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NIGERIA Six West African countries have criticised what the changes of the regional CFA Franc currency to Eco, saying its not in line with what was agreed for the adoption of a single regional currency.
NIGERIA Nigeria says it is studying the currency changes ringing through the West African region and that it will respond in due course. A statement by a media aide to the...
IVORY COAST West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris that have underpinned the region’s common currency since its creation...
NIGERIA A power company in Nigeria, the Jos Electricity Distribution Company, (JED) Plc, is poised to meter over 500,000 customers aimed at halting estimated billing. The move was necessitated by constant appeal of...
TANZANIA Online retailer Jumia Technologies , dubbed “the Amazon of Africa,” said on November 28 it had shut its e-commerce business in Tanzania in a review of its portfolio. Jumia, which...
NIGERIA Nigeria’s central bank has levied a charge on 12 banks for a total of more than 400 billion naira ($1.3 billion) for failing to increase loans to meet a regulatory target, three banking...
ZAMBIA Southern African nations including Botswana, Namibia and Zimbabwe are threatening to quit the global wildlife trade regulator, if they are not granted the right to sell ivory acquired through natural deaths, confiscations and...
NIGERIA MTN will today officially launch mobile money, MoMo, operations in Nigeria, its biggest market and Africa’s most populous nation. Mobile Money schemes across Africa typically help make cash transfers and payments...
CHINA Asian equity markets tanked and the yuan hit an 11-year low Monday after Donald Trump ramped up his trade war with China by imposing more tariffs on more than half-a-trillion dollars worth of...
SUDAN Sudan needs $8 billion in foreign aid over the next two years to cover its import bill and help rebuild its ravaged economy after months of political turmoil, its new prime minister said...

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