Saturday, 16th November 2019


Articles related to economy

Nigeria central bank eyes second debt sale in a week to lure foreign investors

Nigeria’s central bank plans to auction 150 billion naira ($489.5 mln) of open market bills on Thursday, traders said, its second bill sale in a week as the country seeks to attract more foreign investors.

The bank last month shifted policy to try to force banks to lend to help revive an economy stuck with low growth after a recent recession. But…

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Nigeria's president tells cenbank to stop providing FX for food

Nigeria’s President Muhammadu Buhari has told the central bank to stop providing funding for food imports, his spokesman said in a statement on Tuesday, a move that has raised questions about the bank’s independence.

Nigeria, which has Africa’s biggest economy, is the continent’s top oil producer and relies on crude sales for around 90% of it…

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Landlocked eSwatini report says ministers must tighten belts to help lift economy

The Kingdom of eSwatini is looking at cutting cabinet ministers’ housing, travel and entertainment allowances as part of attempts to revive the economy of the southern African country formerly known as Swaziland.

A Royal Commission tasked with investigating how politicians are remunerated in the landlocked country submitted recommendations on…

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South Africa's rand on the ropes as global risk aversion intensifies

South Africa’s rand weakened for a third straight session early on Tuesday as global growth worries linked to the trade spat between China and United States and souring local sentiment kept investors eyeing key selling levels.

At 0650 GMT the rand was 0.26% weaker at 15.3450 per dollar, back tracking after a brief run to 15.2400 as technical…

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South Africa's central bank governor says will go to war to protect independence

South Africa Reserve Bank Governor Lesetja Kganyago said on Wednesday he will fight to protect the central bank’s independence if it is jeopardised by plans to bring it into public ownership.

He has been vocal in expressing concerns over plans by the ruling African National Congress to nationalise the SARB, and some party factions have also said…

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