02/21/2024

Herbert Wigwe and the story of Nigerian banking

They complained that Nigerians were charged higher rates of interest when they managed to get loans and that they were third in the pecking order after European and Levantine traders.

02/20/2024

Fitch rates Nigerian banks stable

Fitch affirmed the banks’ ratings of Long-Term IDR at ‘B-’ as well as the National Long-Term Ratings with Stable Outlooks.

02/15/2024

South Africa just muddling along

Although inflation encouragingly moderated to 5.1% in December, some near-term upward pressures will lead to a short-term downward trend in the inflation indicators

02/14/2024

Many of Ghana’s laws are outmoded – Prof. Atuguba

He said since the laws, including the Bills of Exchange Act, 1961 (ACT 55), were passed years ago, there had been significant developments which required that new laws were passed to align with current trends but that had not been done.

02/02/2024

South Africa just puttering along

This aligns with the International Monetary Fund, which dropped its growth outlook for South Africa in 2024 from 1.8% to 1.0%.