Browsing: Economy
The International Monetary Fund (IMF) expects global economic growth to be slightly weaker than previously forecast, warning that rising geopolitical tensions and energy disruptions are weighing on activity.
Kenya raised KES 24.35 billion from Treasury bill allotment at its weekly primary market auction last week. The weekly Treasury bills auction was oversubscribed, recording a subscription rate of 102.3%, with total bids of KES 24.55 billion against an offer of KES 24.00 billion.
The benchmark yield on Nigerian government bonds increased by 10 basis points week on week in the secondary market, reflecting investors’ risk-off sentiment in the debt instruments.
Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B’ with a stable outlook.
The South African Rand is holding up well against major crosses, including the US dollar, Euro and British Pound (GBP), following yesterday’s rally, First National Bank (FNB) said in its daily market insight on Thursday.
JSE Index Rises 3.96% as Global Risk Appetite Improves The Johannesburg Stock Exchange (JSE) rebounded strongly on Wednesday as global…
FTSE Russell to Upgrade Nigeria to Frontier Market Status in Sept. FTSE Russell, the global index provider, today announced that…
Ghana Stock Exchange Rebounds, Total, GCB Lead Gains The Ghana Stock Exchange (GSE) rebounded in Tuesday’s session, with both benchmark…
Investors’ whetted appetites dragged the average yield on Nigerian Treasury bills down by 15 basis points, according to a market update released by Afrinvest Securities Limited.
Fuel Costs Drive Selling Price Inflation to 15-Month High Nigeria’s private sector felt the sting of the US-Iran war as…