Economy

Nigeria has canceled plans to issue $950 million selling overseas bonds, owing to unfavorable market conditions during the time frame approved for the fundraising. Finance Minister Zainab Ahmed said in …

Nigeria’s foreign trade rose to N13 trillion in the first quarter of 2022, increasing by 11.1% from N11.7 trillion recorded in the previous quarter and 65.4% higher than the N7.86 …

Kenya’s inflation rose to a new two-year record of 7.1 per cent in May as the cost of food and beverages continues to rise sharply partly affected by the war …

The FIRS says it is ready to recover unremitted tax deductions detained in the coffers of some states and local governments. Federal Inland Revenue Service (FIRS) said it will consequently advise …

The IMF (International Monetary Funds) has warned that debt servicing may gulp 100 per cent of the Federal Government’s revenue by 2026 if the government fails to implement adequate measures …

 According to Stats SA, South Africa’s statistics agency there has been a reduction in the unemployment rate, the first drop in nearly two years. 370,000 jobs were created between the …

The USA Ambassador to Nigeria, Mary Beth Leonard, has disclosed that Nigeria will continue to be eligible for preferential trade access to the US market under the AGOA (African Growth …

Central bank of Kenya unexpectedly raised its key interest rate for the first time in almost seven years to anchor inflation expectations as concerns about commodity prices build.  The monetary …

SARS declares a strike and demands 1.4% increase offer which has been rejected by Nehawu and the PSA. The unions insist on a 7% increase, among other benefits. On Wednesday, …

The statistics office said on Wednesday that the Inflation rate in Zimbabwe has jumped to 131.7% this May, as fallout from the Ukraine war hit an already battered economy. Inflation …