Finance
Customs Duty Exchange Rate Exceeds Official Rate Of N1581/$
The exchange rate utilised by the Nigeria Customs Service (NCS) for duties collection has surpassed the official closing rate of the Naira against...
Cardoso Warns High Interest Rates Will Persist If Inflation Keeps Rising
Yemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has cautioned that the CBN will keep interest rates high for longer if...
Finance Bill To Tax 50% Of Banks FX Gains Passes Second Reading
Nigeria’s Senate has passed for second reading a Bill seeking to amend the Finance Act 2023 and impose a “windfall” of 50 per...
Tinubu Requests N6.2 Trillion Increase in 2024 Budget
President Bola Tinubu has written to the National Assembly to consider and approve an augmentation of the 2024 appropriation act by N6.2 trillion....
Interpol Arrests 300 In Global Operation Against West African Crime Groups
The International Criminal Police Organisation (Interpol) has arrested 300 people, seized $3 million and blocked 720 bank accounts in a global operation targeted...
Ex-Goldman Banker Under House Arrest In U.S. For Alleged Bribery To Ghana Officials
Asante Berko, a former Goldman Sachs Group executive, has been brought from the United Kingdom to New York to face charges related to...
Address Cedi Depreciation, Leave Debates – Ghana MP Tells Vice President
John Jinapor, the Member of Parliament for Yapei Kusawgu, has called on Vice President Dr Mahamudu Bawumia to prioritise stabilising the Ghanaian Cedi...
Bangladesh Shuts Schools And Universities Following Job Quota Protests
Bangladesh has issued an indefinite closure order for all schools, universities, and Islamic seminaries following violent protests that resulted in the deaths of...
Over 800,000 out of 1m Cedis Missing From Sale of Application Forms For Ghana School Feeding Program, Report Says
The Ghanaian Auditor-General’s report for 2022 has revealed that the sum of GH¢831,776 from the sale of forms for selecting caterers for the...
Sitting U.S. Senator Found Guilty Of Corruption Charges, Called to Resign
United States Senator Robert Menendez has been convicted of all 16 federal corruption charges. This was after a New York jury deliberated for...
Cocoa: Ghana’s Cocobod Reports First Profit in Seven Years After Restructuring Debt
Ghana’s cocoa marketing board, Cocobod, has reported a profit of 2.3 billion cedis ($149.84 million) for the 2022/23 fiscal year, as revealed by...
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...