An AI African Intelligence Site
IMF Lauds Nigeria’s Bold Reform, Highlights CBN Autonomy International Monetary Fund (IMF) remains positive with Nigeria’s bold economic reform, according to a statement released after the fund concluded the Article…
IMF Keeps 3.3% 2024 Growth Forecast for Nigeria The International Monetary Fund on Thursday maintained its growth forecast of 3.3% for Nigeria’s economy for 2024, up from 2.9% last year,…
Airtel Africa Posts $89m Loss After Tax as FX Crisis Bites Airtel Africa Plc recorded $89 million loss after tax due to pressures from currency fluctuation in its key markets.…
Canada Slams Binance $6m Fine for Money Laundering Violations The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the anti-money laundering agency on Thursday said it had imposed a…
Bitcoin Price Slides as Cryptocurrencies Pullback The bitcoin price is struggling to stay above the $61,000 mark on Thursday, according to data from the crypto exchange. The price of the…
FX Market: How Major Currencies Move vs US Dollar The Euro strengthened past $1.077, the highest in one month, as investors reconsider expectations for interest rate cuts by key central…
UK Keeps Interest Rates Unchanged at 16-Year High At the end of its policy meeting, the Bank of England (BoE) kept its key interest rate unchanged at a 16-year high.…
Sterling Slides as UK Keeps Interest Rate The pound sterling came under pressure from a stronger US dollar and struggled for traction against other currencies after the UK central bank…
Oil Slides as US Inventories Climb by 509,000 Barrels In the global commodity market, oil prices declined as market reacted to an increase in crude inventories in the US, the…
Selloffs Reduce Equities Investors Combine Wealth to N55.55trn Investors in the Nigerian Exchange (NGX) are hurting following a sustained decline in the equities market capitalisation as a result of sustained…