cbwa

Nigeria plans to start issuing domestic foreign currency-denominated bonds from the second quarter of this year in a bid to raise revenue, address dollar shortages and stabilise the naira. 

Nigeria to sell FX-denominated bonds in Q2’24

Cote D’Ivoire will pay cocoa farmers 1,500 CFA Franc for beans following calls for an increase in prices to address the global cocoa shortage. 

Cote D’Ivoire raises payment for cocoa farmers by 50%

The Nigerian Electricity Regulatory Commission has increased the tariff for electricity customers under the band A category to 225 naira per kilowatt.

Nigeria increases electricity tariff for premium customers

With the restructuring of over 13 billion dollars of international bonds still lingering, Ghana is hoping to conclude talks with bondholders by June this year. 

Can Ghana avoid another Eurobond default?

Manoj Sinha, Co-Founder and CEO of Husk says affordable, long-term and sufficient debt is critical for rapidly scaling decentralized, renewable and climate-resilient energy infrastructure in Nigeria. 

Financing Nigeria’s energy infrastructure

Analysts say the capital raise by the Central Bank of Nigeria for banks will further fortify the industry’s financial resilience, and reduce the likelihood of failures among others. 

Assessing the pros & cons of Nigeria’s bank recapitalisation

The Association of Bureau de Change Operators of Nigeria says the recall of its members into the foreign exchange market has contributed to stability in the exchange rate. 

What’s driving Nigeria’s FX stability?

With Nigeria’s interest rates at 24.75 per cent, experts believe the environment may limit the level of investments needed in the agriculture sector.

Will Nigeria’s high interest rate impact investment in agriculture sector?

The Nigerian Exchange Group, Association of Securities Dealing Houses of Nigeria and other stakeholders hold a capital market pull-out ceremony for the out-going Group Chief Executive Officer of the Nigerian exchange, Oscar Onyema. 

Oscar Onyema ends 13-year tenure at NGX

Data from the International Cocoa Organization shows cocoa prices have pulled back from this week’s high of 10,000 dollars per metric tonne with London futures trading at 7,615 pounds and New York futures at 9,094 dollars per tonne. 

Cocoa prices pull back from $10,000 high

The Central Bank of Nigeria says it expects a moderation to foreign exchange volatility and inflation by May this year following implementation of key policies aimed at addressing these challenges. 

Can Nigeria sustain FX stability?

Nigeria’s Monetary Policy Committee has commenced its second meeting of the year with analysts anticipating a tight monetary policy stance following February’s 400 basis points hike due to inflation risks. 

CBWA