We’ve Recovered $1bn Looted Funds since 2015 —Nigeria FG.
The Federal Government said that $1 billion in stolen cash had been found since President Muhammadu Buhari's…
In October, FG, States, and LGAs shared N736.782 billion.
In October, the three levels of government divided N736.782 billion in total. The relevant States received a total…
At Shs80 trillion in Debt, a Crisis is Imminent in Uganda.
Increases in the budget deficit and public debt are likely to hinder Uganda's capacity to grow economically and…
CBK Increases Lending Fees to Control Inflation.
In an effort to control predictions of out-of-control inflation amid weakening shilling in a net import economy,…
Interest Rates for Borrowers will Increase at Equity Bank starting in January…
In January 2023, Equity Group intends to completely begin pricing loans according on the risk profiles of…
Jeff Bezos gives US Homeless Families $123 million
According to Bloomberg, Amazon's founder Jeff Bezos is donating $123 million to organizations that help homeless…
Kenya Treasury to Issue New Bonds in Exchange for the Sh87 billion Debt.
To avert a cash shortage early in the new year, the Treasury is trying to convert Sh87. 8 billion worth of…
Malawi Receives $88.3 million from the IMF Under the “Food Shock” Loan…
The food shock loan, which is a component of the IMF's Rapid Credit Facility, would aid the east African nation in…
The Lagos Commodities and Futures Exchange gives the SEC an Eko Gold Coin.
In an effort to boost confidence, organize the gold market, and expand the commodities ecosystem, the Lagos…
In 2022, TETFund Income Collection Declines by N68 billion.
The Tertiary Education Trust Fund has disclosed that the N68 billion in income it collected in 2021 and utilized…
NEITI: Nigeria Earned $741.48bn Revenue from Oil, Gas Sector.
According to figures released in Abuja by the Nigeria Extractive Industries Transparency Initiative (NEITI),…
Excess Crude Account Decreases by 89% to $472,513.
In the previous eight years, Nigeria's surplus crude account has decreased by 89%, from $4. 1 billion in November…
Daily Coronavirus Cases in China Reached a Record High.
According to official data released, China's daily Covid cases have reached their highest level since the pandemic…
Fed Insiders Anticipate Small Rate Increases to Occur Soon.
The Federal Open Market Committee, which sets interest rates, is largely expected to reduce its rate hike in…
Anwar Ibrahim becomes the Tenth Prime Minister of Malaysia, making History.
Anwar Ibrahim, a veteran statesman from Malaysia, was named the nation's next prime minister. Following a lengthy…
Buhari Unveils New Naira Notes at Aso Rock.
The new naira notes in the denominations of N200, N500, and N1,000 were introduced by the President, Major General…
Naira Redesign: CBN Receives Old Notes Worth N165 billion.
Before the Federal Executive Council meeting started, November 23, President Muhammadu Buhari introduced the…
Due to Delays in World Bank-funded Projects, Sh300b Sits Unused in Uganda.
Due to delays in project execution, around Sh300 billion of the World Bank-funded Uganda Support to Municipal…
National Library Under Fire for Additional Sh837 million in Construction Costs.
Kenya National Library Services (KNLS) is under fire for increasing the price of constructing its Nairobi…
Leading African Nations Start on Growth Routes for Energy and Emissions.
At this week's United Nations climate meeting, African countries made it plain that the continent will utilize its…
Nigerian State-owned Firm begins Drilling for Oil at a Field in the North.
Nigeria's state-owned NNPC Ltd. Began drilling for oil and gas at a field with 1 billion barrels of reserves in…
Nigeria Lost $2 billion Due to Oil Theft Between January and August.
According to a Senate study, Nigeria lost more than $2 billion to oil theft in the first eight months of 2022.…
On Account of Asset Auctions, Bad Loans have their Largest Decline in 15 years.
On account of more property auctions, the repayment of non-performing debt, and poor credit write-offs, the size…
South Africa’s Game Stores Face Court Threat over Kenya Exit.
Before leaving the Kenyan market, South African retail behemoth Massmart, which runs the Game Stores, had a…
Lagos Suffers more from Fuel Shortage.
The price of gasoline increased by between N205 and N220 per litre at the gas stations. This suggests that depot…
In October, Currency Outside of Banks Increased by N108.67 billion to N2.84…
According to CBN statistics, the value of cash held outside of banks increased from N2. 54 trillion reported in…
Revised Capital Market Master Plan will be Unveiled by the Finance Minister.
The Revised Capital Market Master Plan, which is anticipated to serve as the roadmap for the capital market over…
According to the ILO, Global Unemployment is Worsening.
According to the latest edition of the International Labour Organization Monitor on the World of Work,…
T-Bill Interest Rate Hits 32-Month High as CBN Sells N5.33 Trillion in Primary…
The Central Bank of Nigeria (CBN) raised the interest rate on Treasury Bills (T-Bills) to 6. 49 percent in October…
Redesign of the Naira: CBN Introduces Countdown Clock.
The N200, N500, and N1,000 notes now in use will no longer be legal tender on January 31, 2023, according to a…