Finance
#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...
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...
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)...
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: 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),...
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 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
The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against the Central Bank of Nigeria (CBN) over its alleged failure to...
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...
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...
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...
FIRS Boss Pushes For 50% Windfall Tax On Banks, Says It’ll Balance Reduced Tax Revenue From Manufacturing Sector
On Monday, Finance Minister Wale Edun and Federal Inland Revenue Service (FIRS) Chairman Zacch Adedeji appeared before the Senate Committee on Finance to...