Browsing: Nigeria

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.

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.

President Bola Tinubu on Wednesday in Abuja urged members of his cabinet to work assiduously towards achieving the mandate of their ministries or be ready to leave the government.

Euromonitor International has forecast the GDP of Sub-Saharan Africa to double by the year 2040 from the 2022 figure of USD 2 trillion to over USD 4.5 trillion.

Vice President Kashim Shettima has sought the assistance of the United States Government on President Bola Tinubu’s administration’s food security agenda.

The benchmark yield on Nigerian Treasury Bills has expanded further amidst selloffs pressures in the secondary market. At the close of the trading session on Wednesday, the yield shifted upward by 20 basis points to 11.1% as investors’ risk appetite continued to shift.