Bizcommunity.com The United Nations food agency’s world price index fell in August to a new two-year low, reversing a rebound seen the previous month, as a decline in most food commodities offset increases for rice and sugar.The Food and Agriculture Organisation’s (FAO) price index, which tracks the most globally traded food commodities, averaged 121.4 points…
Reuters News CAPE TOWN – Ghana, Angola and Tanzania qualified for January’s African Cup of Nations finals when they finished in the top two of their respective groups on Thursday, leaving only six more places to be decided in the next days for the 24-team tournament in the Ivory Coast. Ghana and Angola finished one-two in…
Nigerian Tribune LATEST data from the Central Bank of Nigeria (CBN) has shown that total banking industry assets grew year-on-year by N30.92 trillion or 47.21 percent to N96.4 trillion between end-June 2022 and end-June 2023. Details of the banking industry’s total assets and gross credit to the economy which have maintained their upward trends in…
Nigerian Tribune Heirs Holdings Group Chairman, Tony O. Elumelu, has urged the Indian private sector to seize the opportunity to invest in Nigeria. He stated this during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India, jointly organised by the High Commission of Nigeria to India, the Confederation of Indian Industry (CII) and the…
Bizcommunity.com South Africa’s current account deficit widened to 2.3% of gross domestic product in the second quarter from a revised 0.9% in the first quarter, central bank data showed on Thursday, 8 September.In rand terms, the current account balance for the April-June period recorded a deficit of R160.7bn ($8.36bn) from a revised R63.7bn deficit in…
Reuters News Nigeria is seeking an economic cooperation pact with India as well as Indian investment in rice farming, Nigeria’s trade minister said in New Delhi on Wednesday.
Nigerian Tribune New United Kingdom (UK)-backed projects worth £49 million have been announced at the inaugural Africa Climate Summit, being hosted by Kenya, alongside the Africa Climate Week that will end on Friday. These projects will focus on mobilising finance for climate action and help people manage the impact of climate change across the continent…
Nigerian Tribune Securities and Exchange Commission (SEC) has said the remarkable growth witnessed in the Nigerian banking industry over the past decade is partly attributable to the capital market and SEC’s comprehensive regulatory approach. Director General of SEC, Mr Lamido Yuguda, said this at the 2023 Chartered Institute of Bankers (CIBN) graduates induction and prize…
Bizcommunity.com Statistician-General Risenga Maluleke says while our sluggish but resilient economy is showing some positive signs of GDP growth, there’s still a lot of market volatility.The economy grew by 2.6% in the second quarter of the year, beating power cuts, high interest rates and a strained rail network to make solid gains for a second…
The East African The International Finance Corporation (IFC) has committed a Ksh7.28 billion ($50 million) equity investment in a Denmark-backed fund referred to as the Emerging Markets Infrastructure Fund II. The funding will go towards transport infrastructure projects, and supply chains to help tackle food insecurity and climate-related issues in Africa and South Asia. The…
