Nigeria’s debt office denies $401m US bond servicing claim for March - Finance in Africa
Nigeria’s debt office has refuted claims that the federal government paid $401.1 million to service its domestic U.S dollar-denominated bond.| Finance in Africa
Nigeria’s debt office has refuted claims that the federal government paid $401.1 million to service its domestic U.S dollar-denominated bond.| Finance in Africa
The Washington-based lender noted that despite recent fiscal slippages, bold corrective steps by the new administration have kept programme goals within reach, buoyed by strong export earnings, rising reserves and renewed commitments to fiscal discipline.| Finance in Africa
The country’s new gold regulator has also suspended the trading licences of all foreign traders, effective immediately, as it moves to centralise control of artisanal gold exports.| Finance in Africa
Despite the apparent drop in headline inflation, Nigerians continue to face high costs of essentials amid ongoing economic challenges.| Finance in Africa
Nigeria’s central bank has held its benchmark interest rate at 27.5%, as it weighed slowing inflation against lingering economic pressures.| Finance in Africa
Kenya is set to launch a sovereign wealth fund and an infrastructure fund, as the government looks to finance key sectors through asset sales.| Finance in Africa
Malawi’s newly elected president, Peter Mutharika, has reappointed Joseph Mwanamvekha as finance minister, according to an official statement.| Finance in Africa
The central bank has indicated it could lower its benchmark rate if inflationary pressures persist in easing.| Finance in Africa
Egypt’s annual inflation slowed for the fourth straight month in September, falling to 11.7% from 12% in August, according to CAPMAS .| Finance in Africa
Since President Bola Tinubu took office in May 2023, Nigeria has scrapped eight tax measures spanning telecoms to plastics.| Finance in Africa
Kenya’s private sector activity rebounded in September, with business conditions improving for the first time since April as rising demand rose.| Finance in Africa
Nigeria’s inflation rate slowed for the second month in a row in May, falling to 22.97% from 23.71% in April.| Finance in Africa
Ethiopia resumes dollar sales with $150m injection to ease currency pressures| Finance in Africa
