Year: 2023

Meeting in Abidjan on 29 November 2023, the Board of Directors of the African Development Bank approved a loan of €73 million to Kenya to support Phase III of the Competitiveness and Economic Recovery Support Programme. The financing will cover the fiscal year 2023-2024.

Africa Finance Corporation (AFC) has invested US$60 million in Etu Energias (formerly Somoil), the largest private Angolan oil company, as part of a drive to boost indigenous participation in the continent’s energy sector.

There was a serious shift away from selling to buying momentum across Nigeria’s US dollar bond in the international debt market following Q3-2023 growth record in Africa’s largest economy.

After staying low sugar, the dollar has found some support despite bullish sentiment on US bonds with Treasury yields breaking through key levels.

The Supreme Court on Wednesday ruled that both the old and the redesigned naira notes remain valid legal tenders in the country beyond December 31.

GCR Ratings has affirmed Sovereign Trust Insurance Plc’s national scale financial strength rating of A(NG); with the outlook revised to positive from stable- reflecting expectations of sustained levels in the insurer’s capitalisation and liquidity assessment over the next 12-18 months.

Exchange rates closed in a mixed direction in the foreign exchange markets as demand …

The average yield on Federal Government of Nigeria (FGN) bonds declined marginally as investors …

Halting the downtrend, equities investors gained more than N132 billion midweek due to buying interest…

The Commissioner for Insurance, Mr Sunday Thomas, says recent efforts by the National Insurance Commission…