Tag: Angola

Finance

CBN, Bank of Angola sign MoU to boost bilateral central banking

The Central Bank of Nigeria and the Bank of Angola on Thursday formally signed a Memorandum of Understanding aimed at fostering closer bilateral relations and significantly enhancing capacity in core central banking operations. The signing ceremony saw the Governor of the Bank of Angola, Mr. Manuel Tiago Diaz, and the Governor of the Central Bank […]

News

IMF cuts Angola’s 2025 growth forecast to 2.1%

The International Monetary Fund has lowered Angola’s 2025 growth forecast to 2.1 per cent, from 2.4 per cent previously, as weaker oil exports weigh on the economy. In its latest assessment released Friday, the IMF cautioned that Angola faces mounting debt-servicing risks and advised the government to scale back borrowing, cut spending, and allow more […]

Angola announces exit from OPEC
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Angola announces exit from OPEC

    By Wilson Adekumola   Angola has disclosed that it would leave OPEC over a disagreement on production quotas following the oil cartel’s decision last month to further slash output next year. Mineral Resources and Petroleum minister Diamantino Azevedo, who disclosed this on Thursday noted that the decision was not taken lightly, but OPEC […]