Finance
Wema Bank Reports Fraud Losses Amid Impressive Growth for 2023
Wema Bank, a Nigerian tier-2 financial institution holding ₦1.8 trillion ($1.6 billion) in consumer deposits, reported ₦685 million ($594,943) in fraud and forgery...
Vietnamese Real Estate Tycoon Sentenced to Death for $27 Billion Bank Fraud
Vietnamese real estate mogul Truong My Lan was sentenced to death by a court in Ho Chi Minh City, Vietnam, for her role...
BRICS: China, Russia Announce New Partnership Deal to foster de-dollarisation plan
Following the US sanctions on Russia and China, the BRICS members have announced a new partnership deal aimed at fostering a multipolar world....
US Prosecutors Target Luxury Apartment Owned to Congolese Ex-President’s Daughter
The US authorities are looking to forfeit a $7.1 million luxurious apartment bought with embezzled public funds by the Family of Congo’s Ex-President,...
EFCC Warns Local Businesses Against Dollar Transactions, Threatens Arrest
The Economic and Financial Crimes Commission (EFCC) has warned establishments across Nigeria against accepting payments in dollars from local customers. The Chairman of...
El Salvador President, Bukele Launches Offer for External Debt Repurchase
El Salvador’s President Nayib Bukele announced on X (formerly Twitter) on Monday evening that the country has officially launched the purchase offer for...
EFCC sets to arraign Emefiele alongside co-defendant Omole on a fresh 26-count charge
The Economic and Financial Crimes Commission (EFCC) will on Monday 8th of April, 2024 arraign the embattled ex-CBN governor, Godwin Emefiele alongside his...
PiggyVest CEO Hints at Potential IPO in Coming Years
PiggyVest, a leading Nigerian fintech firm, may be gearing up for a public offering in the near future, according to CEO Somtochukwu Ifueze....
Lagos State Releases Policy Statement on 2024 Appropriation Bill
The Lagos State government has released the state’s policy statement on the 2024 appropriation bill. Released on Friday, March 29, 2024, the appropriation...
Abia Pensioners to be Paid Every 28th, Govt Settles Arrears of over N9bn
The Abia State Government has announced the disbursement of over N9 billion to pensioners in the state. Mike Akpara, the Commissioner for Finance,...
Gambaryan not part of Company Management —Binance
Amid ongoing scrutiny and legal battles, Binance has issued a statement clarifying the role of its employee, Tigran Gambaryan, who is currently detained...