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BENIN/INDIA/NIGERIA/SENEGAL/WAMARKETS

Rice Prices Reach 12-Year High Amid Export Restrictions

In a startling turn of events, the United Nations food agency’s rice price index surged by 2.8% in July, marking its highest level in almost 12 years. The sharp increase has been…

by Omolara Ibrahim
August 5, 2023
ECONOMY/NIGERIA/UK/WAMARKETS/ZAMBIA

UK and Zambia Establish Collaborative Efforts in Clean Energy and Critical Minerals

In a series of significant developments, British Foreign Minister James Cleverly concluded a productive four-day visit to Africa, sealing pivotal agreements with Zambia aimed at fostering cooperation in clean energy and critical…

by Tunde Ogunlade
August 3, 2023
ECONOMY/WAMARKETS

Understanding GDP: The Measure of a Nation’s Economic Pulse

As the global economy continues to evolve, one crucial metric stands tall as a key indicator of a nation’s economic health: Gross Domestic Product (GDP). GDP is an essential tool used by…

by Staff Writer
July 29, 2023
AGRICULTURE/BENIN/GUINEA/IVORY COAST/SENEGAL/TOGO/WAMARKETS

India’s Rice Export Halt Sparks Global Food Inflation Concerns

In a move that has sent shockwaves through the global food markets, India, the world’s largest rice exporter, has ordered a halt to its largest rice export category. The decision to ban…

by Omolara Ibrahim
July 24, 2023
AFRICA/NIGERIA/SOUTH AFRICA/WAMARKETS

S&P Analyst: Bright Spots in Nigeria and Kenya’s Economic Policies

During S&P Global’s emerging market conference in London, one of the firm’s top sovereign rating analysts, Frank Gill, highlighted the positive economic policy developments in Nigeria and Kenya. Gill also, however, expressed…

by Mabel Ofori
July 11, 2023
NIGERIA/OIL & GAS/WAMARKETS

Nigeria’s Petrol Consumption Plunges by 28% After President Ends Costly Fuel Subsidy, Saving Billions

Nigeria’s average daily petrol consumption has experienced a remarkable 28% decline since President Bola Tinubu made the crucial decision to eliminate the popular yet financially burdensome fuel subsidy at the end of…

by Yao Asante
July 7, 2023
NIGERIA/SENEGAL/WAMARKETS/WATECH

Digital Currencies Sweep the Globe: 130 Countries Embrace CBDCs, Atlantic Council Study Reveals

According to a recent study conducted by the Atlantic Council, digital currencies have garnered significant attention worldwide, with 130 countries, representing 98% of the global economy, currently exploring the development of their…

by Adwoa Adu
June 29, 2023
AFRICA/ECONOMY/NIGERIA/WAMARKETS

Nigeria’s Inflation Hits 22.41% in May, Triggering Economic Concerns

Nigeria’s economy faces a significant hurdle as annual inflation rose to 22.41% in May, up from 22.22% the previous month, according to the National Bureau of Statistics (NBS). The country’s largest contributors…

by Nana Osei
June 17, 2023
AFRICA/FINANCE/NIGERIA/WAMARKETS

Nigeria’s Banking Index Surges to Over 20-Year High Amidst Central Bank Governor’s Suspension

In a remarkable turn of events, Nigeria’s banking index witnessed an astounding surge of 23%, propelling it to a level not seen in over two decades. This surge took place on Wednesday…

by Tunde Ogunlade
June 15, 2023
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