Nigeria’s central bank announced new minimum capital requirements for banks on Thursday to fortify the nation’s financial system and increase the resilience of banks. According
Category: Africa
Johannesburg, South Africa’s largest city faces an unprecedented water crisis.
Tsholofelo Moloi has been waiting in line for water for the past two weeks, along with thousands of other South Africans, while the nation’s largest
11 African nations are in crisis over billions of dollars in loans secured with natural resources. – ADB chief.
The head of the African Development Bank is demanding an end to loans made in exchange for the abundant oil and vital minerals found on
Nigeria is at its lowest point ever as reforms deepen the cost of living crisis.
Gratitude Joseph has been making enough money to feed her son and pay for his education by weaving purses, sandals, and jewelry. But since November,
UN says, Africa needs $2.5tr in climate finance by 2030.
A U.N. official stated on Monday that Africa has contributed the least to greenhouse gas emissions despite experiencing some of the worst effects. By 2030,
Zimbabwe needs a predictable fiscal and monetary policy to instill confidence in its currency – World Bank.
A senior World Bank official stated on Friday that Zimbabwe must increase the predictability of its monetary and fiscal policies to restore confidence in its
Nigeria crackdowns on cryptocurrencies in a bid to salvage the Naira detains Binance executives.
The Financial Times reported on Wednesday, that two senior executives of Binance had been detained in Nigeria as the nation cracks down on cryptocurrency exchanges.
Egypt’s battered economy gets $35b investment from UAE to boost forex.
Egypt announced on Friday that it has signed an agreement with the United Arab Emirates to develop a desirable portion of its north coast in
Naira crashes to a record low of N1, 712 to a dollar as equities plummet.
On Monday, the Nigerian naira hit historic lows on both the official and unofficial markets and stocks had their largest one-day decline in over a
Olam Group tackles Nigeria’s Central Bank over $50b forex fraud.
The Olam Group of Singapore stated on Monday that there was no proof found by its investigation team linking its Nigeria unit to a purported
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