EMERGING MARKETS – FX returns to 18-month lows as dollar gallops higher
(Reuters) – Emerging market currencies slipped on Thursday as the greenback hit its highest level in two decades after hotter U.S. inflation data, while...
Stocks pummeled by growth worries, U.S. dollar climbs
(Reuters) – Global stocks plunged and the dollar strengthened for the first time in four sessions on Wednesday as concerns about rising inflation on...
Nigeria: Banks make U-turn begin issuance of old naira notes
Following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria (CBN) currency redesign policy to December, some deposit money...
South Africa’s MTN first-quarter pretax profit up 21%
South African mobile operator MTN Group MTNJ.J said on Friday first quarter pretax profit rose 21.1% year-on-year, supported by service revenue growth amid demand...
Nigeria’s external reserves drop by $384m, ECA $35m
The Central bank of Nigeria (CBN) continues its withdrawal from Nigeria’s external reserves as it continues its intervention in the forex market.
Data obtained from...
IMF worried about impact of South Africa’s growth outlook on poverty
The International Monetary Fund (IMF) said on Tuesday at the end of a visit to South Africa that its staff were increasingly concerned about...
Kenya’s Ruto appoints Koech as second central bank deputy governor
Kenya's President William Ruto has appointed Susan Koech, a career banker who has also worked in top government posts, to be the second deputy...
Nigeria’s apex banks reneges, says old bank notes remain legal tender
The Central Bank of Nigeria has directed commercial banks to dispense and receive old naira notes as legal tender across the country.
The CBN gave...
Osinbajo Announces New 5% Credit Facility For MSMEs
The Vice President said all that the MSME operators required was a bankable business proposal and guarantors. He said the government was also exploring...
9 Nigerian banks spend N23 billion on travel expenses in 2021
A total of nine Nigerian banks spent N23 billion on business trips during the year 2021, data collated from the banks’ financial reports have...
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