Finance
Beyond Conferences and Commitments: Decoding Africa’s Industrial Dilemma
In 2024, we witnessed African leaders jet-setting from one summit or conference to another, in some cases summoned by the host state, and...
Coly Energy Acquires French-Owned TotalEnergies in Mali
Coly Énergie Mali, an energy company, has taken over TotalEnergies’ operations in Mali. The terms of this acquisition ensure that all 1,109 employees...
Nigeria’s Foreign Reserves Reduce by $359.81 Million in One Week
Nigeria’s foreign exchange reserves have dropped by $359.81 million in one week, settling at $40.56 billion on 13 January 2025. This decline came...
Court Denies Bail to El-Rufai’s Ex-Chief of Staff, ICPC to Arraign Three of his Aides for ₦64.8 Million Fraud
The Kaduna State High Court has denied bail to Bashir Sa’idu, a former Chief of Staff and Commissioner for Finance in Kaduna State....
DR Congo Sentences Three Chinese Nationals to Seven Years in Prison for Illegal Mining
A court in the Democratic Republic of Congo (DRC) has sentenced three Chinese nationals to seven years in prison for illegal mining. They...
Nigeria’s Inflation Rises for Fourth Consecutive Month, Hits 34.8% in December
Nigeria’s inflation rate rose to 34.8 per cent in December 2024. This is according to the latest Consumer Price Index (CPI) report released...
2025 Budget: FG Allocates ₦6.7 Trillion for ‘Emergency Expenses’ Amid Several Irregularities
Civil society groups and economic analysts have heavily criticized President Bola Tinubu’s proposed budget for 2025. Many believe it fails to address Nigeria’s pressing needs...
Mali Begins Seizing Gold Stock at Barrick Gold Site Amid Stricter Mining Rules
According to a memo obtained by Reuters, Mali’s government has begun seizing gold stock at Barrick Gold’s Loulo-Gounkoto site. Officials reportedly enforced the...
US to Repatriate $52.88M Linked to Ex-Nigerian Oil Minister Alison-Madueke
The United States and Nigeria have formally agreed to return $52.88 million linked to former Petroleum Minister Diezani Alison-Madueke and her associates. The...
Presidency Allocates ₦7.65 Billion for State House Vehicles in 2025 Budget, Despite Pledges to Cut Costs
The Nigerian Presidency has proposed ₦7.65 billion for the purchase of State House vehicles in the 2025 budget. The large allocation marks a...
Over 60 Stampede Deaths Recorded During Palliative Distributions in Nigeria Under Tinubu’s Administration
Stampedes during palliative distributions in Nigeria have left many dead and injured. Since President Bola Tinubu took office on 29 May 2023, at...
2025 Budget: Enugu Govt. Plans to Spend ₦10 Billion on CCTV Cameras, ₦5 Billion on Vehicles
The Enugu State Government has planned to spend ₦10 billion in 2025 on installing CCTV cameras across the state. The government said the...