Finance
South Africa’s Central Bank Cuts Interest Rates as Inflation Reduces Beyond Expectations
South Africa’s central bank has reduced its benchmark interest rate by 25 basis points to 8 per cent, marking the first rate cut...
Gombe Teaching Hospital Bans Crypto ‘Mining’, Trading During Work Hours Due To Negligence Complaints By Patients
The Federal Teaching Hospital, Gombe, has officially prohibited its staff from engaging in cryptocurrency trading during work hours. This was announced in a...
Gunshots Fired as EFCC Attempts to Arrest Ex-Gov. Yahaya Bello at Kogi Governor’s Lodge
Operatives of the Economic and Financial Crimes Commission (EFCC) clashed with security personnel at the Kogi State Governor’s Lodge in Asokoro, Abuja, on...
South Africa’s Inflation Falls to 4.4% in August, Interest Rate Cut Expected
South Africa’s annual inflation rate fell to 4.4 per cent in August, down from 4.6 per cent in July. This marks the first...
Kenya Begins National Debt Audit To Ascertain Country’s Debt
Kenya’s Finance Minister, John Mbadi, has announced the Auditor General has begun examining the country’s debt records to ascertain amounts owed to the...
Just In: Nigeria’s Inflation Slightly Drops to 32.15% in August, Remains High Year-on-year
Nigeria’s headline inflation rate fell to 32.15 percent in August 2024, down from 33.40 percent in July. This marks the second consecutive month...
Sweden to Offer Immigrants $34,000 to Return Home
Sweden has announced it will increase grants to $34,000 for immigrants who will return to their home countries. Starting in 2026, those who...
Uganda’s Oil Production Set to Boost Economic Growth – IMF
The International Monetary Fund (IMF) has projected that Uganda’s economy will grow by 10.8 per cent in the fiscal year 2025/2026. This forecast...
U.N. Resumes Talks To Settle Libya’s Central Bank Dispute After Oil Production Halt
The U.N. mission in Libya is set to resume talks between rival factions in Tripoli on Wednesday. The discussion is to address political...
FG Denies Increasing VAT to 10%, Says It Remains at 7.5%
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has denied reports circulating that the Federal Government has increased the...
FG Directs Opay to Introduce N50 Electronic Transfer Levy on Transactions Above N10,000
Starting September 9, 2024, OPay, a fintech company in Nigeria, will implement a one-time fee of N50 on electronic transfers of N10,000 and...
China Commits $51 Billion To Africa, Pledges One Million Jobs
China has pledged 360 billion yuan ($50.7 billion) in funding to Africa, the creation of up to 1 million jobs, and support for...