Breaking news and insights at nationalcourrier.com
Moody’s upgraded Nigeria’s credit rating from ‘Caa1’ to ‘B3’ due to significant improvements in external and fiscal positions. The country’s economy is experiencing its fastest growth in nearly a decade, …
Moody’s Upgrades Nigeria’s Rating to ‘B3’ Amid Improved Economic Indicators Read More
Zimbabwe’s banking sector is facing a serious liquidity crisis as wealthy individuals hoard billions outside the formal system. Dr. Sibongile Moyo of BAZ highlights that much of the country’s wealth …
Cash-Hoarding Cripples Zimbabwe Banking Sector Read More
President Bola Tinubu’s proposed foreign loans could push Nigeria’s public debt from N144.67 trillion to over N182.91 trillion by 2026. Economists express concerns over sustainability and debt management as Nigeria’s …
Nigeria Faces Debt Surge with Fresh $24bn Borrowing Proposal Read More
The South African rand weakened to 17.9225 per dollar on Tuesday ahead of the SARB’s expected interest rate cut to 7.25%. Inflation remains below the target range, and recent economic …
South African Rand Weakens Amid Anticipation of Interest Rate Cut Read More
Argentina has announced its first peso-denominated debt sale in nearly a decade, aiming to raise up to $1 billion. This sale is critical for boosting foreign reserves and meeting IMF …
Argentina Unveils First Peso-Denominated Debt Sale in Nearly a Decade Read More
The BEAC injected 320 billion CFA francs into CEMAC’s banking system, falling short of the 540.9 billion CFA francs requested by banks. This move followed a policy rate cut intended …
BEAC’s 320 Billion CFA Franc Injection: A Quench for Banks’ Liquidity Thirst? Read More
Barclays revised its U.S. growth forecast to 0.5% for 2025 due to eased U.S.-China trade tensions. The eurozone forecast improved to flat growth, though uncertainties remain. Overall, Barclays does not …
Barclays Upgrades U.S. Growth Outlook, Cites Easing Trade Tensions Read More
With only five months until Argentina’s midterm elections, President Javier Milei is focusing on strengthening the peso as a key campaign strategy. His administration has lifted some currency controls, introduced …
Milei Strengthens Peso Strategy Ahead of Critical Midterm Elections Read More
MercadoLibre’s first-quarter earnings surged, with a 44% profit increase to $494 million. Total revenues reached $5.9 billion, exceeding forecasts. Argentina saw a remarkable GMV growth of 126%, solidifying its status …
MercadoLibre Reports Strong Q1 Earnings Boosted by Argentine Market Growth Read More
YPF reported a net loss in Q1 due to increasing debt and operational costs. Despite an expected $8 billion surplus in Argentina’s energy trade balance, analysts warn of ongoing risks …
YPF Reports Net Loss Amid Rising Costs and Debt Concerns Read More