Nigerians across the country marked Democracy Day on Thursday, June 12, 2025, reflecting on 26 years of uninterrupted civilian rule in the country. The day was a mixture of celebration …
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AfricaEconomyGOVERNMENTPoliticsSecurity
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EconomyMarketsNewsSouth Africa
South African Rand Firms Slightly Ahead of Mining Output Data Release
The South African rand showed modest gains in early trading on Thursday, edging higher as investors awaited key mining production figures. At 06:45 GMT, the rand traded at 17.7150 against …
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BusinessEconomyEntertainmentTechnology
Netflix Hikes Subscription Prices Again in Nigeria, Premium Plan Now ₦8,500
Netflix has once again raised its subscription fees in Nigeria, marking the third increase since 2024. This adjustment, which took effect in May 2025, has affected all subscription tiers, with …
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Banking, Finance & InvestmentEconomyNigeriaOil & GasPolicies
Moody’s Upgrades Nigeria’s Credit Rating But Warns Falling Oil Prices, Inflation Could Threaten Naira Stability
Global credit rating agency, Moody’s Ratings, has upgraded Nigeria’s long-term foreign and local currency issuer ratings from Caa1 to B3, citing improved transparency in the country’s foreign exchange system and …
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BusinessEconomyFinance & ServicesPoliciesSouth Africa
South Africa’s Rand Weakens Slightly Ahead of Interest Rate Decision as Markets Watch SARB Closely
The South African rand opened weaker on Tuesday morning as financial markets turned their focus to the upcoming interest rate decision by the South African Reserve Bank (SARB),the rand was …
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Banking, Finance & InvestmentEconomyFinance & ServicesMarketsNigeriaSecurity
CBN Records N1.21tn Subscription at Latest T-Bills Auction Amid Strong Investor Demand
The Central Bank of Nigeria (CBN) has recorded a significant rise in investor interest at its most recent treasury bills auction, with total bids hitting N1.21 trillion, despite slightly reducing …
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BusinessEconomyFinance & ServicesGOVERNMENTMarketsPoliciesPolitics
Naira Gains Ground Against Dollar as CBN Holds Interest Rate Steady
The Nigerian naira has shown consistent strength against the US dollar throughout the week, culminating in a notable appreciation on Friday, May 23, 2025.Data from the Central Bank of Nigeria …
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AfricaAgricultureEconomyFinance & ServicesINVESTMENTPoliciesZAMBIA
Zambia Keeps Interest Rate Steady at 14.5% as Inflation Forecast Improves
Zambia’s Central Bank has decided to keep its main interest rate unchanged at 14.50 percent. This decision comes after two recent hikes in the rate aimed at controlling high inflation …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTMarketsOil & GasPolicies
CBN Holds Interest Rate Steady Amid Stronger FX Stability and Rising Reserves
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …
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Business and EconomyEconomyFinance & ServicesINVESTMENTMarketsReal Estate
How Rising Interest Rates Are Shaping Africa’s Property Market in 2025
For property developers, investors, and aspiring homeowners across Africa, the fluctuating landscape of interest rates is a critical barometer for market health. As central banks across the continent grapple with …