Finance

Tinubu Reshuffles Cabinet
FinanceNews

As Nationwide Protests Intensify, FG Reportedly Disburses ₦570bn To State Governments For Citizens 

The Federal Government of Nigeria has announced the release of ₦570 billion to citizens across all 36 states. President Bola Tinubu made this...

Nigeria's Dollar Bonds
FinanceNews

#EndBadGovernance: Nigeria’s Dollar Bonds Reach New Lows As Investors Get Wary

Nigeria’s sovereign bonds are among the worst-performing emerging-market assets, Bloomberg reported on Friday. When dollar bonds fall in value, it indicates a rise...

FinanceNews

Otedola Supports Windfall Tax, Tells Banks To Cut Down On Millions Spent On Private Jets

Femi Otedola, the chairman of (First Bank of Nigeria) FBN Holdings, has strongly supported the Nigerian government’s proposed windfall tax on banks’ foreign...

FinanceNews

Senate Hurriedly Approves Bill To Increase Central Bank’s Ways And Means Lending To FG

The Nigerian Senate and House of Representatives have passed a bill to raise the borrowing limit for the Central Bank of Nigeria (CBN)...

FinanceNews

Reps Committee Queries MOFI Over Unauthorized Spending

The House of Representatives Committee on Public Assets has queried the Ministry of Finance Incorporated (MOFI) for spending funds without budgetary authorisation. During...

Liberia Central Bank Governor
FinanceNews

Liberia: Bokai Suspends Central Bank Governor For Exceeding Approved Expenditure Limits By $19.31m, Other Audit Findings

President Joseph Boakai has suspended Aloysius Tarlue, the Central Bank of Liberia (CBL) governor, following an audit by the General Auditing Commission (GAC),...

Dollars Laundered In Nigeria
FinanceNews

Hundreds Of Thousands Of Dollars Are Laundered Out of Nigeria Daily – INTERPOL 

The International Police Organisation (INTERPOL) has disclosed that hundreds of thousands of dollars are laundered out of Nigeria regularly. Garba Baba Umar, INTERPOL’s...

Ethiopia's Birr Currency Devalues By 30% As Central Bank Floats It
FinanceNews

Ethiopia’s Currency Devalues By 30% As Central Bank Floats It to Secure IMF Loan

On Monday, Ethiopia’s central bank floated the birr, leading to a 30 per cent devaluation against the US dollar. The currency now stands...

SERAP Sues CBN Over Missing N100bn Dirty Naira Notes
FinanceNews

SERAP Sues CBN Over Missing N100bn Dirty Naira Notes

The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against the Central Bank of Nigeria (CBN) over its alleged failure to...

Nigeria $500M Bonds
EditorialFinanceNews

Alert: FG To Borrow $500M In Foreign Currency Bonds From Nigerians Abroad, Debt Crisis May Worsen

The Nigerian government has announced plans to issue $500 million in domestic foreign currency-denominated bonds within three to four weeks. Wale Edun, the...

The General Auditing Commission has released a compliance audit report showing massive financial irregularities at the Central Bank of Liberia covering January 1, 2018, to December 31, 2023.
FinanceNews

Financial Irregularities Uncovered At Central Bank of Liberia, Says GAC Report

The General Auditing Commission has released a compliance audit report showing massive financial irregularities at the Central Bank of Liberia (CBL) covering January...

FinanceFood

Jollof Price Surge: Nigeria’s Cost Soars 19.6%, Ghana Sees Relief

According to a report by SBM Intelligence on Thursday, Nigeria’s food inflation is alarming as the cost of making traditional dishes like jollof...