Author: Marketforces Africa

Payments infrastructure giant Interswitch faces a financial threat as the company lost a whopping sum of ₦30 billion

The joint military task force, “Operation Delta Safe” (OPDS) impounded a vessel, MV Mother Mary I on Sunday, laden with 300,000 litres of illegally refined diesel.

The Senate has passed the 2023 Supplementary Appropriation Bill of N2.17 trillion.

Fitch Ratings has upgraded Ghana’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below.

Mr Charles Eghobamien, the President and Chief Executive Officer, of Sunora Foods, says the company will commit about US$100 million as foreign direct investment in oil palm production and other crops in Edo.

The Bank of England (BoE) Thursday kept rates on hold for a second consecutive meeting and, barring some major unpleasant surprises in the data between now and Christmas, it’s fair to say the tightening cycle is over, said ING.

Mr Fife Banks, an entrepreneur has urged Nigerian investors to leverage the opportunities that the United States provides through its Employment Based (EB) platform.

The House of Representatives, says it will investigate the N200 billion expended on the postponed 2023 census by the National Population Commission (NPC).

Africa Finance Corporation (AFC) has exited its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana’s Takoradi Port, to the global ports and container terminals operator Yilport Holding.

Amidst Nigeria’s foreign exchange crisis, the apex bank said it has started to clear outstanding foreign currency forwards owed to deposit money banks.