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Currency Devaluation

South Africa Probes Mysterious Flights Carrying Palestinians

South Africa investigates unexpected Palestinian arrivals after officials raise concerns about a coordinated effort to remove civilians from Gaza and the West Bank.

Zenith Bank Moves to Acquire Kenya’s Paramount Bank

Zenith Bank advances its East Africa expansion with a planned acquisition of Kenya’s Paramount Bank amid rising regulatory pressures on smaller lenders.

MTN and Airtel Make a Strong Comeback

MTN Nigeria and Airtel Africa, two of Nigeria's leading telecommunications companies, are charting a...

Inflation Hits Nearly 30%, Highest Since 1996

Nigeria's inflation rate reaches nearly 30% amid skyrocketing food prices and currency devaluation. Government faces mounting pressure to stabilize economy and alleviate financial strain on households.

Naira Hits Record Low on Official Exchange, Nears N1,500/$ Mark

The naira plunges to a new all-time low on the official market, raising concerns over potential economic impacts and market stability.

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South Africa Probes Mysterious Flights Carrying Palestinians

South Africa investigates unexpected Palestinian arrivals after officials raise concerns about a coordinated effort to remove civilians from Gaza and the West Bank.

Zenith Bank Moves to Acquire Kenya’s Paramount Bank

Zenith Bank advances its East Africa expansion with a planned acquisition of Kenya’s Paramount Bank amid rising regulatory pressures on smaller lenders.

Gunmen Abduct 25 Students in Overnight Attack on Kebbi School

Gunmen abducted 25 schoolgirls from a Kebbi secondary school, killing a vice principal and triggering a major security operation across the area.

Dangote Cement Opens N100bn Note Sale to Investors

Dangote Cement opens N100bn commercial papers across two series, offering high yields as it strengthens liquidity and expands its short-term funding strategy.