Finance
South Africa Expected To Maintain Interest Rate As Inflation Holds Steady In May
South Africa’s inflation rate remained steady in May, increasing the likelihood that the central bank will maintain its current interest rate. According to...
Sultan Of Sokoto Urges Nigerians To Embrace Farming To Alleviate Economic Hardship
The Sultan of Sokoto and president general of the Nigeria Supreme Council for Islamic Affairs (NSCIA), Sa’ad Abubakar, has called on Nigerians to...
AfDB Launches Debt Managers’ Initiative as 13 African Nations Face Debt Distress
The African Development Bank (AfDB) has inaugurated the African Debt Managers Initiative Network (ADMIN) to address growing debt challenges in Africa. This move...
Nigeria’s Inflation Soars to 33.95% in May 2024 – NBS
Nigeria’s inflation rate has surged to 33.95% in May 2024, up from 33.69% in April, according to the latest data from the National...
FG Drops Tax Evasion Case Against Binance’s Gambaryan
The Federal Government has officially discontinued the prosecution of Tigran Gambaryan, one of the Binance executives accused of tax evasion by the authorities....
Tesla Shareholders Approve Musk’s Huge $44 Billion Pay Package
Tesla shareholders have approved Elon Musk’s massive compensation package, now worth $44 billion. Despite opposition from some large institutional investors and proxy firms,...
G7 Leaders Pledge $50 Billion Loan To Ukraine From Frozen Russian Assets
Leaders from the Group of Seven (G7) nations have announced a landmark agreement to provide Ukraine with a $50 billion loan from frozen...
Moscow Exchange Suspends Dollar, Euro Trading Amid New U.S. Sanctions
The Moscow Exchange halted trading in U.S. dollars and euros on Thursday following new U.S. sanctions aimed at disrupting Russia’s financial capabilities in...
On Tinubu’s Directives, NNPC Drops Case Against ExxonMobil’s $1.3bn Assets Sale to Seplat Energy
The Nigerian National Petroleum Company (NNPC) has reportedly withdrawn its lawsuit against ExxonMobil three weeks after President Bola Tinubu’s decisive directives, which were...
Nigerian Lawmakers Push for New Presidential Aircraft Amid Economic Crisis, Sparking Public Outrage
Amid Nigeria’s deepening economic crisis and widespread suffering among its citizens, lawmakers are pushing for the urgent purchase of new aircraft for President...
BlackRock’s iShares Exits Nigeria Due to Unprofitable Business Environment
BlackRock, the world’s largest manager of $10 trillion assets, announced closure and its decision to liquidate its iShares exchange-traded funds (ETFs) worth $400...
El Salvador Government Burns $67 Million Worth of Seized Cocaine
El Salvador authorities have burned a massive 2.7-ton pile of cocaine worth an estimated $67.5 million. The drugs were incinerated in Ilopango, just...