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FBI Arrests Kingsley Inegbedion For $1.5 Million Fraud; Accomplice Efemena Igbe Flees To Nigeria

The Federal Bureau of Investigation (FBI) has charged Nigerian tech entrepreneurs Kingsley Inegbedion and Efemena Igbe with a 16-count indictment for internet fraud...

FinanceWorld

Ghana Records Significant Reduction In Number Of Youths Not In Education, Employment, Or Training 

Ghana recorded a significant reduction in the number of youths not in education, employment, or training (NEET) in the third quarter of 2023....

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Binance Executive Gambaryan Appears In Court In Wheelchair

Binance Holdings Limited executive Tigran Gambaryan was brought to the Federal High Court in Abuja on Tuesday in a wheelchair. Gambaryan faces money...

FinanceWorld

ECOWAS Provides Humanitarian Aid To Benin’s 2022 Flood Victims

The Economic Community of West African States (ECOWAS) has begun providing humanitarian aid to victims of the 2022 floods in Benin. The project,...

FinanceNews

Sri Lanka Slashes Electricity Tariffs By Over 22.5%

The Public Utilities Commission of Sri Lanka (PUCSL) has approved a substantial reduction in electricity tariffs. Effective midnight on July 15, 2024, electricity...

FinanceNews

CBN Sidelines BDCs From $122.67M Forex Allocation, Association Head Says

The Central Bank of Nigeria (CBN) has sidelined Bureau De Change (BDC) operators from its latest allocations. This was disclosed by Aminu Gwadebe,...

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Nigerian Govt. Spends N16bn On Forex For International Trips In One Year

The Tinubu-led administration has spent about N16.06 billion on foreign currencies for international trips from June 2023 to May 2024. This is according...

FinanceNews

Nigeria’s Inflation Hits New High Of 34.19% Due To Escalating Food Prices  

Nigeria’s inflation rate reached a new high of 34.19% in June 2024, according to the data published by the National Bureau of Statistics...

FinanceWorld

U.S. Inflation Drops To 3% In June As Gas Prices Fall

The U.S. inflation rate decreased to 3.0% in June due to falling gas prices, which reportedly offset rising housing costs. The latest data...

FinanceNews

Ghana’s Inflation Hits Two-Year Low At 22.8% In June

Ghana’s inflation rate fell to 22.8% in June 2024, continuing a downward trend from 23.1% in May. June’s inflation rate is the lowest...

FinanceWorld

Burkina Faso’s Prime Minister Questions Impact Of IMF’s Interventions

Burkina Faso’s Prime Minister, Apollinaire de Tambèla, has expressed concerns about the effectiveness of the International Monetary Fund’s (IMF) interventions in the country....

The Nigerian Senate on Thursday amended several bills establishing regional development commissions, approving a measure to allocate 15 percent of state governments' statutory allocations to support the funding and management of these commissions.
FinanceNews

Food Scarcity: Nigerian Senate Urges FG To Act, Says ‘Patience Is Not Eternal’  

The Nigerian Senate has urgently called upon the federal government to address the worsening food crisis gripping the nation. The Senate’s resolution, on...