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Nigeria’s Gross Domestic Product grew by 2.98 per cent in real terms in the first quarter of 2024. 

NBS: Nigeria’s GDP grew 2.98% y/y in Q1’24

International Breweries has received an approval from the Securities Exchange Commission to proceed with is proposed Rights Issue. The Rights Issue will offer 161,17 billion Ordinary Shares valued at 588.279 billion naira. 

SEC approves International Breweries 161bn share rights issue

Ghana’s Monetary Policy Committee’s deliberations enter day 3 as the authorities assess the next moves to rein in inflation. 

Databank: Ghana MPC likely to maintain MPR at 29%

Ghana expects an Executive board review of its IMF programme in June this year following its plan to restructure $13 billion of Eurobond debt which was rejected last month by the Bretton Wood institution. 

How close is Ghana to securing deal with international bondholders?

Data from the Nigerian Upstream Petroleum Regulatory Commission shows the country produced 159.15 million barrels of crude oil in the first four months of this year. 

How Nigeria can ramp up oil production

The Managing Director of FD and Partners, Fabienne Diouf says while infrastructure stands as a backbone for economic development and fosters regional connectivity in Africa, financing and securing investments remain lingering challenges. 

Diouf: Financing, securing investments lingering challenges

Analysts say the CBN’s Monetary Policy rate hike announced today is an aggressive stance which calls for the fiscal authorities to come up just as aggressive. 

Akindele: 150bps MPR hike aggressive

The Governor of the Central Bank of Nigeria, Olayemi Cardoso says the recent moves by the apex bank is yielding positive outcomes as it focuses on transparency to drive investors’ confidence, price stability and inflation slowdown

How CBN’s hawkish stance impacts growth?

Obinna Iwuno, the President of the Stakeholders in Blockchain Association of Nigeria joins CNBC Africa for this discussion. 

Crypto exchanges delist naira 

The naira recorded its first appreciation against the dollar at the official foreign exchange market after weeks of depreciation. Analysts say the decline is due to decline in dollar liquidity in the official market. 

Can naira recover ground?

Precious metals prices are edging higher this week with gold climbing to a 3-week high on the back of a weaker U.S. dollar and softer inflation data. 

Will Nigeria's mineral resources portal revive FDI flows?

Nigeria’s inflation continued to print northward at 33.69 per cent in April with food inflation hitting 40.53 per cent. 

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