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The move comes after the government prohibited individuals and organisations from holding cash over ETB1.5mn (around USD41,000) and a cap on daily cash withdrawals for individuals…
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DOI: 10.1108/OXAN-DB256569
ISSN: 2633-304X
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Nigeria's fuel subsidy outlook.
Manyi, a Zuma ally, bought the Gupta-owned The New Age newspaper and TV news channel ANN7 in August in a wholly vendor-financed deal. In recent years, The New Age and ANN7 have…
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DOI: 10.1108/OXAN-DB224749
ISSN: 2633-304X
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The CBN has previously warned banks against cryptocurrency transactions, arguing cryptocurrencies are not legal tender in Nigeria and create risks due to their volatility and…
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DOI: 10.1108/OXAN-DB260390
ISSN: 2633-304X
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This follows a major devaluation of the Sudanese pound in early October, which the government hopes can stabilise runaway inflation and lure foreign currency back into circulation…
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DOI: 10.1108/OXAN-DB239464
ISSN: 2633-304X
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One of the items reportedly on the agenda was a proposed partnership between the two countries’ ailing national carriers, South Africa Airways (SAA) and Kenya Airways (KQ), in an…
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DOI: 10.1108/OXAN-DB275600
ISSN: 2633-304X
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Its admission makes the EAC one of the largest trading blocs in Africa and will create significant new economic opportunities, but also additional political and security…
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DOI: 10.1108/OXAN-DB268480
ISSN: 2633-304X
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More recently, this has involved widely publicised claims that Russia is skirting international sanctions by using African gold from mines seized by proxy forces to help finance…
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DOI: 10.1108/OXAN-DB286368
ISSN: 2633-304X
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However, with COVID-19-related disruptions weakening chocolate demand, and expectations for another tumble in cocoa’s world market price, the Ivorian Coffee and Cocoa Board (CCC…
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DOI: 10.1108/OXAN-DB254307
ISSN: 2633-304X
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This follows an October 26 Central Bank of Nigeria (CBN) statement announcing the withdrawal of older notes from circulation. The CBN argued this was necessary to check…