Market News
Naira depreciates as financial market awaits Chinese Yuan auction result Friday - BUSINESSDAY
JULY 27, 2018
by AVJOURNAL
The nation’s currency on Thursday depreciated against the U.S dollar at the investors and exporters (I&E) forex window as the financial...
Nigeria has attained the frequency control level required by member countries of the Economic Community of West Africa States (ECOWAS) to synchronise with and comfortably sell electricity to countries in the region and earn income, the Transmission Company of...
The economies of Nigeria and other sub-Saharan Africa countries will be home to several of the world’s fastest-growing economies this year, the International Monetary Fund (IMF) said yesterday. The region, it said, is expected to have overall economic growth...
"Klippies and coke". These are the orders ringing out in bars across South Africa as thrifty consumers switch from imported, big-brand whisky to various types of locally produced brandy to quench their thirst.
The trend, fuelled by a stagnant economy that...
Nigeria
Nigeria’s crude oil daily production recorded an upward swing of about 2.09million barrels in 2018, translating to a 9 per cent increment, compared with the 2017 average daily production of 1.86million barrels. File: Oil pipeline Pitched against the...
The President, Dangote Industries Limited, Aliko Dangote, has arranged more than $4.5bn in debt financing for his crude oil refinery project and aims to start production in early 2020.
Dangote, Africa’s richest man, is building a refinery with a capacity...
In this exclusive interview, the Managing Director of Volkswagen Group, South Africa & Head of Volkswagen Sub-Sahara Africa (SSA), Mr. Thomas Schaefer, gives more insight into the agreement expected to prepare the way for full resumption of the assembly...
Economic growth in sub-Saharan Africa is expected to be 2.4 percent in 2017, the World Bank said on Wednesday, down from the 2.6 percent projected in April.
It said the downgrade was due to a number of reasons, including Nigeria's...
Zimbabwe
Zimbabwe’s Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu, has warned the business community in the country to stop the practice of ‘dollarising the economy’ in the wake of foreign currency shortages.
Ndlovu was reacting to a decision by Zimbabwe’s largest...
LONDON (Reuters) - A gradual rise by the Japanese yen in recent weeks culminated in a dramatic overnight surge — firing a warning shot for world markets and the global economy in 2019.
Historically, outsized yen gains in short periods,...
