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German Govt. Agency Transfers Bitcoin Worth Over $400 Million, Sends Some To Crypto Exchanges – Arkham
A German government agency has transferred a significant amount of Bitcoin, valued at $425 million, to another wallet and various crypto exchange deposit...
FinanceNews
Swiss Central Bank Cuts Interest Rates For Second Time This Year
The Swiss National Bank (SNB) has cut its key interest rate for the second time this year, reducing it by 25 basis points...
FinanceNews
UK’s Inflation Hits 2% Target for First Time in Three Years
The UK’s inflation rate has reached the Bank of England’s target of 2% for the first time in nearly three years, according to...
FinanceNews
Public Pressure Makes Kenyan Govt. Drop Proposed Taxes On Bread, FX, More
Kenya’s government has amended the controversial Finance Bill 2024 and retracted several proposed tax hikes. This was in response to widespread opposition and...
FinanceNews
Nigeria’s FG Debt To World Bank Soars By $4.95bn In 12 Months, Total Debt Reaches N101tn
Nigeria’s public debt has surged by $4.95 billion in loans from the World Bank over the past 12 months, escalating the nation’s total...
FinanceNews
Ghana’s GDP Growth Hits 4.7% In Q1 2024, Fastest In Two Years
Ghana’s economy experienced its fastest growth in over two years, with GDP increasing by 4.7% in the first quarter of 2024. This marked...
FinanceNews
South Africa Expected To Maintain Interest Rate As Inflation Holds Steady In May
South Africa’s inflation rate remained steady in May, increasing the likelihood that the central bank will maintain its current interest rate. According to...
FinanceNews
Sultan Of Sokoto Urges Nigerians To Embrace Farming To Alleviate Economic Hardship
The Sultan of Sokoto and president general of the Nigeria Supreme Council for Islamic Affairs (NSCIA), Sa’ad Abubakar, has called on Nigerians to...
FinanceNews
AfDB Launches Debt Managers’ Initiative as 13 African Nations Face Debt Distress
The African Development Bank (AfDB) has inaugurated the African Debt Managers Initiative Network (ADMIN) to address growing debt challenges in Africa. This move...
FinanceNews
Nigeria’s Inflation Soars to 33.95% in May 2024 – NBS
Nigeria’s inflation rate has surged to 33.95% in May 2024, up from 33.69% in April, according to the latest data from the National...
FinanceNews
FG Drops Tax Evasion Case Against Binance’s Gambaryan
The Federal Government has officially discontinued the prosecution of Tigran Gambaryan, one of the Binance executives accused of tax evasion by the authorities....
FinanceNews
Tesla Shareholders Approve Musk’s Huge $44 Billion Pay Package
Tesla shareholders have approved Elon Musk’s massive compensation package, now worth $44 billion. Despite opposition from some large institutional investors and proxy firms,...