Ethiopia has secured a $1 billion funding package from the World Bank to support its ongoing economic reform programme and boost economic growth, the country’s Ministry of Finance announced on …
Finance & Services
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AfricaDevelopmentEastern AfricaEconomyEthiopiaFinance & ServicesGOVERNMENTInternational Relations
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The International Monetary Fund (IMF) says Nigeria can make real progress if it increases its revenue, builds a better national budget system, and expands its cash transfer programme to help …
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Banking, Finance & InvestmentDigital EconomyFinance & ServicesNigeria
CBN Clears Air on NRBVN Charges, Says No Hidden Fees for Bank Verification Number
The Central Bank of Nigeria (CBN) has dismissed claims of hidden charges in the Bank Verification Number (BVN) process, assuring Nigerians that the enrolment remains free for residents in the …
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Togo has emerged as the top performer in public debt management within the West African Economic and Monetary Union (WAEMU) in the first half of 2025, recording the sharpest decline …
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At least ten Nigerian states have collectively raised their domestic debt stock by ₦417.7 billion within a year, despite receiving increased monthly revenue from the Federation Account Allocation Committee (FAAC), …
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BusinessEconomyEnvironmentFinance & ServicesLeadershipNewsNigeria
Unilever Nigeria Appoints Ibrahim Sodipe as Executive Director
Unilever Nigeria Plc has appointed Ibrahim Sodipe as its new Executive Director, effective July 1, 2025. The company announced this appointment in a statement released to the Nigerian Exchange Limited, …
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Banking, Finance & InvestmentDigital EconomyFinance & ServicesSecurityTOGO
Ecobank to End Safe Deposit Box Services in Togo from August 1
Pan-African lender, Ecobank, has announced it will discontinue its safe deposit box services in Togo by August 1, 2025, marking a further retreat from a once-premium service that has become …
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Banking, Finance & InvestmentEconomyFinance & ServicesKenyaPolicies
Kenyan Banks Cut Lending Rates as Central Bank Eases Monetary Policy
Commercial banks in Kenya are reducing their lending rates, following recent moves by the Central Bank of Kenya (CBK) to ease its monetary policy in an effort to boost private …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesInternational RelationsMarketsNigeria
GTCO to Raise $100m via London Stock Exchange to Meet CBN Capital Rule
Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise about $100 million through a fully marketed equity offering on the London Stock Exchange (LSE). This move is part …
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Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeriaPolicies
Foreign Investor Backs Nigeria’s Economic Reforms as IMF, CBN Hail Progress
Veteran Asia-Pacific investor and founder of the Research Alpha fund, Michael McGaughy, has praised the economic reforms introduced by the Central Bank of Nigeria and President Bola Tinubu’s administration, describing …