News
Nigerian firms see relief as easing Middle East crisis cuts oil prices
16+ hour, 28+ min ago (445+ words) The easing of geopolitical tensions in the Middle East and the fall in global crude oil prices have brightened the outlook for Nigerian businesses, with companies betting that lower energy costs will ease operating expenses after months of grappling with…...
Africa's trade finance gap could widen to $86. 6bn as Middle East tensions linger
1+ mon, 6+ day ago (963+ words) The African Development Bank (Af DB) has warned that Africa's trade finance gap could widen to $86. 6 billion by 2027, with rising geopolitical tensions in the Middle East increasing energy prices and tightening global credit. The report, Trade Finance Supply in Africa:…...
S&P says Middle East war to hit African states" credit ratings
2+ mon, 1+ week ago (639+ words) The risk to African economies from the Middle East conflict is likely to worsen if the war drags on, given that many are net importers of oil, fuel and fertilisers, S&P Global said on Wednesday. In an assessment of…...