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Abia State Approves N70,000 Minimum Wage for Civil Servants Starting October
Abia State civil servants will start receiving a new minimum wage of N70,000 in October 2024, according to an announcement by the state...
FinanceNews
Sacked CBN Officials Take Legal Action, Demand Reinstatement Following Unlawful Dismissal
Former officials of the Central Bank of Nigeria (CBN), whose appointments were terminated in March, have taken legal action against the bank. The...
FinanceNews
EFCC Re-arraigns Ex-Kwara Governor and His Finance Commissioner Over N5.78bn Fraud
The Economic and Financial Crimes Commission (EFCC) re-arraigned former Kwara State Governor Abdulfatah Ahmed and his ex-Commissioner of Finance, Ademola Banu, on Monday....
FinanceNews
Liberia: Central Bank Lowers Interest Rate From 18.5 Per Cent To 17 Per Cent, Anticipates Economic Stability
The Central Bank of Liberia (CBL) has reduced its Monetary Policy Rate (MPR) from 18.5 per cent to 17 per cent following a...
FinanceNews
Nigeria Approves ExxonMobil’s $1.28 Billion Asset Sale to Seplat
Nigeria has approved the sale of ExxonMobil’s onshore assets to Seplat Energy, according to Reuters. The $1.28 billion deal had been under regulatory...
FinanceNews
Nigeria’s FG Proposes 5% Excise Duty on Telecoms, Gambling, and Gaming Activities
The Nigerian government has proposed a 5 per cent excise duty on telecommunications, gambling, and gaming services. This proposal is included in the...
FinanceNews
Mali To Settle Internal Debt To Stabilise Economy, Attract Investors
Mali is set to begin settling its internal debt next week, with plans to complete payments by December 31, 2024. The announcement was...
FinanceNews
De-dollarization: BRICS Unveils Demo Card for New Payment System Ahead of 2024 Summit
BRICS nations have unveiled a demo version of their new BRICS Pay payment system at the BRICS Business Forum in Moscow. Participants received...
FinanceNews
Naira Listed Among Worst Performing Currencies in Africa – World Bank
The naira has been listed as one of the worst-performing currencies in Sub-Saharan Africa for 2024. This is according to the World Bank’s...
FinanceNews
Nigeria’s Inflation Surges to 32.70% in September, as Petrol Prices Rise
Nigeria’s inflation rate in September 2024 rose to 32.70 per cent, an increase from 32.15 per cent in August. This is according to...
FinanceNews
Kenya to Begin Real-Time Monitoring of Crypto Transactions for Tax Collection
The Kenya Revenue Authority (KRA) is set to introduce a new tax system that will enable it to track cryptocurrency transactions in real-time....
FinanceNews
DR Congo Halts Licensing Process for 27 Oil Blocks
The Democratic Republic of Congo (DRC) has halted the licensing process for 27 oil blocks, launched in 2022. This was announced through a...