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FinanceWorld
Cocoa: Ghana’s Cocobod Reports First Profit in Seven Years After Restructuring Debt
Ghana’s cocoa marketing board, Cocobod, has reported a profit of 2.3 billion cedis ($149.84 million) for the 2022/23 fiscal year, as revealed by...
FinanceNews
FBI Arrests Kingsley Inegbedion For $1.5 Million Fraud; Accomplice Efemena Igbe Flees To Nigeria
The Federal Bureau of Investigation (FBI) has charged Nigerian tech entrepreneurs Kingsley Inegbedion and Efemena Igbe with a 16-count indictment for internet fraud...
FinanceWorld
Ghana Records Significant Reduction In Number Of Youths Not In Education, Employment, Or Training
Ghana recorded a significant reduction in the number of youths not in education, employment, or training (NEET) in the third quarter of 2023....
FinanceNews
Binance Executive Gambaryan Appears In Court In Wheelchair
Binance Holdings Limited executive Tigran Gambaryan was brought to the Federal High Court in Abuja on Tuesday in a wheelchair. Gambaryan faces money...
FinanceWorld
ECOWAS Provides Humanitarian Aid To Benin’s 2022 Flood Victims
The Economic Community of West African States (ECOWAS) has begun providing humanitarian aid to victims of the 2022 floods in Benin. The project,...
FinanceNews
Sri Lanka Slashes Electricity Tariffs By Over 22.5%
The Public Utilities Commission of Sri Lanka (PUCSL) has approved a substantial reduction in electricity tariffs. Effective midnight on July 15, 2024, electricity...
FinanceNews
CBN Sidelines BDCs From $122.67M Forex Allocation, Association Head Says
The Central Bank of Nigeria (CBN) has sidelined Bureau De Change (BDC) operators from its latest allocations. This was disclosed by Aminu Gwadebe,...
FinanceNews
Nigerian Govt. Spends N16bn On Forex For International Trips In One Year
The Tinubu-led administration has spent about N16.06 billion on foreign currencies for international trips from June 2023 to May 2024. This is according...
FinanceNews
Nigeria’s Inflation Hits New High Of 34.19% Due To Escalating Food Prices
Nigeria’s inflation rate reached a new high of 34.19% in June 2024, according to the data published by the National Bureau of Statistics...
FinanceWorld
U.S. Inflation Drops To 3% In June As Gas Prices Fall
The U.S. inflation rate decreased to 3.0% in June due to falling gas prices, which reportedly offset rising housing costs. The latest data...
FinanceNews
Ghana’s Inflation Hits Two-Year Low At 22.8% In June
Ghana’s inflation rate fell to 22.8% in June 2024, continuing a downward trend from 23.1% in May. June’s inflation rate is the lowest...
FinanceWorld
Burkina Faso’s Prime Minister Questions Impact Of IMF’s Interventions
Burkina Faso’s Prime Minister, Apollinaire de Tambèla, has expressed concerns about the effectiveness of the International Monetary Fund’s (IMF) interventions in the country....