Afreximbank, Sterling Bank to offer Supply Chain Finance in Nigeria
Afreximbank, Sterling Bank to offer Supply Chain Finance in Nigeria The African Export-Import Bank (Afreximbank) has partnered Sterling Bank to introduce an innovative supply chain finance product ‘Payables Finance’, in…
Read moreEgypt Gets $820m as IMF Increases Facility by $5bn
Egypt Gets $820m as IMF Increases Facility by $5bn The Executive Board of the International Monetary Fund (IMF) completed the first and second reviews of Egypt’s Extended Fund Facility arrangement…
Read moreWeekly Report: NGX Market Capitalisation Down by 0.08%
Weekly Report: NGX Market Capitalisation Down by 0.08% Transaction activities of the stock market on the Nigerian Exchange Ltd. (NGX) declined by 0.08 per cent, making the market capitalisation to…
Read moreAfDB Signs $75m Loan Agreement to Boost Indorama’s Fertilizer Production, Export Capacity
AfDB Signs $75m Loan Agreement to Boost Indorama’s Fertilizer Production, Export Capacity The African Development Bank (AfDB), has signed a 75 million dollar loan agreement with Nigeria’s Indorama Eleme Fertilizer…
Read moreNigerian Banks to Benefit from Interest Rate Hike –Fitch
Nigerian Banks to Benefit from Interest Rate Hike –Fitch Nigerian banks’ profitability will benefit from a marked increase in net interest margins (NIMs) driven by recent increases in the monetary…
Read moreUK to Keep Policy Rate at 5.25% till Q3 –Fitch
UK to Keep Policy Rate at 5.25% till Q3 –Fitch Bank of England (BoE) would maintain a monetary policy rate of 5.25% until the third quarter of 2024, Fitch Ratings…
Read moreAccess Holdings Announces $1.5bn Capital Raising Programme
Access Holdings Announces $1.5bn Capital Raising Programme Access Holdings Plc has unveiled plans to establish a capital raising programme of up to $1.5 billion or its equivalent. The corporation disclosed…
Read moreNaira Halts Gaining Streaks Amidst FX Subsidies
Naira Halts Gaining Streaks Amidst FX Subsidies The Nigerian naira paused gaining streaks in the official window on Thursday amidst apex bank subsided US dollar sales to currency traders. The…
Read moreHigh Debt to GDP Ratio Damaged Mozambique’s Credit Profile
High Debt to GDP Ratio Damaged Mozambique’s Credit Profile The government credit profile of Mozambique has remained adversely affected by the country’s 95% debt to GDP (debt to GDP ratio)…
Read moreNaira Falls Against Dollar by 0.7%
Naira Falls Against Dollar by 0.7% The Naira experienced a slight depreciation at the official market, trading at N1,309.39 to a dollar on Thursday. Data from the official trading platform…
Read more