The International Monetary Fund agreed to immediately disburse $684.7 million to Kenya, boosting the country’s foreign-exchange reserves before a critical eurobond repayment due in June. The money includes...
Nigeria’s central bank said it had cleared the foreign-exchange backlogs of 14 banks and begun settlements with international airlines. In a statement Wednesday it said that...
As of January 18th, 2024, the dollar to naira exchange rate is 1 USD to 1315 NGN at the black market.
Oil prices declined by over $1 following reports that China, the world’s largest importer of the commodity, is struggling with growth. This coupled with the persistent...
China is still contending with major challenges from deflation pressures and the property crisis as the year kicks off, with investors underwhelmed so far by policies...
Stanbic IBTC Holdings PLC, a prominent financial services provider in Nigeria and a member of the Standard Bank Group, has strengthened its corporate governance with new...
African airlines have reported a substantial 22.1% increase in Revenue Passenger Kilometers for November 2023 compared to the same period the previous year, according to data...
The Nigerian Naira plummeted to N1,300 against the US Dollar on the black market, signaling a sustained decline against its global counterparts following the decision of...
Emirates Airlines has announced its intention to bolster its cabin crew team by hiring an additional 5,000 members for its soon-to-be-operational Airbus A350 fleet in 2024....
The Nigerian National Petroleum Company Limited (NNPCL) has escalated its efforts against oil theft as 83 illegal refineries and 15 illegal pipeline connections were uncovered in...
