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AfDB Launches Debt Managers’ Initiative as 13 African Nations Face Debt Distress

‍The African Development Bank (AfDB) has inaugurated the African Debt Managers Initiative Network (ADMIN) to address growing debt challenges in Africa. This move...

Nigeria's Inflation is Not Looking Good, NBS 2024 Report Shows
FinanceNews

Nigeria’s Inflation Soars to 33.95% in May 2024 – NBS

Nigeria’s inflation rate has surged to 33.95% in May 2024, up from 33.69% in April, according to the latest data from the National...

The Federal High Court in Abuja has adjourned the trial concerning money laundering allegations against Binance Holdings Limited and two of its executives, Tigran Gambaryan and Nadeem until May 17th.
FinanceNews

FG Drops Tax Evasion Case Against Binance’s Gambaryan

The Federal Government has officially discontinued the prosecution of Tigran Gambaryan, one of the Binance executives accused of tax evasion by the authorities....

Elon Musk's AI startup secures $6 billion for market growth
FinanceNews

Tesla Shareholders Approve Musk’s Huge $44 Billion Pay Package 

‍Tesla shareholders have approved Elon Musk’s massive compensation package, now worth $44 billion. Despite opposition from some large institutional investors and proxy firms,...

FinanceWorld

G7 Leaders Pledge $50 Billion Loan To Ukraine From Frozen Russian Assets

Leaders from the Group of Seven (G7) nations have announced a landmark agreement to provide Ukraine with a $50 billion loan from frozen...

FinanceNews

Moscow Exchange Suspends Dollar, Euro Trading Amid New U.S. Sanctions

The Moscow Exchange halted trading in U.S. dollars and euros on Thursday following new U.S. sanctions aimed at disrupting Russia’s financial capabilities in...

On Tinubu's Directives, NNPC Drops Case Against ExxonMobil's $1.3bn Assets Sale to Seplat Energy
FinancePolitics

On Tinubu’s Directives, NNPC Drops Case Against ExxonMobil’s $1.3bn Assets Sale to Seplat Energy

The Nigerian National Petroleum Company (NNPC) has reportedly withdrawn its lawsuit against ExxonMobil three weeks after President Bola Tinubu’s decisive directives, which were...

Nigeria Niger Tinubu
FinanceNews

Nigerian Lawmakers Push for New Presidential Aircraft Amid Economic Crisis, Sparking Public Outrage

Amid Nigeria’s deepening economic crisis and widespread suffering among its citizens, lawmakers are pushing for the urgent purchase of new aircraft for President...

BlackRock's iShares Exits Nigeria Over Unprofitable Business Environment
FinanceNews

BlackRock’s iShares Exits Nigeria Due to Unprofitable Business Environment

BlackRock, the world’s largest manager of $10 trillion assets, announced closure and its decision to liquidate its iShares exchange-traded funds (ETFs) worth $400...

FinanceNews

El Salvador Government Burns $67 Million Worth of Seized Cocaine

El Salvador authorities have burned a massive 2.7-ton pile of cocaine worth an estimated $67.5 million. The drugs were incinerated in Ilopango, just...

Diageo Sells Stakes in Guinness Joining Multinationals Exiting Nigeria
BusinessFinance

Diageo Sells Stakes in Guinness, Joining Multinationals Exiting Nigeria

On Tuesday, Diageo announced the decision to sell majority stakes in its subsidiary Guinness Nigeria to Tolaram Group, becoming the latest multinational to...

NNPC Denies Allegations of Inflating Fuel Subsidy by N3.3 Trillion
FinancePolitics

NNPC Denies Allegations Of Inflating Fuel Subsidy By N3.3 Trillion

The Nigerian National Petroleum Company Limited (NNPCL) has denied the allegations that it inflated Premium Motor Spirit (PMS/Fuel) subsidy claims by N3.3 trillion...