Finance
From Q4 2023 to Q1 2025: Lagos State Tops Domestic Debt Chart with ₦874bn, as Jigawa Shrinks to ₦1bn
Despite generating the highest internally generated revenue in Nigeria, Lagos State continues to lead the country in domestic debt, with its burden standing...
Nigerian Banks Resume International Transactions on Naira Cards After Years of Suspension Under Buhari’s APC Administration
After nearly three years of suspension on international transactions using naira-denominated debit cards, Nigerian banks have resumed these transactions, bringing relief to customers...
Tinubu’s Government Delays Release of Signed Tax Acts to the Public
Four days after President Bola Tinubu announced the signing of four tax bills into law, the federal government has yet to release the...
DR Congo, Rwanda to Sign US-Mediated Peace Deal
The Democratic Republic of Congo (DRC) and Rwanda are set to sign a peace agreement in Washington, D.C., on Friday, June 27, following...
Missing ₦210tn: Nigerian Senate Rejects NNPCL’s Retreat Excuse, Gives 10-Day Ultimatum to Appear Before Probe Panel
The Nigerian National Petroleum Company Limited (NNPCL) on Thursday failed to appear before the Senate Committee on Public Accounts, which is probing alleged...
Mali and Russia Sign Strategic Agreements in Gold, Energy, and Agriculture Sector
Mali has signed agreements with Russia toward economic transformation following a high-level meeting between Malian Minister of Economy and Finance, Alousséni Sanou, and...
Burkina Faso to Recover $59 Million Lost to Public Sector Corruption
The government of Burkina Faso, led by Captain Ibrahim Traoré, has vowed to take firm action to recover over 33 billion CFA francs...
Niger Seizes Control of French-Operated Somair Uranium Mine from Orano
Niger’s government has announced the nationalisation of Somaïr, a uranium mining venture operated by French nuclear energy company Orano. The announcement was made...
Mali Temporarily Seizes Loulo-Gounkoto Mine, One of the World’s Largest, Amid Tax Dispute With Barrick Gold
A court in Mali has placed Barrick Gold’s Loulo-Gounkoto mining complex under provisional administration for six months. The move follows a long-running tax...
Nigerian Senate Uncovers Over ₦200trn “Missing” in NNPC’s Financial Reports
The Nigerian Senate Committee on Public Accounts has raised alarm over what it describes as “mind-boggling and worrisome” financial discrepancies involving trillions of...
Following Trump’s Tariff Threats, China Announces Plan to Remove All Import Tariffs for African Countries
China has announced plans to remove all import tariffs for African countries it maintains diplomatic relations, as part of efforts to strengthen trade...
Nigeria: NGO Accuses SGF, George Akume, of Contract Fraud, Abuse of Office, and Massive Diversion of Public Funds
The Network Against Corruption and Trafficking (NACAT) has accused the Secretary to the Government of the Federation (SGF), Senator George Akume, of awarding...