Investment

Fitch Ratings warns Nigeria against establishing FX gateway bank, says it may affect banks’ liquidity,

Global credit rating agency, Fitch Ratings, has cautioned the Federal government over the proposed establishment of the foreign currency gateway bank recently announced by...

Umahi summons cement manufactures over hike in price

Federal government of Nigeria through works Minister, David Umahi has summoned Cement Manufactures in the country to a meeting following the hike in price...

Nigerian govt says it attracted $30bn investment commitments in 8 months

Minister of Industry, Trade and Investment, Doris Anite, on Friday, announced significant investment commitments secured by the government since its inauguration eight months ago. While...

10 African countries with the strongest currencies in 2024

Having a strong currency provides numerous benefits to African economies, ranging from increased purchasing power and attracting foreign investment to lower import costs and...

Kenyan shilling surges as it records highest gain in 12 years

The Kenyan currency continues to thread in a positive direction as it records another gain against the US dollar. The Kenyan Shilling which has...

Nigeria unveils ambitious plans to tackle soaring food prices

Nigeria has touted plans to regulate food prices. On Tuesday, the vice-president of the country, Kashim Shettima revealed the federal government’s plans to set...

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