To contribute to Rwanda’s debt sustainability strategy, the country has raised $620 million through a 10-year Eurobond, part of which will go towards retiring an outstanding dollar bond. The East

As a way of helping struggling economies deal with the fallout from the Covid-19 pandemic, the International Monetary Fund has approved the allocation of IMF Special Drawing Rights (SDRs), a

The Nigerian National Petroleum Corporation (NNPC) on Monday assured that it would protect the interest of Nigeria in any transaction involving international oil companies interested in divesting from the country.

As a way of achieving a robust integration for West African economies and finances, 15 Countries are ready to link up their debt markets before the end of 2023. The

The Central Bank of Nigeria has assured it will monitor commercial banks to ensure they meet the legitimate FX demands of customers. As a way of also allaying fears over

The Group Managing Director/Chief Executive of Zenith Bank Plc, Mr. Ebenezer Onyeagwu, has called for increased impact investing in Nigeria and other countries in Africa, for the continent to attain

Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd for $29 billion, creating a global transactions giant in

Members of the Manufacturers Association of Nigeria (MAN) have strongly supported last week’s decision by the Central Bank of Nigeria (CBN) to discontinue with the weekly sale of the United

MTN Nigeria o Saturday declared revenue of N790.3 billion (about $1.9bn), representing an increase of 24.1 per cent in its unedited half year results for the period that ended on

Royal Dutch Shell has launched a major divestment of its Nigerian assets, several sources familiar with the matter said. Shell has hired Standard Chartered to sell its Shell Petroleum Development

As a way of boosting Kenya’s capacity in waging war against terrorism, the country’s armed forces has signed a deal worth Sh9.87 billion with Turkish armoured vehicles manufacturer Katmerciler. The

Airtel Africa Plc has announced a net profit of $142 million in the fiscal first quarter as revenue grows 31% to $1.1billion. The company’s Q2 2021 unaudited results for the

FCMB Group Plc has reported a significant gross revenue of N94.2billion and profit before tax of N8.9billion in its unaudited interim earnings report for the first half of 2021. The

Black Widow has a new enemy: the Walt Disney Co. Scarlett Johansson, star of the latest Marvel movie “Black Widow,” filed a lawsuit Thursday in Los Angeles Superior Court against

The naira appreciated to N520 to a dollar on the parallel market on Thursday, stronger than the N525 to a dollar it closed the previous day. The appreciation came as

The International Monetary Fund (IMF) has warned against the adoption of cryptocurrencies like Bitcoin and Ethereum as legal tenders. As contained in a blogpost titled ‘Crypto Assets as National Currency?

The Mauritius Commercial Bank Limited (MCB) has successfully signed a $20Million term loan facility with Bank of Kigali Plc to support its strategic growth objectives. The loan proceeds will be

Following the Central Bank ban on the sales of FX to Bureaux de Change (BDC) operators, the apex bank is set to refund all capital deposits and licensing fees to

A prominent Chinese billionaire has been sentenced to 18 years in prison, the latest in a string of punishments against outspoken corporate bosses. Sun Dawu runs one of the country’s