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Finance
FinanceNews
Schengen Visa Fees Increased by 12% for Non-EU Citizens Starting June 11
Non-European Union citizens applying for a Schengen visa will see an increase in fees starting June 11, 2024. The European Commission announced that...
FinanceNews
Nigeria’s Economy To Hit $1.85 Trillion By 2029, But To Fall From Largest To Fourth In Africa -IMF
The International Monetary Fund (IMF) has predicted that Nigeria’s economy will reach $1.85 trillion by 2029 in terms of Purchasing Power Parity (PPP)....
FinanceNews
European Central Bank To Cut Rates For First Time Since 2019
The European Central Bank (ECB) is set to announce a reduction in interest rates at its meeting in Frankfurt, Germany on Thursday. This...
FinanceNews
Naira Left Out Of IMF’s June Currency List
The Naira has been omitted from the International Monetary Fund’s (IMF) Representative Exchange Rates for Selected Currencies for June 2024. This exclusion shows...
FinanceNews
CBN and NDIC Face Criticism Over Heritage Bank Liquidation as Depositors Demand Full Refund
The Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation (NDIC) have come under fire from Heritage Bank depositors following the revocation...
FinanceHuman Rights
Access Bank Allegedly Loses Over N75M Of Customers Money To ‘Network Glitch’
On May 26, Uchechukwu Innocent, an Onitsha-based businessman, received a total inflow of $49,718 in his Access Bank domiciliary accounts through Access Bank...
FinanceNews
Labour Party Advices Re-negotiation, Says ₦494,000 Minimum Wage Demand Unrealistic
The Labour Party has urged workers’ unions to reconsider their indefinite strike and re-negotiate with the government for a new minimum wage. This...
FinanceNews
Strike: NLC, PASAN Cuts Water Supply To National Assembly
The water supply to the National Assembly complex has been cut by members of the Parliamentary Staff Association of Nigeria (PASAN), an affiliate...
FinanceNews
CBN Revokes Heritage Bank Plc’s License Due to Financial Instability
The Central Bank of Nigeria (CBN) has announced the immediate revocation of the banking license of Heritage Bank Plc, citing breaches of financial...
FinanceNews
Lagos Ends 25% Discount on Public Transport Fare
The Lagos Metropolitan Area Transport Authority (LAMATA) has announced that the 25% discount on fares for regulated public buses, ferries, and train services...
FinanceNews
Pandemic Impact: Global Debt Reaches New Record High Of $315 Trillion
A recent report from the Institute of International Finance (IIF) reveals that global debt has reached $315 trillion, marking the most significant, quickest,...
FinanceWorld
Kenyan President Defends Cost of Private Jet for U.S. Trip
Kenyan President William Ruto defended the cost of hiring a private jet for his trip to the United States, stating it was $76,000,...