The Ghana cedi has emerged as Africa’s best-performing currency for the first eight months of 2025, according to the World Bank’s Africa’s Pulse October 2025 Report.The Bretton Woods institution revealed that the cedi appreciated by about 20% year-to-date, outpacing all other African currencies. The report attributes this rally to tight fiscal and monetary policies, rising […]
The Ghana cedi has emerged as Africa’s best-performing currency for the first eight months of 2025, according to the World Bank’s Africa’s Pulse October 2025 Report.The Bretton Woods institution revealed that the cedi appreciated by about 20% year-to-date, outpacing all other African currencies. The report attributes this rally to tight fiscal and monetary policies, rising […]
The Ghana cedi has emerged as Africa’s best-performing currency for the first eight months of 2025, according to the World Bank’s Africa’s Pulse October 2025 Report. The Bretton Woods institution revealed that the cedi appreciated by about 20% year-to-date, outpacing all other African currencies. The report attributes this rally to tight fiscal and monetary policies, […]
The Naira closed the week bullish on Friday, trading at N1,487.89 to the Dollar at the official market. According to Central Bank of Nigeria (CBN) data, the currency gained N11.08, representing a 0.7 per cent appreciation from Thursday’s N1,498.97. Naira also opened the trading week bullish on Monday, gaining N4.03 against the Dollar at the […]
KCB Group and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to provide financial and trade facilitation support for investors in the Vipingo Special Economic Zone (SEZ) in Kilifi County. Under the agreement, Afreximbank will extend an initial funding commitment of US$500 million, while KCB Group will contribute US$300 million towards […]
The Naira commenced the new trading week on a relatively stable note, exchanging at N1,532.54 to the U.S. dollar at the official market on Monday. According to data published on the Central Bank of Nigeria’s (CBN) official website, the local currency slipped by 20 kobo compared to Friday’s closing rate of N1,532.34, representing a marginal […]
In a groundbreaking initiative, Sterling Bank has announced the elimination of bank transfer fees for local online transactions, making it the first major Nigerian bank to take such a step. The policy, which took effect immediately upon its announcement on April 1, initially sparked widespread skepticism, with many assuming it was an April Fools’ Day […]
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