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Finance
FinanceNews
Sokoto Governor Approves Over N1.1 Billion for ‘Boats and Life Jackets for Flooded Communities’
The Sokoto State government has approved N1.1 billion to purchase motorised boats and life jackets for flood-prone communities across 22 Local Government Areas....
FinanceNews
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...
FinanceNews
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...
FinanceFood
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...
FinanceNews
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...
FinanceNews
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The Central Bank of Nigeria (CBN) has temporarily withdrawn its publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the fiscal...
FinanceNews
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...
FinanceNews
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...
FinanceNews
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...
FinanceNews
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...
FinancePolitics
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...
FinanceNews
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...