Finance
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...
Swiss Central Bank Cuts Interest Rates For Second Time This Year
The Swiss National Bank (SNB) has cut its key interest rate for the second time this year, reducing it by 25 basis points...
UK’s Inflation Hits 2% Target for First Time in Three Years
The UK’s inflation rate has reached the Bank of England’s target of 2% for the first time in nearly three years, according to...
Public Pressure Makes Kenyan Govt. Drop Proposed Taxes On Bread, FX, More
Kenya’s government has amended the controversial Finance Bill 2024 and retracted several proposed tax hikes. This was in response to widespread opposition and...
Nigeria’s FG Debt To World Bank Soars By $4.95bn In 12 Months, Total Debt Reaches N101tn
Nigeria’s public debt has surged by $4.95 billion in loans from the World Bank over the past 12 months, escalating the nation’s total...
Ghana’s GDP Growth Hits 4.7% In Q1 2024, Fastest In Two Years
Ghana’s economy experienced its fastest growth in over two years, with GDP increasing by 4.7% in the first quarter of 2024. This marked...