Finance
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....
Burkina Faso Authorities Arrest 2 Officials for Embezzling Billions in Humanitarian and Agricultural Funds
Two public officials accused of embezzling several billion CFA francs have been taken into custody, according to Burkina Faso’s public prosecutor at the...
Abia Governor Otti: We’ve Cleared N90 Billion of Inherited N191 Billion Debt Without Borrowing
Governor Alex Otti of Abia State reported that his administration cleared N90 billion of the N191 billion debt inherited in May 2023 without...
Ghana’s Cocoa Production Expected to Increase in 2024/25 Season
Ghana’s cocoa production is expected to increase in the 2024/25 season, according to local farmers and Cocobod officials. The rebound is expected due...
NNPC Dismisses Protests Calling for CEO Kyari’s Resignation, Says He Isn’t Responsible for Fuel Price Hike
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed recent protests demanding the resignation of its Group Chief Executive Officer, Mele Kyari, over...
EFCC Arrests Ex-Delta Gov. Ifeanyi Okowa Over Alleged N1.3 Trillion Oil Fund Fraud
The Economic and Financial Crimes Commission (EFCC) has arrested former Delta State governor Ifeanyi Okowa over allegations of diverting N1.3 trillion from oil...