Economy

Nigeria’s central bank sold about 400 billion naira ($1.27 billion) of Treasury bills on Friday, lifting the interbank lending rate up to 12 percent, traders said. The bank sold 82 …

Ghana will miss 2016 targets on growth, fiscal deficit reduction and its primary balance but is committed to restoring fiscal discipline and eliminating overexpenditure, Finance Minister Ken Ofori-Atta said on …

REUTERS photo Demand for gold rose in 2016 to a three-year high, aided by keen investment appetite for the precious metal, the World Gold Council said in a report on …

Nigeria is likely to launch a planned $1 billion sale of Eurobonds this week, its finance minister said on Wednesday. “We’re on course with everything we’re doing,” Kemi Adeosun told …

A general view shows a section of the plant at the Dar Petroleum Operating Company oil production operated in Palogue oil field within Upper Nile State in South Sudan South …

The total economic impact of violence on the world economy in 2015 was estimated to be $13.6 trillion, according to a recent report endorsed by the World Economic Forum (WEF), …

Tanzania will receive a $305 million loan from the World Bank to expand its main port in it main commercial city Dar es Salaam, where congestion and inefficiencies are hampering …

Banks’ assets have depreciated in the last two years, with provisions for Non Performing Loans (NPLs) hitting N856.9 billion, a financial market report has said. The report by the investment …

The Senate yesterday began debate of the general principles of budget 2017 presented to a joint session of the National Assembly by President Muhammadu Buhari on December 14, last year. …

Nigeria’s central bank held its benchmark interest rate at 14 percent on Tuesday, and kept its cash reserve ratios for commercial banks at 22.5 percent, governor Godwin Emefiele said. The …