Tony Chukwunyem
It was just slightly over two months ago that Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, told BloombergTV that the apex bank was “relatively pleased” with the progress it had made…
Jeff Ukachukwu
Nigeria’s Headline Inflation Increased by 33.69 per cent YoY in April 2024 as Food Inflation Rose by 40.53p er cent. The average CPI for the 12 months ending April 2024 increased by 28.10% compared to…
New Telegraph
The Bank for International Settlements (BIS) has appointed Frank Smets as Deputy Head of the Monetary and Economic Department (MED) and Head of Economic Analysis and Statistics. According to a press release, Smets will begin…
New Telegraph
Fitch Ratings has affirmed United Bank for Africa (Ghana) Limited’s LongTerm Issuer Default Rating (IDR) at ‘B-’ with a Stable Outlook and Viability Rating (VR) at ‘ccc’. In a statement, the credit rating agency said…
Tony Chukwunyem
While they believe that the Q2’24 Gross Domestic Product (GDP) report, recently released by the National Bureau of Statistics (NBS), indicates that the country’s economic trajectory is showing “positive momentum”, analysts at Comercio Partners have…
Tony Chukwunyem
According to the “Money and Credit Statistics” for July 2024, released by the Central Bank of Nigeria (CBN) last week, banks’ credit to the private sector increased by N2.29 trillion or 3.13 per cent to…
New Telegraph
The Central Bank of Comoros and the PanAfrican Payment and Settlement System (PAPSS) have announced the official commencement of activities for the implementation of PAPSS in Comoros. According to a press release, this initiative, supported…
New Telegraph
Standard Chartered Bank Ghana was recognized as the “Best Innovation in Retail Banking” at the International Banker 2024 Middle East & Africa Awards. According to a press release, the award celebrates Standard Chartered’s efforts in…
New Telegraph
The African Union Commission (AUC) and the African Development Bank Group’s (AfDB) African Leaders for Nutrition (ALN) initiative, in collaboration with the government of Senegal, have launched a series of regional consultations that aim to…
Tony Chukwunyem
The 2024 “Where to Invest in Africa Report” by Rand Merchant Bank (RMB) has ranked Nigeria 9th among the continent’s top ten attractive investment destinations. Using a weighted Z-score and four metric pillars to evaluate…
