Africa’s $5 Billion Energy Bank to Launch January 2025
The Federal Government has announced that the Africa Energy Bank (AEB) will start working on January 28, 2025. This disclosure ...
Tag: Finance
NEC Calls for Withdrawal of Tax Reform Bills
The National Economic Council (NEC) has voiced strong reservations regarding the Tax Reform Bills submitted by President Bola Tinubu to ...
Nigerian Naira Slightly Depreciates Against US Dollar
On Wednesday, October 30, 2024, the Nigerian naira slightly lost value compared to the United States dollar in the official ...
UK Chancellor Increases Taxes
Britain's new finance minister Rachel Reeves has just announced the biggest tax increases in three decades in her first budget ...
Nigeria’s VAT Increase: A Cruel Blow to the Vulnerable
The Nigerian government's recent decision to raise Value Added Tax (VAT) from 7.5% to 15% has caused a lot of ...
Moniepoint Secures $110 Million in Equity Financing
Moniepoint, a top African fintech business, has managed to gather $110 million in a series C equity funding round, boosting ...
UK Bond Market Braces for £300 Billion Borrowing Surge
The UK bond market is getting ready for a big increase in government borrowing, which could go up to £300 ...
IMF Warns: Sub-Saharan Africa’s Oil-dependent Countries Face Slower Economic Expansion
The International Monetary Fund (IMF) has released its economic report for Sub-Saharan Africa, pointing out that countries that produce oil ...
Alibaba to Pay $433.5 Million in Settlement of US Lawsuit
Alibaba Group Holding Ltd., the biggest online shopping company in China, has agreed to pay $433.5 million to settle a ...
IMF Confirms: Nigeria Hasn’t Requested Funding
Despite the rumors swirling through business circles, the International Monetary Fund (IMF) has set the record straight: Nigeria hasn’t made ...
Nigeria Eyes $1 Billion Monthly Remittances with US Diaspora Bond
The Central Bank of Nigeria (CBN) is considering selling a special bond in the United States next year, aiming to ...
CBN Denies Rumours Over Old Naira Note Expiration
The Central Bank of Nigeria has denied rumors that the old ₦200, ₦500, and ₦1,000 notes will expire on December ...
First Bank to Migrate to Cloud, Warns of Service Disruptions
First Bank has just announced it’s jumping on the cloud bandwagon, following in the footsteps of other big Nigerian banks, ...
The IMF’s Naira Stability Fantasy: A Slap in the Face of Nigerians
In a remarkable show of economic skill, the International Monetary Fund (IMF) has announced that the Nigerian Naira is "stable." ...
Naira Exhibits Stability Signs, International Monetary Fund Reports
The International Monetary Fund (IMF) has observed that Nigeria's currency, the naira, is showing signs of stability because of smart ...
