Finance
More Debts for Nigeria as Senate Approves Tinubu’s ₦1.77 Trillion Loan Request
The Nigerian Senate has approved President Bola Tinubu’s ₦1.77 trillion ($2.2 billion) loan request to partially fund the country’s ₦9.7 trillion budget deficit...
Mali Frees Detained Resolute Mining CEO and Executives After Agreement to Pay $160M Tax Settlement
Resolute Mining, an Australian gold miner, has confirmed the release of its Chief Executive Officer, Terence Holohan, and two senior executives detained in...
Virgin Islands Court Grants Chinese Zhongshan the Right to Seize $25 Million from Nigeria Over Ogun State Trade Zone Dispute
The British Virgin Islands (BVI) High Court has approved the seizure of £20 million ($25 million) from Nigeria’s foreign assets by Chinese investors...
Mali: Audit Uncovers Over $30 Million In Education Sector Irregularities, Calls For Legal Action
The Auditor General’s 2023 annual report has uncovered over 19 billion CFA francs ($30.4 million) in financial irregularities within Mali‘s education sector. The...
Tinubu Submits 2025-2027 Budget Framework to National Assembly, Seeks Approval to Borrow ₦1.76tn to Fund 2024 Budget Deficit
President Bola Tinubu has written to the National Assembly seeking approval for ₦1.767 trillion in new external borrowing. The Speaker of the House...
FG Approves ₦47.9 Trillion Budget for 2025, Nigerians Question What 2024’s ₦35.5trn Achieved
The Nigerian government has approved a ₦47.9 trillion budget for the 2025 fiscal year, marking a 35 per cent increase from the ₦35.5...
Following Arrest of Executives, Australian Mining Company Pays Mali $80 Million as Part of Tax Dispute Settlement
Australian gold miner Resolute Mining has paid $80 million to the Malian government for a $160 million settlement over a tax dispute. The...
World Bank Uncovers $32 Million of Missing Funds from Nigerian Water Project
The World Bank has disclosed that $32 million is unaccounted for in the Nigerian water infrastructure project, raising serious concerns about financial mismanagement...
Nigeria’s Inflation Rate Hits 33.88% in October As Food Prices Skyrocket
Nigeria’s inflation rate rose to 33.88 per cent in October 2024, up from 32.70 per cent in September, the National Bureau of Statistics...
Axian Energy Secures Funding to Build Solar Plants With 60 MW Capacity in Kolda, Senegal
Two new solar power plants with a combined 60 MW capacity will be built in Kolda, Senegal. This was announced on Wednesday by...
Customs Hits N5.07 Trillion Revenue Target Following Forex Crisis and Higher Tariffs
The Nigeria Customs Service (NCS) announced on Tuesday that it has met its 2024 annual revenue target of N5.97 trillion. This was revealed...
Okonjo-Iweala Set to Secure Second Term as WTO Director-General
Nigeria’s Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation, is set to secure a second term as Director-General without facing any opposition....