Finance
Greece Government Introduces Six-Day Workweek To ‘Encourage Productivity’
Greece has become the first European Union country to introduce a six-day working week in an acclaimed effort to improve productivity and employment....
Turkey Records First Decline in Inflation in Eight Months
Turkey’s inflation rate has declined for the first time in eight months, according to official data published on Wednesday. This decline reportedly followed...
World Bank Grants $208 Million for Zambia Drought Relief
The World Bank has approved a $208 million grant to help Zambia cope with the severe social and economic effects of the ongoing...
Nigeria’s Capital Imports Surged By 210% in Q1 2024
Ngeria’s capital importation rose dramatically by 210.16% in the first quarter of 2024 compared to the previous quarter, reaching $3.38 billion, according to...
Bitcoin Surges Above $63,000 For The First Time In A Week
Bitcoin has recently surged past $63,000, marking a 5% increase in 24 hours. This significant rise, which had sparked enthusiasm in the crypto...
Circle Secures Licence To Issue USDC, EURC In EU Nations
Circle, a leading stablecoin issuer, has become the first global company to receive an Electronic Money Institution (EMI) licence under the European Union’s...
Nigeria’s Debt Rises To ₦121 Trillion For The First Time Ever – DMO
Nigeria’s Debt-to-Gross Domestic Product (GDP) ratio has surpassed 50% for the first time as the Debt Management Office (DMO) released a report on...
SERAP Gives CBN 7 Days To Explain Missing N100bn, Unfinished Projects
Socio-Economic Rights and Accountability Project (SERAP) has urged Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), to account for the over...
IMF Approves $360 Million For Ghana After Second Review
On Friday, the International Monetary Fund (IMF) approved the second review of Ghana’s $3 billion loan program, allowing an immediate release of approximately...
Nigeria’s Public Debt Soars to N121.67 Trillion Due to Naira Devaluation
Nigeria’s Debt Management Office (DMO) has announced a significant rise in the nation’s total public debt, which now stands at N121.67 trillion (approximately...
Femi Otedola Increases Stake By N18.9bn, Becomes First Bank’s Largest Shareholder
Nigerian billionaire Femi Otedola has emerged as the largest shareholder of FBN Holdings, increasing his stake to 9.41%. This move came after Otedola...
German Govt. Agency Transfers Bitcoin Worth Over $400 Million, Sends Some To Crypto Exchanges – Arkham
A German government agency has transferred a significant amount of Bitcoin, valued at $425 million, to another wallet and various crypto exchange deposit...