Economy

By John Ikani The governor of the National Bank of Ethiopia, Mamo Mihretu has informed the Ethiopian parliament that the nation has successfully secured more than $1.5 billion in temporary relief from its debts. The move...

By John Ikani Major oil-producing nations, led by Riyadh and Moscow, are progressing towards an agreement aimed at further reducing production to support volatile prices, a source close to the negotiations revealed to AFP. Ministers from...

By John Ikani The dollar hovered near a three-month low on Thursday, marking its most significant monthly drop in a year. Investors increasingly believe the Federal Reserve won't raise rates, anticipating a pivotal inflation report later...

By Enyichukwu Enemanna Nigeria's President, Bola Tinubu on Wednesday presented before a joint session of the National Assembly the 2024 budget estimates of N27.5trn, the first budget prepared by his administration since the May 29 assumption...

By John Ikani Nigeria's foreign exchange (FX) market is enjoying an ease in pressure with the naira holding its ground against the United States dollar at the parallel market. Local online platform Aboki FX reported a...

By John Ikani Apple is reportedly parting ways with Goldman Sachs, signalling the tech giant's shift away from its credit card collaboration with the investment bank. Sources cited by the Wall Street Journal said Apple has...