Currencies, capital markets, and the prices that move African economies.
Okechukwu, who owns a well-known nightclub in the oil-rich Delta State, faced the court on Wednesday in Lagos' Federal High Court where he was granted bail set at 10 million naira (approximately $8,600)
Ghana, a West African country with a total external debt nearing $30 billion, defaulted on the majority of this debt over a year ago.
The NBS has identified food as the primary driver of this inflation spike, attributed to soaring costs of staples such as bread, grains, dairy, eggs, meat, and vegetable oil.
The informal sector, which constitutes about 75% of employment in Zimbabwe, has ceased accepting the Zimdollar, also known as the RTGS dollar, due to fears of its depreciating value.
Bobrisky, who has a following of five million on social media, pleaded guilty to the charges brought against her by Nigeria’s anti-graft agency following her arrest last earlier this month.
As part of the loan agreement, the European Union has stipulated that Egypt must continue to make progress towards establishing effective democratic mechanisms.
Zimbabwe introduced a new currency, the ZiG, on Friday, seeking to replace the severely depreciated Zimbabwe dollar that has been marred by inflation and public distrust.
During an hours-long system failure, customers, primarily university students, were able to withdraw or transfer more than their account balances.
The Nigerian authorities have formally charged Tigran Gambaryan, an American national and the head of financial crime compliance at Binance, along with Nadeem Anjarwalla, a British-Kenyan and the company's regional manager for Africa.
The surge in the farmgate price comes in response to the global cocoa market experiencing more than a threefold increase in cocoa prices over the last year.
The economic strain has intensified, plunging the populace into severe hardship and placing unprecedented pressure on President Tinubu's administration.
With major market fluctuations, many investors are left wondering if the cryptocurrency market will recover and, more importantly, which crypto asset will bounce back the fastest.
Abe Sano, the bank's president, revealed to the media on Tuesday that the glitch allowed transactions ranging from as little as 9 cents to $5,350 to occur. Initially, the bank reported a staggering loss of $40 million due to the fault.
Stakeholders across the board, from banking professionals to customers and economic analysts, await further details on how these transitions will unfold and the potential impacts on Uganda's banking and financial services landscape.
Abuja, Nigeria – In a move that has stirred controversy and sparked discussions about transparency and accountability within Nigeria's legislative chambers, Senator Abdul Ningi of the Peoples Democratic Party (PDP) has been suspended from the Senate. The suspension follows his public claims, made during a recent interview, that a
Arusha,Tanzania In a world where digital information zips across the globe in the blink of an eye, the truth often finds itself in a gripping race against fiction. This was vividly illustrated in the recent hullabaloo surrounding the proposed East African Community (EAC) currency, dubbed the "Sheafra."
