Finance
Zimbabwe’s ZiG Drops Over 40% After Exchange Rate Adjustments
Zimbabwe’s new currency, the ZiG, fell by over 40 per cent after the central bank adjusted the official exchange rate to match the...
Four Employees of Canadian Mining Firm Arrested in Mali for Financial Crimes
Four employees of Canadian mining company Barrick Gold were reportedly arrested in Mali earlier this week. The arrests come amid rising tensions between...
CBN Extends Suspension on Cash Deposit Fee to March 2025
The Central Bank of Nigeria (CBN) has extended the suspension of cash deposit fees to March 31, 2025. This was stated in a...
UNICEF Kano Manager Warns That Nigeria’s Little Investment in Education is Affecting Children’s Learning
UNICEF has called for increased investments in Nigeria’s primary education sector to tackle challenges like low enrollment and inadequate learning outcomes. Michael Banda,...
Libya’s Rival Factions Agree to End Central Bank Dispute, Oil Production to Resume
Libya’s rival factions have agreed to resolve a long-standing dispute over the leadership of the Central Bank of Libya (CBL). This move could...
Alert: US Oil Giant Exxon Plans $10 bn Lobito Corridor-Style Offshore Extraction Investment In Nigeria
ExxonMobil has announced a $10 billion investment plan in Nigeria’s offshore oil operations. Nigeria’s Vice President, Kashim Shettima, disclosed this during a meeting...
Sokoto Governor Approves Over N1.1 Billion for ‘Boats and Life Jackets for Flooded Communities’
The Sokoto State government has approved N1.1 billion to purchase motorised boats and life jackets for flood-prone communities across 22 Local Government Areas....
Naira Hits New Low of N1,670/$ After CBN Interest Rate Hike
The naira has dropped to a record low of N1,667.42 per dollar in the official market on Wednesday. This followed the Central Bank...
CBN Hikes Interest Rate to 27.25%, Marking 8.5% Increase Under New Leadership
The Central Bank of Nigeria (CBN) has voted to increase the Monetary Policy Rate (MPR), raising it from 26.75% to 27.25 %. Speaking...
Cote d’Ivoire Calls for Investments in Its Growing Cashew Industry
Kouassi Adjoumani, Minister of Agriculture, Rural Development, and Food Production, has called on local and international investors to tap into the growing cashew...
Naira Loses Over Half Its Value in Cardoso’s First Year as CBN Governor
The Nigerian naira has lost half its value in just one year. Data from the Central Bank of Nigeria (CBN) website shows that...
CBN Withdraws 2024-2025 Policy Guidelines Over ‘Misrepresentation’
The Central Bank of Nigeria (CBN) has temporarily withdrawn its publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the fiscal...