By Camillus Eboh ABUJA (Reuters) – Nigeria dropped tax evasion charges against two Binance executives on Friday after the world’s largest crypto exchange appointed a local representative to face all court processes relating to the allegations on its behalf. Binance and Tigran Gambaryan, a U.S. citizen and head of financial crimes compliance for the firm, …
Nigeria drops tax charges against Binance executives Read More »
By Marc Jones LONDON (Reuters) – The heads of the African and Inter-American Development banks are touring North America, the Middle East, Korea and Brazil in a bid to secure $20 billion of IMF reserve assets which they want to turn into $80 billion of climate financing. AfDB President Akin Adesina told Reuters the aim …
African, Inter-American development banks on $20 billion IMF reserve asset donor drive Read More »
By Ope Adetayo ABUJA (Reuters) – The World Bank has approved a total of $2.25 billion loan for Nigeria to help stabilise its economy following reforms and scale up support for the poor, it said in a statement on Thursday. In April, Finance Minister Wale Edun said Nigeria was seeking up to $2.25 billion in …
World Bank approves Nigeria’s $2.25 billion loan request Read More »
By Stephen Culp NEW YORK (Reuters) -The Nasdaq and the S&P 500 recorded their fourth consecutive record closing highs on Thursday and U.S. Treasury yields touched their lowest levels since early April as investors reconciled cooler-than-expected inflation data with tempered rate-cut expectations from the Federal Reserve. The dollar gained ground against a basket of world …
Wall Street notches record closing highs on cooler inflation data Read More »
By Maxwell Akalaare Adombila, Libby George and Rodrigo Campos ACCRA/LONDON/NEW YORK (Reuters) – Ghana and its bondholders will restart talks next week to hash out a debt restructuring deal on $13 billion of international bonds, four sources told Reuters, on the heels of a deal finalised with official creditors earlier this week. Ghana, a gold …
Ghana’s bondholders to re-engage government next week on debt rework Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar gained on Thursday despite a soft U.S. producer price inflation report for May, after the Federal Reserve adopted a hawkish tone at the conclusion of its meeting on Wednesday. Data on Thursday showed that U.S. producer prices unexpectedly fell in May, with the headline producer price index …
Dollar gains on hawkish Fed, even as inflation cools Read More »
BUJUMBURA (Reuters) – Burundi’s budget will rise 15.9% to 4.4 trillion Burundi francs ($1.5 billion) in the 2024/25 financial year starting in July, largely because of the unfreezing of civil servants’ salary bonuses, Finance Minister Audace Niyonzima said on Thursday. Parliament passed the budget on Thursday evening with 84.7% of votes cast, after Niyonzima read …
Burundi budget to rise 16% in 2024/25, finance minister says Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices rose slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel supplies and expectations of a delayed start to Federal Reserve interest rate cuts but supported by U.S. economic data showing an easing labor market and slowing inflation. Brent crude futures were up 31 …
Oil edges higher as US data offsets impact of Fed rate-cut outlook Read More »
KAMPALA (Reuters) – MTN Uganda’s sale of shares left over from its 2021 Initial Public Offering was oversubscribed by almost 100%, the telecom firm said on Thursday. MTN Uganda is a local unit of South Africa’s MTN Group and competes chiefly with the local unit of India’s Bharti Airtel. The company received applications for 3 …
MTN Uganda says share offer oversubscribed almost 100% Read More »
JOHANNESBURG (Reuters) -The South African rand edged lower on Thursday as talks to try to form a government of national unity continued. At 1535 GMT, the rand traded at 18.4150 against the dollar, 0.14% weaker than its previous close. On Wednesday, South Africa’s Inkatha Freedom Party (IFP) said it would be willing to join a …
South African rand edges lowers as unity government talks continue Read More »
