Economics
Africa’s Biggest Insurer Exits U.K. Businesses to Sharpen Focus
Sanlam Ltd. is planning to exit several of its U.K.-based operations, including its life insurance and wealth management units, in order...
Read moreNaira Depreciates Afresh To $1/N535
As the exchange rate between the naira and the US dollar closed at N411.5/$1 at the Investors and Exporters window....
Read moreFood Shortage Looms, Economic Experts Warns
Experts have cited Nigeria’s prevailing economic conditions and unfavourable regulatory frameworks as indicators of an impending food crisis in the...
Read moreA $9 Trillion Binge Turns Central Banks Into the Market’s Biggest Whales
Since the start of the pandemic, central banks in the U.S., Europe and Japan have been on a $9 trillion...
Read moreInvestment Banks Turn Sour on U.S. Equity Outlook
Warnings are getting louder that the relentless runup in American equity prices is set to falter. Strategists at Goldman Sachs...
Read moreEmerging Economies Cannot Afford ‘taper tantrum’ repeat, says IMF
Emerging markets cannot 'afford' a repeat of the 2013 'taper tantrum' market disruption that occurred when the US Federal Reserve...
Read moreCBN Explains Exchange Rates Will Coincide
The Central Bank of Nigeria (CBN) maintains that there would be a convergence of exchange rates despite the depreciation seen...
Read moreNigeria’s Vehicle Exportation Valued At N601 Billion
Nigeria spent a total of N601.51 billion on the importation of motor vehicles in the first half of the year....
Read moreAfDB earmarks $100,000 to support Green Revolution Forum
The African Development Bank (AfDB) has returned as a top-tier partner of the African Green Revolution Forum (AGRF), Africa’s largest...
Read moreEL-Salvador Adopts Bitcoin As Legal Tender
As of today, Bitcoin is now officially a legal tender in El Salvador, three months after the Bitcoin Law passed...
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