Finance
We Don’t Have Written Communication On Suspension Of Import On Food Items – Nigerian Customs Tell Importers
The Importers Association of Nigeria (IMAN) have accused the Nigerian Customs of continuing to collect import duties on food items despite President Bola...
Newly Appointed PenCom Director Was Reportedly Sacked By First Bank Over N40bn Fraud
According to an exclusive report by Tech Cabal, over 100 employees were sacked in July 2024 over an N40 billion fraud engineered by...
Nigeria’s Public Debt Projected To Reach ₦130 Trillion By December 2024 – Afrinvest
A new report from investment management company Afrinvest has predicted that Nigeria’s public debt will rise to ₦130 trillion by December 2024. This...
As Nationwide Protests Intensify, FG Reportedly Disburses ₦570bn To State Governments For Citizens
The Federal Government of Nigeria has announced the release of ₦570 billion to citizens across all 36 states. President Bola Tinubu made this...
#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...