Finance

EU Circle Licence
FinanceNews

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 N121 Trillion For The First Time Ever - DMO
FinancePolitics

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...

FinanceNews

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...

FinanceWorld

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...

Tinubu's Cabinet on Niger Delta Affairs Paid ₦2.7bn To Private Account As 'Bulk Stipends' Violating Public Sector Regulations
FinanceNews

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
FinanceNews

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...

FinanceNews

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...

FinanceNews

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...

FinanceNews

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...

FinanceNews

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...

President Bola Tinubu
FinanceNews

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...

FinanceNews

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...