Finance
NDIC Commences Payout to Heritage Bank Depositors with Balances Above N5 Million
The Nigeria Deposit Insurance Corporation (NDIC) has initiated payments to Heritage Bank depositors with balances exceeding N5 million. This follows the Central Bank...
Kano APC Has Called Tinubu To Arrest Me For Informing Northerners – Satirist Dan Bello
Bello Galandanchi, popularly known as Dan Bello through his satirist skitmaking, has responded to the Kano Chapter of the All Progressives Congress (APC)...
Kano Government Files Fresh ₦57.4 Billion Fraud Charges Against Ex-Gov. Ganduje, 3 Others
The Kano State Government has filed new fraud charges against former Governor Abdullahi Ganduje, his Commissioner for Local Government, Murtala Garo, and two...
Mozambique’s Ex-Finance Minister Convicted in $2 Billion Fraud Scandal
Former Mozambican Finance Minister Manuel Chang has been convicted by a federal jury in Brooklyn, New York. This is owing to his role...
Ghana Opens First Gold Refinery To Boost Revenue
Ghana, Africa’s leading gold producer, opened its first commercial gold refinery on Thursday. The Royal Ghana Gold Refinery, situated in Accra, can refine...
Russia Legalizes Crypto Payments for International Trade to Counter Sanctions
Russia’s lower parliament has approved a new law allowing the use of cryptocurrencies for international payments. The law is set to take effect...
Egypt Capitalises On Falling Wheat Prices With Massive Purchase
Egypt’s state-run grain buyer, General Authority for Supply Commodities (GASC), has announced plans to buy up to 3.8 million tons of wheat through...
Uganda Central Bank Lowers Interest Rate to 10% As Inflation Outlook Improves
Uganda’s central bank has reduced its key lending rate by 25 basis points to 10 per cent, marking the first cut in a...
NIS Indefinitely Suspends Immigration Officer for Begging Traveler at Lagos Airport
The Nigeria Immigration Service (NIS) has indefinitely suspended an officer caught on camera begging a traveller for money at the Murtala Muhammed International...
Kenya Hires German Firm To Print Banknotes
Kenya Central Bank Governor Kamau Thugge said Kenya hired a German money printing firm to replace De La Rue, who exited in 2023...
The Gambia: Foreign Companies Paid Bribes To Evade Tax On Petroleum Imports, Lawmaker Alleges
A member of The Gambia’s National Assembly, Sainey Jawara, has alleged that some officials received 600,000 Gambian Dalasi ($8,600) monthly as bribes from...
EXCLUSIVE: Despite Fraud Investigation, CBN Approves Unity Bank Merger With Providus Bank, Provides Unexplained N700 Billion Bailout
The Central Bank of Nigeria (CBN) has approved the proposed merger between Unity Bank and Providus Bank, despite a lengthy fraud investigation that...