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Politics

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Politics

IFC, Citigroup launch $98m facility to cut currency risk in South Africa

The International Finance Corporation and Citigroup have agreed on a 1.6 billion rand borrowing facility to expand local currency financing in South Africa, according to Reuters. The deal is aimed at helping businesses access funding in rand rather than foreign currencies, reducing the risks that come with exchange rate swings. In many developing economies, companies […] read more IFC, Citigroup launch $98m facility to cut currency risk in South Africa

Business Day Nigeria4/16/2026
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Politics

“South has had 18 years, North 10”, Atiku rejects southern presidency argument 

Atiku Abubakar, former vice president, has reignited Nigeria’s zoning debate ahead of 2027, arguing that the North has spent fewer years in power than the South and questioning claims that it is automatically the South’s turn to produce the next president.  In an interview on Arise News on Wednesday, Atiku challenged the prevailing political narrative […] read more “South has had 18 years, North 10”, Atiku rejects southern presidency argument

Business Day Nigeria4/16/2026
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