Africa

Saudi Arabia to sign deals worth over $500 mln with African nations -minister

The Saudi Fund for Development will sign agreements worth 2 billion riyals ($533 million) with African countries, Saudi Finance Minister Mohammed Al-Jadaan said on...

Developing countries owe China at least $1.1 trillion – and the debts are due

Developing countries owe Chinese lenders at least $1.1 trillion, according to a new data analysis published Monday, which says more than half of the...

Nigeria raises bond yields in drive to halt naira rout

Nigeria’s government raised the interest rate on local currency securities in a bid to attract investors to the assets as part of efforts to...

Nigeria’s naira firms on black market, central bank settles FX forwards

Nigeria's naira firmed to 1,000 per dollar on the black market on Monday, online platform abokiFX showed, recovering from a record low of 1,300...

Nigerian court orders release or bail hearing for ex-central bank head

A Nigerian court on Monday ordered that former central bank governor Godwin Emefiele, who has been in detention for three months, be unconditionally released...

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