Finance
DR Congo Sentences Three Chinese Nationals to Seven Years in Prison for Illegal Mining
A court in the Democratic Republic of Congo (DRC) has sentenced three Chinese nationals to seven years in prison for illegal mining. They...
Nigeria’s Inflation Rises for Fourth Consecutive Month, Hits 34.8% in December
Nigeria’s inflation rate rose to 34.8 per cent in December 2024. This is according to the latest Consumer Price Index (CPI) report released...
2025 Budget: FG Allocates ₦6.7 Trillion for ‘Emergency Expenses’ Amid Several Irregularities
Civil society groups and economic analysts have heavily criticized President Bola Tinubu’s proposed budget for 2025. Many believe it fails to address Nigeria’s pressing needs...
Mali Begins Seizing Gold Stock at Barrick Gold Site Amid Stricter Mining Rules
According to a memo obtained by Reuters, Mali’s government has begun seizing gold stock at Barrick Gold’s Loulo-Gounkoto site. Officials reportedly enforced the...
US to Repatriate $52.88M Linked to Ex-Nigerian Oil Minister Alison-Madueke
The United States and Nigeria have formally agreed to return $52.88 million linked to former Petroleum Minister Diezani Alison-Madueke and her associates. The...
Presidency Allocates ₦7.65 Billion for State House Vehicles in 2025 Budget, Despite Pledges to Cut Costs
The Nigerian Presidency has proposed ₦7.65 billion for the purchase of State House vehicles in the 2025 budget. The large allocation marks a...
Over 60 Stampede Deaths Recorded During Palliative Distributions in Nigeria Under Tinubu’s Administration
Stampedes during palliative distributions in Nigeria have left many dead and injured. Since President Bola Tinubu took office on 29 May 2023, at...
2025 Budget: Enugu Govt. Plans to Spend ₦10 Billion on CCTV Cameras, ₦5 Billion on Vehicles
The Enugu State Government has planned to spend ₦10 billion in 2025 on installing CCTV cameras across the state. The government said the...
CBN Sets Daily PoS Withdrawal Limit to N100,000, Imposes N500,000 Weekly Limit
The Central Bank of Nigeria (CBN) has introduced a daily cash withdrawal limit of N100,000 for point-of-sale (PoS) terminals per customer. The directive...
NBS Data Shows Inflation Climbs to 34.60% as Food Prices Rise in November
Nigeria’s headline inflation rate increased to 34.60% in November 2024 from 33.88% in October, marking the third consecutive monthly rise, according to the...
FEC Approves Tinubu’s 2025 Budget of N47.96 Trillion, to Be Presented Wednesday
Nigeria’s Federal Executive Council (FEC) has approved a N47.96 trillion budget for 2025. President Bola Tinubu is set to present it to the...
SERAP Sues Tinubu Over Failure to Probe Missing ₦57 Billion in Ministry of Humanitarian Affairs
The Socio-Economic Rights and Accountability Project (SERAP) has sued President Bola Tinubu over the alleged mismanagement of ₦57 billion in public funds. The...