Equities across Asia traded mixed on Thursday after the United States Federal Reserve lowered interest rates for the first time since December, leaving investors uncertain about how many more cuts …
OIL PRICES
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EconomyGlobal MarketsInflationMonetary PolicyStock Market
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EnergyGhana EconomyOil & GasTax & Revenue
Ghana’s Petroleum Revenue Rises Despite Declining Oil Output in 2024
Ghana’s petroleum revenue experienced a remarkable rise in 2024, reaching US$1.36 billion, representing a 27.8 percent increase from US$1.06 billion in 2023, according to the latest Annual Report by the …
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AfricaCentral BankingDigital EconomyEconomyFinanceGlobal NewsInflationUGANDA
Bank of Uganda Maintains Key Lending Rate at 9.75% Over Inflation and Global Economic Concerns
Uganda’s central bank has decided to keep its main lending rate unchanged at 9.75 per cent for the fourth time in a row, as the country continues to monitor global …
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AfricaEconomyEnergyGlobal PoliticsOil & GasTrade
Brent Oil Price Falls on US-Russia Sanctions Dialogue
Brent crude oil prices stayed close to $66 per barrel on Monday, continuing the sharp fall recorded last week. The drop in price followed fresh news that United States President …
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AfricaAFRICA NEWSBusiness and EconomyEconomySouth AfricaTransportation & Logisitics
Fuel Prices Rise Across South Africa
Motorists and households in South Africa are facing a fresh round of fuel price hikes, with the cost of petrol, diesel, and paraffin all increasing as of this week. According …
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AfricaAviationBusiness and EconomyEnvironmentGlobal NewsMiddle east
The Effect of Israel-Iran Conflict on the People, Global Economy
Tensions between Israel and Iran have sharply increased. This situation is now causing big changes around the world. It affects how people travel, what things cost, and the stability of …
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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 & 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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DevelopmentEconomyFinance & ServicesInternational RelationsMarketsNAMIBIANigeriaPoliciesPoliticsSenegalSouth AfricaTrade and Commerce
African Markets
African financial markets are currently facing a challenging situation, influenced by both global and local factors. There is growing uncertainty in the global economy, as well as domestic political tensions …
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AFRICA NEWSBusinessEconomyEnergyGlobal NewsInternational RelationsNewsNigeriaOil & Gas
OPEC cuts global oil demand growth forecasts over US tariffs
The Organisation of the Petroleum Exporting Countries (OPEC) has slightly reduced its earlier forecast for global oil demand in 2025. According to its Monthly Oil Market Report released on Monday, …