Nigeria imports about 2.4 million metric tonnes of frozen fish annually and this is taking a toll on the country’s foreign exchange reserves, the Federal Government of Nigeria lamented on …
Economy
- AfricaEconomyNigeriaWestern Africa
- BusinessEconomySouthern Africa
Ramaphosa to tackle issue of unemployment, announces 100,000 new jobs in South Africa
The government plans to introduce several reforms to create jobs for the country’s millions of unemployed young people, says president Cyril Ramaphosa. Writing in his weekly open letter to the …
SARS, South African Revenue Service has announced the start dates and details for the 2022 tax season, with the tax authority warning of penalties for South Africans who fail to …
Central Bank of Kenya(CBK) collected KSh 14billion at this week’s treasury bills auction and received bids worth KSh 14.7billion out of the KSh 24billion on offer, an under subscription rate of 61.26%. …
- AfricaBanking, Finance & InvestmentBusiness and EconomyEconomyINVESTMENTNewsNigeriaWestern Africa
Banks reward savings accounts with 1.28%, lending hits 26.61%
The gap between the savings and lending rates in banks widened by 25.33 per cent in March, according to figures obtained from the Central Bank of Nigeria. Latest figures obtained …
- EconomyManufacturing & Consumer GoodsNewsNigeriaWestern Africa
NGX: Market capitalisation loses N42 billion on Wednesday
The Nigerian Exchange Ltd., (NGX) on Wednesday ended three consecutive sessions of gain with market capitalisation closing at N28.677 trillion from N28.719 trillion on Tuesday, representing a loss of N42 …
Ghana’s inflation rate jumped to the highest level in more than 18 years in May as food and transport costs surged. Annual inflation accelerated to 27.6%, the fastest pace since …
- AgricultureEconomySouth Africa
South Africa prepares for hard locust season, plans to use US tracking tech
South Africa is banking on a tracking technology backed by the institute of Microsoft’s late co-founder, Paul Allen to tackle the infestation, bracing for a repeat of last season’s locust …
The National Assembly has agreed to raise Kenya’s debt ceiling to Ksh 10 trillion from the current Ksh 9 trillion in what is aimed at giving the National Treasury allowance to borrow …
Kenya’s business confidence continues to decline two months before the General Elections scheduled for August 8, the Stanbic Bank Purchasing Managers’ Index (PMI) has revealed, noting that the issue has …