- Ethiopia Unlocks Access to $484 Million IMF Loan
- Banks’ Loans to Grow by 20% as New Capital Boosts Lending Appetite -Note
- XRP Rallies as Ripple Unveils XRPL Lending Protocol Plan
- Naira Rallies as Interbank FX Turnover, Deals Count Decline
- Dangote, Aradel Selloffs Drag NGX Index, Investors Lose N2.4trn
- EU Cuts Steel Import Quotas to Protect Industry
- NGX Delivers 47% Return as Investors Gain N48trn in 6 Months
- US Lifts Restriction on Anthropic’s Claude Fable, Mythos 5
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
AfreximBank Balance Sheet Expands by 8% to $30bn African Export-Import Bank (AfreximBank) has expanded its balance sheet size by 8% in the first half of the year to more than $30 billion, the multilateral financial institution said in its consolidated financial statements. The results demonstrate a strong and resilient performance, which was ahead of expectations, the group said in its performance scorecard following surging disbursements. AfreximBank Group’s total balance sheet assets grew by 8% from US$27.9 billion as of 31 December 2022 to approximately US$30.1 billion as of 30 June 2023. The growth was driven by the increase in loans…
AfDB, Korea Sign $28.6m Deal to Support Africa’s Development The African Development Bank and the Government of Korea signed two agreements for financial support to boost Africa’s development agenda. The value of the financing is $28.6 million. The funding complements $600 million in co-financing under the Korea-Africa Energy Investment Framework, agreed with the Korean government in 2021. The framework supports African countries to build human capacity and develop their energy sectors. The agreements were signed in Busan, during the 7th Korea-Africa Economic Cooperation Ministerial Conference (KOAFEC), which is being co-hosted by the Bank and Korea. The new funding will primarily…
President Bola Tinubu has nominated Dr. Yemi Cardoso as the Governor of the Central Bank of Nigeria (CBN)
Brent price jumped to $94 per barrel as the oil market rallied further on Friday amidst tight global supply
Bitcoin and other cryptocurrencies advanced Friday as risk-sensitive assets at large enjoyed gains
Supported by high food prices in the market, Nigeria’s headline inflation rate spiked by 172 basis points
The Nigeria Civil Aviation Authority (NCAA) and the South African Civil Aviation Authority (SACAA) have signed a landmark deal to achieve unified civil aviation
Following a decision to securitise overdraft obtained from the Central Bank, Nigeria’s total public debt has increased strongly to
Trading activities in the Nigerian Treasury bills secondary market were quiet, as the average yield remained at 8.0%
President Bola Tinubu, on Thursday, said Nigeria had no business being poor, having been blessed with enormous human