AfDB Matches Italy’s $150m Loan for African Development Projects
The African Development Bank (AfDB) has announced its commitment to match the $150 million in concessional loans and grants provided ...
Tag: Finance
London Stock Exchange Regains Title as Europe’s Largest Stock Market
The London Stock Exchange (LSE) has reclaimed its position as Europe's most valuable stock market, surpassing the Paris Stock Exchange ...
Asian Stocks Decline Amid Political Uncertainty and Central Bank Anticipation
Asian stocks fell as investors parsed the potential impact of political volatility in France and elsewhere, while awaiting policy decisions ...
Spot Ethereum ETFs Poised to Revolutionize Cryptocurrency Investment Landscape
The United States Securities and Exchange Commission (SEC) has announced its intention to permit the trading of spot Ethereum exchange-traded ...
The Dollar’s Days Are Numbered: Over $70B in Trade Breaks Free
"Buckle up, folks! The dollar's dominance is under attack, and the global economy is about to get a whole lot ...
Russian Central Bank Announces Chinese Yuan as Primary Foreign Currency
Moscow, Russia - The Central Bank of the Russian Federation (CBR) has officially designated the Chinese yuan as the primary ...
Nigeria’s Inflation Soars to Highest Level in Decades
Nigeria's inflation rate has skyrocketed to a staggering 33.95%, the highest level in 28 years, according to official data released ...
Nigerian Equities Market Experiences Significant Decline, Investors Lose N206 Billion
Lagos, Nigeria - The Nigerian equities market experienced a significant decline on Friday, with investors losing a total of N206 ...
MicroStrategy Plans to Raise $500 Million to Boost Bitcoin Holdings
Business intelligence firm MicroStrategy has announced plans to raise $500 million through the sale of its class A common stock, ...
MoonPay Announces Strategic Collaboration with PayPal for Cryptocurrency Purchases
MoonPay, a global digital asset payment provider, has announced alliance with PayPal, a leading online payment processor, to enable users ...
Central Bank of Nigeria Spends $2.2 Billion on Debt Servicing in 5 Months
The Central Bank of Nigeria (CBN) has spent a staggering $2.2 billion on debt servicing in the first five months ...
The World Bank confirms 3.3% GDP growth prediction for Nigeria
The World Bank reaffirmed its 3.3% economic growth prediction for Nigeria in 2024, saying the country's economy was slightly upbeat ...
Stocks Slip as Banking and Tech Sectors Feel the Pinch
Stocks fell from all-time highs, with a slide in banks leading the decline, as investors positioned themselves for the US ...
China Considers Proposal to Stabilize Slumping Stock Market
China's securities regulator is considering a package of measures to stabilize the slumping stock market, sources familiar with the matter ...
Nigeria’s Current Account Balance Shows Resilience, Reaches $1.432 Billion In 2024
Despite the prevailing economic downturn in Nigeria, the country's current account balance has demonstrated a remarkable surge, reaching a substantial ...
We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.