South Africa’s Central Bank on Thursday left its benchmark interest rate at 3.5%. While holding a briefing, Governor Lesetja Kganyago said of the five members on the panel, three voted to
Nigeria’s manufacturing sector expanded in November. According to Central Bank of Nigeria’s report, Purchasing Managers Index (PMI) rose to 50.2 points in November from 49.4 points recorded in October. PMI
The president of the European Central Bank hinted that the institution would continue its strategy of easing its monetary policy and support the market with another stimulus package. [bc_video video_id=”6210953805001″
European Fintech start-up Mintos has broken crowdfunding records on Crowdcube by raising €5.3 million from nearly 5000 people in just 24 hours. Mintos a leading alternative investment platform shattered its
US Federal Aviation Administration has cleared Boeing 737 Max to fly again after 20 months and a pair of deadly crashes. The nation’s air safety agency announced the move on
The effects of the Covid-19 pandemic on banking systems around the world will last for some time. For Africa, six countries namely Nigeria, Tunisia, Kenya, South Africa, Morocco and Egypt
British airline EasyJet has posted its first full-year loss in its 25-year history as a result of the coronavirus pandemic but laid out hope that the rollout of vaccines will
The Organisation of Petroleum Exporting Countries (OPEC) has predicted that despite increasing stability in the demand for crude oil by China and India, there will be a reduction in the
The Nigerian National Petroleum Corporation (NNPC) has said it remitted N47.42 billion (about $122m) to the Federation Account Allocation Committee (FAAC). “From August 2019 to August 2020, total NNPC remittances to
Nigeria’s inflation rate increased by 14.23% (year-on-year) in October 2020, this is 0.06% higher than the rate recorded in September 2020 (13.71%). Rising food prices continued to be the primary
Asian stocks hit a record high on Monday as vaccine optimism and strong economic data from China and Japan outshone worries about rising coronavirus cases, lifting just about every sector.
Fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy. The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian
Nigeria’s Federal Inland Revenue Service (FIRS) has disclosed that receipts from tax, which were previously supplementary, now account for about 70% of Nigeria’s total revenue. FIRS said other revenue lines,
There were indications on Friday that the naira had fallen to its weakest level in six weeks in informal trading as Central Bank of Nigeria (CBN) interventions in the official
Moody’s Investor Service has affirmed the African Development Bank’s AAA credit rating, with a stable outlook. “The credit profile of African Development Bank (AfDB) is supported by the bank’s robust
The Nigerian government is in the process of accessing a $750m World Bank loan on behalf of states, the country’s Minister of Finance, Budget and National Planning, Zainab Ahmed, announced
The Nigerian Stock Exchange has announced that a market-wide circuit breaker kicked in Thursday at 12:55p.m, when the NSE All-Share Index (NSE ASI) rose beyond the set threshold of 5%,
US Federal Reserve Chairman Jerome Powell said the economy continues to need help despite progress toward a Covid-19 vaccine, suggesting that the US Congress “may have to do more” to
Germany’s flagship airline Lufthansa has started testing passengers for COVID-19 under a new programme it hopes will ensure passenger and crew safety and encourage more people to fly amid the
The UK economy expanded the most on record in the third quarter, a rebound that’s since been undermined by an increase in virus cases and new restrictions on businesses. Growth
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