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The naira is firming up hovering around 1,000 naira against the greenback at the parallel market as the central bank clears outstanding currency forwards owed to banks. 

Will naira firm stronger against greenback?

Fitch Ratings has commended the Nigerian government for embarking on reforms in the exchange rate framework much more quickly than anticipated.

How reforms are driving naira gain

Carla Barnett, the Secretary General of the Caribbean Community says investors can tap into the agriculture and transportation markets in Africa and the Caribbean as a short-term step to bridge the trade and investment gap.

Scaling trade prospects in caricom

Cement giants posted double-digit growth in their third quarter earnings, driven by the combination of decent volumes and a high ex-factory cement price. 

How price impacted Q3'23 earnings of cement giants

Norrsken22 has closed its first African technology growth fund at $205 million, surpassing its target of $200 million. Lexi Novitske, General Partner at Norrsken22 joins CNBC Africa on strategies needed to back growth stages for tech startups. 

Norrsken22 closes African tech growth fund at $205mn

Telecom giants, MTN Nigeria and Airtel have reported growth in their third quarter and half-year results posting gains in service revenues from mobile money and mobile data services. 

Mobile money, data drive MTNN, Airtel results

AFEX has secured a $26.5 million financing commitment from the British International Investment to support structural improvements in Africa’s agricultural industry, build 20 modern warehouses in strategic locations in Nigeria, Kenya, and Uganda. AFE

Improving food security in Africa

Kanayo Awani, the Executive Vice-President of the Intra-African Trade Bank says lack of access to market information is a major reason why trade between Africa and the Caribbean is low.

Lack of access to market information limiting Afri-Caribbean Trade

Okomu Oil Palm has reported a 20.8 per cent growth in revenue to 60,4 billion naira in the third quarter of this year, driven by growth in local sales which stood at 60.6 billion naira. 

Okomu Oil Palm revenue grows 20.8% in Q3’23

Nigeria’s foreign exchange reserves dropped by 10.2 per cent to $33.3 billion between January and October this year. 

Shoring up Nigeria’s FX reserves

MSCI says the MSCI Nigeria Indexes will be reclassified from Frontier Markets to Standalone Markets status. 

How MSCI reclassification will impact Nigeria

The Nigerian government plans to securitise about $7billion of its dividends from the Nigerian Liquefied Natural Gas (NLNG) to boost foreign exchange liquidity. 

CBWA