Economy & Finance

Capital Raise

FBN Holdings Approves Capital Raise and Dividend Amid Brand Transition

FBN Holdings shareholders approve N350 billion capital raise, N14.36 billion dividend, and First Bank’s rebranding ...
Nigeria's Inflation Rate Climbs to 33.88% Amid Soaring Energy Costs

Nigeria’s Inflation Rate Climbs to 33.88% Amid Soaring Energy Costs

Nigeria's inflation rate hits 33.88% in October, driven by soaring energy costs and structural inefficiencies, ...
Foreign Debt

Nigeria Spends $3.5 Billion on Foreign Debt Servicing in Nine Months, Economists Raise Concerns

Nigeria spends $3.5 billion on foreign debt servicing in nine months, raising concerns among economists ...
Naira Depreciation

Naira Depreciation and Economic Concerns Cause 3.2 Point Drop in Firms’ Confidence – CBN Report

The Central Bank of Nigeria (CBN) reports a 3.2-point drop in firms' confidence in the ...
Undeclared Dollar Holdings

Nigerian Government Offers 9-Month Amnesty for Undeclared Dollar Holdings Amid Forex Crisis

In a bid to stabilize Nigeria’s foreign exchange market, the Federal Government has announced a ...

Côte d'Ivoire’s Banking Sector

Finance: Côte d’Ivoire’s Banking Sector Expanding to Serve the Unbanked Population

The financial sector in Côte d’Ivoire is undergoing a transformation, with a focus on increasing ...

Rwanda joins regional stock exchanges in data vending as trading income falters

Rwanda joins regional stock exchanges in data vending as trading income falters

The East African stock markets are increasingly turning to data vending as a key revenue ...

Private employers paying below 70K risk jail

Private employers paying below 70K risk jail: A Critical Review of the New Minimum Wage Policy

Private employers paying below 70K risk jail term under the new wage regulations, sparking a ...

Kendro Secures

Kendro Secures $5.2M to Advance Infrastructure-Led Fintech for African Enterprises

In Africa’s financial ecosystem, where fintech often leans into speed, user acquisition, and short-term metrics, ...

Jumia

Jumia Celebrates 10 Years of E-commerce in Kenya and Ghana

Jumia, Africa’s leading e-commerce platform, has marked a decade of operations in both Kenya and ...

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Today in History

About 500 movies are made in the US and 800 in India annually.

Exchange Rate Per Dollar

AM Armenian Dram363.4503
GH Ghana Cedi11.5148
GM Gambian Dalasi73.984
GN Guinea Franc8,805.53
NG Nigerian Naira₦1,331.5
CF CFA Franc BEAC572.0323
18 Sep · CurrencyRate · USD
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