Finance
World Bank Releases 2024 Report on Global Economic Prospects
As the year 2024 begins, the World Bank, in its first batch of 2024 Global Economic Prospects Reports, released an in-depth report analyzing...
Unveiling the Tech Investment Surge in Africa’s Big Four Markets – 2023 Overview
In 2023, Africa witnessed a shift in tech investments, notably in the big four tech markets: Egypt, Nigeria, Kenya, and South Africa. ‘Africa:...
Tinubu Suspends Minister of Humanitarian Affairs and Poverty Alleviation
President Bola Tinubu has suspended the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, from office with immediate effect. In a...
Former Minister Sadiya Umar-Farouk Appears at EFCC Headquarters Over Alleged Fraud Investigation
Sadiya Umar-Farouk, the erstwhile Minister of Social Development, Disaster Management, and Humanitarian Affairs, answered the call from the Economic and Financial Crimes Commission...
CBN Pays Nearly $2 Billion Towards FX Backlog
In a bid to clear the backlog of dollars, Africa’s biggest economy, Nigeria, via the Central Bank of Nigeria (CBN), has paid $2...
FG Launches Investigation into Alleged Misuse of Funds by Ministry of Humanitarian Affairs
In response to mounting concerns and widespread public speculation, the Nigerian government has initiated a thorough investigation into the purported misallocation of public...
Dr. Tayo Aduloju Appointed as CEO of Nigerian Economic Summit Group
Dr. Tayo Aduloju has been appointed as the new Chief Executive Officer of the Nigerian Economic Summit Group (NESG), effective from January 1,...
Gautam Adani Regains Title as Asia’s Richest, Surpassing Challenges in a Resurgent 2024
Gautam Adani has reclaimed his title as Asia’s wealthiest individual, with a net worth of $97.6 billion, making him the 12th richest globally,...
Africa’s Richest Black Billionaires 2024: Diverse Entrepreneurs Driving Economic Empowerment
Africa boasts a continent rich with enterprising individuals, producing world-class businessmen. Notably, among Africa’s top billionaires are some who may not fit the...
Nigerian Billionaire Tycoons’ Companies Achieve Staggering N3.1 Trillion Capital Gain in 2023
In 2023, Nigerian billionaire investors Herbert Wigwe, Aliko Dangote, Femi Otedola, and Jim Ovia saw their companies – Geregu, Zenith Bank, Access Holdings,...
Alleged Laundering: Former Minister Apologise to EFCC for Not Honouring Invitation
Former Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar Farouq, has issued an apology to the Economic and Financial Crimes...
South African Tycoon Johann Rupert Overtakes Aliko Dangote as Africa’s Wealthiest, According to Latest Forbes Ranking
South Africa’s Johann Rupert and his family have claimed the title of Africa’s top billionaires, surpassing Nigeria’s Aliko Dangote, as per the latest...