By Chijioke Ohuocha ABUJA (Reuters) -Nigerian banking group FBN Holdings plans to seek shareholder approval this month to raise up to 300 billion naira ($241 million) through a public share offering or private share sale in Nigeria or abroad, it said in a notice on Monday. The holding company, which owns First Bank, one of …
Nigeria’s FBN Holdings plans $241 million capital increase Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -French media group Vivendi’s Canal+ made an all-cash mandatory offer on Monday to buy all the shares of South African broadcaster MultiChoice it does not already own for 35 billion rand ($1.9 billion), both companies said. That offer at 125 rand per share follows an indicative offer of 105 rand …
Vivendi’s Canal+ makes mandatory buyout offer for South Africa’s MultiChoice Read More »
By Isaac Anyaogu LAGOS (Reuters) – Nigeria’s former central bank governor Godwin Emefiele will appear in a Lagos court on Monday after the country’s anticorruption body on Friday filed 26 fresh charges against him alleging misuse of authority and corrupt practices. Emefiele is already facing procurement fraud charges in another court in the capital Abuja …
Nigeria’s ex-central bank head Emefiele faces fresh charges on Monday Read More »
CAIRO (Reuters) – Egyptian inflation is forecast to have ticked up in March as prices adjust to a currency devaluation and an interest rate hike early in the month, followed by an increase in fuel prices two weeks later, a Reuters poll showed on Saturday. The austerity measures were linked to a $8 billion financial …
Egypt inflation seen edging up in March after currency devaluation Read More »
By Herbert Lash NEW YORK (Reuters) -Stocks on Wall Street rallied and the dollar rose on Friday, as bond prices fell, after another blowout U.S. jobs report suggested the Federal Reserve may delay cutting interest rates while it awaits further inflation data. Gold prices hit record highs and the Mexican peso, which tends to benefit …
By Hannah Lang NEW YORK (Reuters) -The dollar strengthened on Friday but was still set for a weekly loss after data showed U.S. employers hired far more workers than expected in March, potentially delaying anticipated interest rate cuts from the Federal Reserve this year. Nonfarm payrolls increased by 303,000 jobs last month, the Labor Department …
Dollar steadies, on track for weekly loss after job growth blowout Read More »
By Erwin Seba HOUSTON (Reuters) -The Brent and U.S. West Texas Intermediate crude oil benchmarks rose more than $1 a barrel during trade on Friday as markets watched for signs of any direct conflict between Israel and Iran that could further tighten supplies. Brent crude settled at $91.17 a barrel, up 52 cents, or 0.57%. …
Oil prices climb more than $1 per barrel on supply risk Read More »
JOHANNESBURG (Reuters) – South Africa’s rand held onto its recent gains against the dollar on Friday in the absence of major local economic data releases. At 1504 GMT, the rand traded at 18.6925 against the dollar, 0.1% stronger than its previous close. The dollar index was last trading up about 0.13% against a basket of …
South African rand firms against dollar, stocks drop Read More »
By Nyasha Chingono HARARE (Reuters) -Zimbabwe is replacing its collapsing local currency with a new one backed by gold and foreign currencies that it hopes will be more stable and help bring down inflation, the central bank said on Friday. The Southern African country relaunched its own currency in 2019 after a decade of dollarisation, …
Zimbabwe launches gold-backed currency to replace battered local dollar Read More »
ADDIS ABABA (Reuters) – The World Bank and Ethiopia have signed loan agreements totalling $1.72 billion to enhance electricity and water supply, as well as to facilitate the movement of food to markets, the finance ministry said on Friday. The bank will allocate $523 million to expand the Horn of Africa nation’s electricity network and …
World Bank loans Ethiopia $1.72 billion for power, water supply expansion Read More »
