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Gold prices edge lower hitting a pause after this week’s rally as traders await more U.S. economic cues as escalating tensions in the Middle East bolster the metal's appeal as a haven. 

Will gold sustain price rally?

Nigeria has gazetted its new regulations on withholding tax which reduces and grants full exemptions from withholding tax to businesses, including SMEs with annual turnover not exceeding 25 million naira.

Nigeria gazettes witholding tax regulations

Data by the Central Bank of Nigeria shows that the country’s currency in circulation rose by 93.3 per cent to 4.1 trillion naira with about 6.6 per cent within the banking sector. 

Nigeria’s currency in circulation rises by 93%

Nigeria says it has sustained its foreign reserves to about 37 billion dollars despite addressing the 7-billion-dollar FX backlog, the securitisation of the ways and means loan and other debt as well as FX demands. 

Will Nigeria sustain foreign reserves inflow?

All is set for Nigeria to begin naira crude oil sale on Tuesday. 

Nigeria to begin naira crude deal on 1st October

Analysts at Databank believe Ghana’s strong economic recovery will drive a positive stock market performance in the last quarter of 2024. 

Databank: Economic recovery to drive positive GSE performance

C&I Leasing plans to tap into the bond market next year to scale up its operations and business model. 

C&I Leasing eyes bond issuance in 2025 

The Africa Finance Corporation has partnered with Itana to develop a digital economic zone in Africa to support tech, finance and service-based businesses to operate and scale across the continent. 

AFC, Itana partner to create Africa digital economic zone

Governor of the Central Bank of Nigeria, Olayemi Cardoso says efforts must be sustained to achieve a positive interest rate. 

Will naira gain on higher interest rates?

Côte d’Ivoire plans to raise cocoa prices for its upcoming harvest by as much as 23 per cent, following the nearly 45 per cent raise by Ghana in a bid to bridge harvest shortfalls, boost farmers' incomes and deter bean smuggling. 

What cocoa price hike means for global markets

Raxio Group has expanded its data centre network in Africa with a facility in Abidjan, Cote D’ivoire. 

Raxio Group expands data centre network in Cote D’ivoire

Nigeria’s Monetary Policy Committee says it expects higher inflationary pressures in the short term driven by risks such as rising fuel prices, flooding and exchange rate volatility. 

CBWA