The South African rand strengthened against the U.S. dollar in early Tuesday trade, buoyed by a broad risk-on sentiment following U.S. President Donald Trump’s announcement of a ceasefire between Israel …
Markets
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Naira Trades at ₦1,548 Official Rate, ₦1,592 on Black Market as Forex Gap Widens
The naira traded at ₦1,548.52 to one US dollar on the official Central Bank of Nigeria (CBN) window as of June 23, 2025, reflecting continued pressure on Nigeria’s foreign exchange …
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AfricaAFRICA NEWSCorruptionMarketsReal EstateSouth Africa
Gupta Family’s Controversial Saxonwold Properties Headed for Auction
The Saxonwold properties once owned by the infamous Gupta family are set to go under the hammer on 24 July 2025, with Park Village Auctions officially opening the doors to …
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CryptocurrencyFinance & ServicesInnovationMarketsTechnology
Crypto Platform Luno Relaunches in Kenya with Local Trading, KES Pairs and New Features
Luno, a global cryptocurrency trading platform, has officially re-entered the Kenyan market with a new and improved platform that allows users to buy, sell, and hold popular cryptocurrencies like Bitcoin, …
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BusinessEconomyEnergyMarketsOil & GasPolitics
Fuel Price May Hit N1,000/Litre as Global Oil Prices Climb Amid US-Iran Tensions
Petrol prices in Nigeria could rise as high as N1,000 per litre in the coming weeks, as global crude oil markets respond to escalating geopolitical tensions in the Middle East, …
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Standard Chartered Urges Africa to Leverage Regional Trade
Standard Chartered Bank Nigeria Limited has called on African countries to take advantage of emerging global trade shifts by strengthening regional value chains and reviewing their exposure to international markets. …
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Banking, Finance & InvestmentBusinessEconomyMarketsNigeria
Nine Nigerian Banks Spend N1.9tn on Interest in Q1 2025
Nine major Nigerian banks collectively spent N1.90 trillion on interest expenses in the first quarter of 2025, representing a sharp 43.2 per cent increase from the N1.33 trillion recorded during …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusiness and EconomyEconomyMarketsNewsPoliciesSouth Africa
South African Rand Drops Amid Iran-Israel Conflict
JOHANNESBURG, June 19 (Reuters) – The South African rand weakened in early Thursday trade, reflecting growing global risk aversion as the Iran-Israel conflict stretched into its seventh day and investors …
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EconomyFinance & ServicesINVESTMENTMarkets
Nairobi Stock Market Recovers Slightly After Drop Caused by Israel-Iran Conflict
The Nairobi Securities Exchange (NSE) managed to regain some strength on Thursday, days after it suffered heavy losses due to tensions between Israel and Iran. Investors in Kenya and across …
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Banking, Finance & InvestmentEconomyFinance & ServicesInsuranceMarketsNigeriaOil & Gas
Nigerian Stock Market Gains N1.18tn in One Day as Insurance
The Nigerian Exchange (NGX) closed strong on Wednesday, 19 June 2025, with investors showing renewed interest in insurance and oil and gas stocks, pushing the market capitalisation up by ₦1.18 …