Finance

NYSC Increased allowance
FinanceNews

NYSC Finally Pays N77,000 Stipend After Six-Month Delay, but Is It Enough?

After months of delays, the National Youth Service Corps (NYSC) has finally begun paying corps members the increased monthly allowance of N77,000. This...

Ghana and Morocco to waive visa
FinanceNews

Ghana and Morocco to Remove Visa Restrictions, Expand Ties

Ghana and Morocco have agreed to waive visa requirements for all travellers between the two countries. The agreement is expected to be presented...

Oando and Guaracara Oil Refinery
FinanceNews

Oando Expands Abroad with Trinidad Refinery Lease, Stakeholders Raise Concerns Over Lack of Local Investment

Oando Plc’s decision to lease the Guaracara Oil Refinery in Trinidad and Tobago has raised concerns among stakeholders in Nigeria’s oil industry. The...

Gabon Debt World Bank
FinanceNewsWorld

Gabon Repays $29.8 Million Debt to World Bank

The government announced that Gabon has fully repaid its debt to the World Bank, amounting to 17.9 billion FCFA ($29.8 million). According to...

Investigative Journalist Anas Aremeyaw Anas
FinanceNews

US Court Awards Investigative Journalist Anas Aremeyaw Anas $18 Million in Defamation Case Against Former Ghanaian MP Agyapong

The Norbert Zongo Cell for Investigative Journalism in West Africa (CENOZO) has hailed the ruling of a United States court awarding $18 million...

Rivers State Budget
FinanceNews

Tinubu’s Appointee to Control Rivers’ ₦1.176trn Budget Following Emergency Rule

The Nigerian National Assembly approved President Bola Tinubu’s emergency declaration in Rivers State, transferring control of the state’s ₦1.176 trillion budget from elected...

In a ministerial meeting of the Confederation of Sahel States (AES) held in Bamako on January 16, 2025, key decisions emerging from the session include establishing a Regional Investment Bank and launching transformative infrastructure projects across member states.
FinanceNews

Confederation of Sahel States Investment Bank to Launch with Over $820m Initial Capital

The Confederation of Sahel States (CSS) has taken a significant step towards economic independence with the announcement of the Confederated Bank for Investment...

Customs undeclared Saudi Riyals
FinanceNews

Customs Seize Undeclared $1.1m, Saudi Riyals at Kano Airport, Seek Forfeiture

The Nigeria Customs Service (NCS) has intercepted undeclared foreign currency totalling $1,154,900 and 135,900 Saudi Riyals at Mallam Aminu Kano International Airport (MAKIA)....

Nigeria’s crude oil production
FinanceNews

Nigeria’s Crude Oil Output Drops to 1.46m bpd in February – OPEC

Nigeria’s crude oil production fell to 1.46 million barrels per day (bpd) in February, a 4.8 per cent drop from 1.53 million bpd...

FinanceNews

Beware: Fake FAO Job Scam Targeting Nigerians 

A concerned Nigerian has raised the alarm over a fraudulent job recruitment scheme impersonating the United Nations Food and Agriculture Organization (FAO). The...

Australian Resolute and Mali
FinanceNews

Mali to Partially Ease Restrictions on Mining Permits After Two-Year Ban

Mali has decided to partially ease restrictions on mining permits, allowing specific applications to be processed from 15th March 2025. The government initially...

FinanceNews

EFCC Arrests Four Chinese, 27 Nigerians for Illegal Mining in Jos

The Economic and Financial Crimes Commission (EFCC) has arrested 31 suspected illegal miners, including four Chinese nationals and 27 Nigerians, in Jos, Plateau...