Finance
U.S. Government Orders Closure of All USAID Missions Overseas, Staff to Return by Friday
The United States government has ordered the closure of all USAID missions overseas, and staff members have been directed to return to the...
“This is Criminal”: Nigerians React to Akwa Ibom Governor Allocating N1.3bn for Unity Park Fencing, N20bn for Private Jet Maintenance
The Akwa Ibom State Government has allocated N1.3 billion to construct a perimeter fence around its Unity Park in Uyo, the state capital....
Nigeria Falls to 100th Out of 121 in Global Digital Quality Ranking, Slipping 12 Spots in Just One Year
Nigeria has fallen to 100th place in the 2024 Digital Quality of Life (DQL) Index by cybersecurity firm Surfshark. This decline is notable,...
Ghana’s Central Bank Gold Reserves Increase By 11 Tonnes In 2024
According to the Bank of Ghana, Ghana has expanded its gold reserves to 30.5 tonnes by the end of December 2024, up from...
Beyond Conferences and Commitments: Decoding Africa’s Industrial Dilemma
In 2024, we witnessed African leaders jet-setting from one summit or conference to another, in some cases summoned by the host state, and...
Coly Energy Acquires French-Owned TotalEnergies in Mali
Coly Énergie Mali, an energy company, has taken over TotalEnergies’ operations in Mali. The terms of this acquisition ensure that all 1,109 employees...
Nigeria’s Foreign Reserves Reduce by $359.81 Million in One Week
Nigeria’s foreign exchange reserves have dropped by $359.81 million in one week, settling at $40.56 billion on 13 January 2025. This decline came...
Court Denies Bail to El-Rufai’s Ex-Chief of Staff, ICPC to Arraign Three of his Aides for ₦64.8 Million Fraud
The Kaduna State High Court has denied bail to Bashir Sa’idu, a former Chief of Staff and Commissioner for Finance in Kaduna State....
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...