Finance

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Niger Introduces Death Penalty for Large-Scale Embezzlement of Public Funds

Niger’s transitional authorities have adopted a new penal code that significantly toughens penalties for the embezzlement of public funds, introducing life imprisonment and...

FinanceNewsWorld

Tinubu’s Nigeria Secures Another $1.25 Billion World Bank Loan as Debt Hits N159 Trillion

The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, marking...

FinanceNewsWorld

Seven Months Into 2026, No Sign of 2025 Budget Performance Report from Tinubu Administration

Seven months into the 2026 fiscal year, the Bola Tinubu administration has failed to publish Nigeria’s full-year 2025 budget performance report, raising fresh...

FinanceNewsWorld

FEC Approves N1.7 Trillion Sokoto-Badagry Highway, Hands Contract to Convicted Money Launderer Gilbert Chagoury

The Federal Executive Council (FEC) has approved N1.7 trillion for the construction of the Sokoto-Badagry Super Highway, a flagship infrastructure project under President...

BusinessFinanceNews

Nigeria’s Manufacturing Sector in Free Fall Years After Obasanjo’s Saturday Meetings Ended

When former President Olusegun Obasanjo held mandatory Saturday meetings with manufacturers at Aso Rock, the sessions served as a direct pipeline for industry...

FinanceNews

Taraba Governor Agbu Kefas Condemned for Slashing Street Sweepers’ Pay from N15,000 to N10,000 While Expanding Civil Service

Taraba State Governor Agbu Kefas has reduced the monthly allowance of street sweepers under the Operation Keep Taraba Clean programme from N15,000 to...

FinanceNews

Borno Government’s N4 Billion Rail Project Was No Administrative Error, Nigerians Say

Borno State Government’s claim that the inclusion of a N4 billion rail project in its 2025 Budget Implementation Report was an administrative error...

BusinessFinanceWorld

Guinea Bans Unrefined Gold Exports in Push for Local Processing, Following Zimbabwe’s Lithium Move

Guinea has imposed a ban on the export of unrefined gold, joining a growing list of African nations seeking to extract greater value...

FinanceNewsWorld

Ghana Records Africa’s Highest Lending Rate Despite Sharp Policy Rate Cuts, AfDB Report Shows

Ghana has been ranked as the African country with the highest lending rate despite recording significant reductions in its policy rate over the...

FinanceNewsWorld

Nigeria’s Revenue Surges 49% as Poverty Hits 63%, Exposing Deep Economic Contradiction

Nigeria’s tax revenue jumped 49 percent in the first five months of 2026, reaching N15.8 trillion, driven by sweeping tax reforms and new...

FinanceNewsWorld

Sierra Leone Shuts Down Only Privately Owned Indigenous Bank After Years of Failed Recovery

Sierra Leone’s central bank on Wednesday ordered the permanent closure of Union Trust Bank, the West African nation’s only privately owned indigenous commercial...

FinanceNewsWorld

Nearly 200,000 Nigerians Access Pension Savings Early Following Unemployment Under Tinubu Administration

Almost 200,000 Nigerian workers have been forced to withdraw from their pension savings over the past five years after losing their jobs. This...