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The National Bank of Angola kept its key interest rate at 19.5%, marking ten months of stability. It simultaneously lowered the liquidity absorption rate and reserve requirement ratio to enhance …
Angola Maintains Key Rate at 19.5% While Reducing Reserve Requirements Read More
Angola’s central bank keeps the main lending rate at 19.50% for the fifth time. Inflation decreased to 25.26% year-on-year in February, down from 26.48% in January. The central bank of …
Angola’s Central Bank Maintains Main Interest Rate at 19.50% Read More
Afentra is in talks to enhance its interests in two offshore Angolan blocks, aiming to acquire stakes from Etu Energias. The decision to proceed is dependent on various regulatory approvals. …
Afentra Engages in Stake Acquisition Discussions for Angolan Offshore Blocks Read More
In 2024, Nigeria’s passenger car imports dropped by 14.2% to N1.26 trillion, primarily due to volatile exchange rates and rising inflation. The naira depreciated significantly against the dollar, and escalating …
Nigeria’s Car Imports Decline Due to FX Volatility and Inflation Read More
Oil prices rose slightly due to Middle East instability and China’s stimulus plans, despite global growth concerns. Brent crude increased to $71.24, while U.S. crude reached $67.72. Analysts noted positive …
Oil Prices Rise Amid Middle East Instability and China’s Economic Stimulus Read More
Oil prices increased on Tuesday, bolstered by Middle Eastern tensions and China’s economic stimulus, despite global growth concerns. Brent crude reached $71.43 per barrel while U.S. West Texas Intermediate hit …
Oil Prices Increase Amid Global Tensions and Economic Stimulus Read More
Oil prices have increased due to positive economic indicators from the US and China and increasing geopolitical tensions in the Middle East. While prices have declined significantly from earlier highs, …
Oil Prices Rise Amid Economic Optimism and Increased Geopolitical Tensions Read More
Oil prices rose slightly due to Middle Eastern instability and Chinese stimulus plans, but global growth concerns and tariffs limited gains. Brent climbed to $71.24 and U.S. crude to $67.72. …
Oil Prices Rise Amidst Geopolitical Instability and Economic Stimulus Read More
In 2024, Nigeria spent over ₦520 billion on arms imports, the highest in five years, accounting for two-thirds of total imports from 2020 to 2024. The sharp increase challenges claims …
Nigeria Records Highest Arms Import Spending in Five Years in 2024 Read More
Gold prices soared to $3,000 per ounce due to economic instability tied to President Trump’s actions. This surge results from financial market volatility and unresolved geopolitical conflicts, with gold being …
Gold Reaches Historic High of $3,000 per Ounce Amid Global Turmoil Read More