plwa

Data from the Central Bank of Nigeria shows the country’s debt servicing payments rose 69 per cent year-on-year to 6.04 trillion naira in the first half of this year. 

CBN: Nigeria’s debt servicing payments up 69% y/y to ₦6.04trn in H1’24

More than 90 per cent of investors voted to approve the restructuring of the 13-billion-dollar bonds by Ghana. 

Ghana seals $13bn debt restructuring with bondholders

Nigeria’s President, Bola Tinubu has sent 4 tax reform bills to parliament to provide a clear and concise legal framework to facilitate ease of tax compliance, reduce tax disputes and optimise revenue. 

Nigeria moves to reform tax system

India has lifted the ban on the export of non-Basmati white rice more than a year after it blocked overseas sales. 

How India's lifting of rice export curbs impacts Nigeria 

Ghana’s consumer inflation rose 110 basis points to 21.5 per cent in September driven by higher food prices after slowing five consecutive months. 

Will Ghana reverse September inflation spike?

The Strategy Leader for West Africa at Safrik Investment Group, Vincent Nwani believes while Nigeria seems to be within the tolerable debt threshold for now, its debt to GDP ratio is fast tracking toward 100 per cent mark by 2030. 

Nwani: Nigeria’s debt-to-GDP likely to hit 100% by 2030

Data by the National Bureau of Statistics shows that Nigeria’s unemployment rate rose to 5.3 per cent in the first quarter of 2024 from 5 per cent in the third quarter of 2023. 

Can Nigeria tap informal sector to address unemployment gap?

Experts say the increase in internet connectivity, the adoption of smartphones, and the advent of high bandwidth network connectivity, such as 5G are driving the adoption of mobile gaming in Africa. 

Lagos eyes 30% share of Africa’s gaming market  

The Bank of Ghana says its decision to cut rates by 200 basis points, its first since January, reflects a positive standpoint regarding easing inflation, and strong GDP growth. 

Can Ghana sustain its recovery trajectory?

The World Bank has approved $1.57 billion in new funding to Nigeria. This is to support the country in improve education, healthcare and increasing resilience to climate change through enhanced dam safety and irrigation infrastructure. 

World Bank approves $1.57bn to support 3 key projects in Nigeria

Côte d'Ivoire has suspended the 900 per cent increase in port tax on some imported products including utility vehicles following a public outcry. 

Economic impact of Côte d'Ivoire’s port tax exemptions

Nigeria says the proposed changes to about 15 economic stabilisation bills will address inflation, complement monetary policy measures, and promote fiscal discipline among other issues.

PLWA