Finance
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...
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,...
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...
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...
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...
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...
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....
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...
Ghanaian Cedi Slightly Depreciates, Trades At GH¢15.25 To One Dollar
The Ghanaian cedi has depreciated slightly against major currencies, trading at GHS15.65 per US dollar on Tuesday, July 9, 2024, according to Cedirates.com....
Bitcoin Price Crashes To $54,000 As Mt. Gox Payout Creates Fear
Bitcoin’s price has fallen below $54,000 after Mt. Gox moved $2.7 billion worth of BTC to a new address, leading to fears of...
Jeff Bezos To Sell $5 Billion In Amazon Shares As Stock Surges
Amazon founder Jeff Bezos has announced plans to sell another 25 million shares of the technology giant, valued at nearly $5 billion. This...
Just In: Ruto Orders Review of Salary Hikes for Ministers, State Officers Following Public Backlash
Kenyan President William Ruto, on Wednesday afternoon, called for an immediate review of the recent salary increases for state officers. This directive followed...