Finance
Naira Hits New Low of N1,670/$ After CBN Interest Rate Hike
The naira has dropped to a record low of N1,667.42 per dollar in the official market on Wednesday. This followed the Central Bank...
CBN Hikes Interest Rate to 27.25%, Marking 8.5% Increase Under New Leadership
The Central Bank of Nigeria (CBN) has voted to increase the Monetary Policy Rate (MPR), raising it from 26.75% to 27.25 %. Speaking...
Cote d’Ivoire Calls for Investments in Its Growing Cashew Industry
Kouassi Adjoumani, Minister of Agriculture, Rural Development, and Food Production, has called on local and international investors to tap into the growing cashew...
Naira Loses Over Half Its Value in Cardoso’s First Year as CBN Governor
The Nigerian naira has lost half its value in just one year. Data from the Central Bank of Nigeria (CBN) website shows that...
CBN Withdraws 2024-2025 Policy Guidelines Over ‘Misrepresentation’
The Central Bank of Nigeria (CBN) has temporarily withdrawn its publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the fiscal...
South Africa’s Central Bank Cuts Interest Rates as Inflation Reduces Beyond Expectations
South Africa’s central bank has reduced its benchmark interest rate by 25 basis points to 8 per cent, marking the first rate cut...
Gombe Teaching Hospital Bans Crypto ‘Mining’, Trading During Work Hours Due To Negligence Complaints By Patients
The Federal Teaching Hospital, Gombe, has officially prohibited its staff from engaging in cryptocurrency trading during work hours. This was announced in a...
Gunshots Fired as EFCC Attempts to Arrest Ex-Gov. Yahaya Bello at Kogi Governor’s Lodge
Operatives of the Economic and Financial Crimes Commission (EFCC) clashed with security personnel at the Kogi State Governor’s Lodge in Asokoro, Abuja, on...
South Africa’s Inflation Falls to 4.4% in August, Interest Rate Cut Expected
South Africa’s annual inflation rate fell to 4.4 per cent in August, down from 4.6 per cent in July. This marks the first...
Kenya Begins National Debt Audit To Ascertain Country’s Debt
Kenya’s Finance Minister, John Mbadi, has announced the Auditor General has begun examining the country’s debt records to ascertain amounts owed to the...
Just In: Nigeria’s Inflation Slightly Drops to 32.15% in August, Remains High Year-on-year
Nigeria’s headline inflation rate fell to 32.15 percent in August 2024, down from 33.40 percent in July. This marks the second consecutive month...
Sweden to Offer Immigrants $34,000 to Return Home
Sweden has announced it will increase grants to $34,000 for immigrants who will return to their home countries. Starting in 2026, those who...