Finance

EFCC Yahaya Bello Wanted
FinanceNews

Just In: EFCC Declares Yahaya Bello Wanted Over Alleged N80.2bn Fraud

The Economic and Financial Crimes Commission (EFCC) has declared the former governor of Kogi State, Yahaya Bello, wanted for offences relating to economic...

BusinessFinanceNews

CBN Reduces Banks’ Loan-to-Deposit Ratio to 50% 

The Central Bank of Nigeria (CBN) has slashed banks’ Loan-to-Deposit Ratio (LDR) from 65% to 50% to enhance lending to the real sector...

BusinessFinanceNews

CBN reduces commercial banks access to loans by 50%

The Central Bank of Nigeria (CBN) has reduced the loan-to-deposit ratio (LDR) for commercial banks from 65% to 50% as a means to...

BusinessFinanceNews

Wema Bank Reports Fraud Losses Amid Impressive Growth for 2023

Wema Bank, a Nigerian tier-2 financial institution holding ₦1.8 trillion ($1.6 billion) in consumer deposits, reported ₦685 million ($594,943) in fraud and forgery...

US announces 'Trade Bill' to compete with BRICS's growing presence in Sub-Saharan Africa
BusinessFinanceNewsPoliticsWorld

US announces ‘Trade Bill’ to compete with BRICS’s growing presence in Sub-Saharan Africa

The United States has introduced a trade bill to compete with the BRICS alliance in Sub-Saharan Africa. The Bill, African Growth and Opportunity...

BusinessFinanceNews

Vietnamese Real Estate Tycoon Sentenced to Death for $27 Billion Bank Fraud

Vietnamese real estate mogul Truong My Lan was sentenced to death by a court in Ho Chi Minh City, Vietnam, for her role...

BRICS: China and Russia Announces New Partnership Deal to foster de-dollarization plan
FinanceNewsWorld

BRICS: China, Russia Announce New Partnership Deal to foster de-dollarisation plan

Following the US sanctions on Russia and China, the BRICS members have announced a new partnership deal aimed at fostering a multipolar world....

US Prosecutors Target Luxury Apartment Owned to Congolese Ex-President's Daughter
FinanceNewsWorld

US Prosecutors Target Luxury Apartment Owned to Congolese Ex-President’s Daughter

The US authorities are looking to forfeit a $7.1 million luxurious apartment bought with embezzled public funds by the Family of Congo’s Ex-President,...

EFCC
FinanceNews

EFCC Warns Local Businesses Against Dollar Transactions, Threatens Arrest

The Economic and Financial Crimes Commission (EFCC) has warned establishments across Nigeria against accepting payments in dollars from local customers. The Chairman of...

El Salvador President, Bukele announces invitation offer to tender for cash
BusinessFinanceNewsWorld

El Salvador President, Bukele Launches Offer for External Debt Repurchase

El Salvador’s President Nayib Bukele announced on X (formerly Twitter) on Monday evening that the country has officially launched the purchase offer for...

EFCC sets to arraign Emefiele alongside co-defendant Omole on a fresh 26-count charge
FinanceNewsPolitics

EFCC sets to arraign Emefiele alongside co-defendant Omole on a fresh 26-count charge

The Economic and Financial Crimes Commission (EFCC) will on Monday 8th of April, 2024 arraign the embattled ex-CBN governor, Godwin Emefiele alongside his...

BusinessFinanceTechnology

PiggyVest CEO Hints at Potential IPO in Coming Years

PiggyVest, a leading Nigerian fintech firm, may be gearing up for a public offering in the near future, according to CEO Somtochukwu Ifueze....