Finance
Nigeria’s Cabinet Approves Borrowing ₦1 Trillion for Italian-made Fighter Jets and Ammunition
Nigeria’s Federal Executive Council has approved a ₦1.02 trillion ($618 million) loan to purchase six Italian-made M-346 attack jets and ammunition for the...
Nigeria’s EFCC Withdraws Money Laundering Charges Against Binance Executive Gambaryan
The Nigerian government has dropped all charges against Tigran Gambaryan, a Binance Holdings executive detained on money laundering charges. The Economic and Financial...
Nigeria’s FG Bans Exports of Cooking Gas Amid Rising Prices
Nigeria’s Federal Government has ordered the Nigerian National Petroleum Company (NNPC) and Liquefied Petroleum Gas (LPG) producers to stop exporting cooking gas starting...
Abia State Approves N70,000 Minimum Wage for Civil Servants Starting October
Abia State civil servants will start receiving a new minimum wage of N70,000 in October 2024, according to an announcement by the state...
Sacked CBN Officials Take Legal Action, Demand Reinstatement Following Unlawful Dismissal
Former officials of the Central Bank of Nigeria (CBN), whose appointments were terminated in March, have taken legal action against the bank. The...
EFCC Re-arraigns Ex-Kwara Governor and His Finance Commissioner Over N5.78bn Fraud
The Economic and Financial Crimes Commission (EFCC) re-arraigned former Kwara State Governor Abdulfatah Ahmed and his ex-Commissioner of Finance, Ademola Banu, on Monday....
Liberia: Central Bank Lowers Interest Rate From 18.5 Per Cent To 17 Per Cent, Anticipates Economic Stability
The Central Bank of Liberia (CBL) has reduced its Monetary Policy Rate (MPR) from 18.5 per cent to 17 per cent following a...
Nigeria Approves ExxonMobil’s $1.28 Billion Asset Sale to Seplat
Nigeria has approved the sale of ExxonMobil’s onshore assets to Seplat Energy, according to Reuters. The $1.28 billion deal had been under regulatory...
Nigeria’s FG Proposes 5% Excise Duty on Telecoms, Gambling, and Gaming Activities
The Nigerian government has proposed a 5 per cent excise duty on telecommunications, gambling, and gaming services. This proposal is included in the...
Mali To Settle Internal Debt To Stabilise Economy, Attract Investors
Mali is set to begin settling its internal debt next week, with plans to complete payments by December 31, 2024. The announcement was...
De-dollarization: BRICS Unveils Demo Card for New Payment System Ahead of 2024 Summit
BRICS nations have unveiled a demo version of their new BRICS Pay payment system at the BRICS Business Forum in Moscow. Participants received...
Naira Listed Among Worst Performing Currencies in Africa – World Bank
The naira has been listed as one of the worst-performing currencies in Sub-Saharan Africa for 2024. This is according to the World Bank’s...