The Central Bank of Nigeria (CBN) has again dispelled speculations that it was planning to convert the foreign exchange (FX) in domiciliary accounts of bank customers into naira. The apex

African Development Bank (AfDB) has approved  $137million loan to support Botswana in mitigating the effects of covid-19 pandemic and also to fastrack the economic recovery of the country. The funds,

It now appears that more states of the federation have woken up from slumber and are now determined to  achieve fiscal federalism, following the institution of a legal action against

Flutterwave, a leading payments technology company in Africa, is collaborating with MTN Group to enable businesses operating Flutterwave in some African nations to receive payments via MTN Mobile Money called

The Nigerian Vice President, Yemi Osinbajo has forecasted a potential income gain of about $450 billion in the country’s economy through the African Continental Free Trade Area (AfCFTA). The VP

Chinese gaming and media stocks including Tencent Holdings and NetEase fell on Thursday a day after authorities summoned them and other gaming firms to ensure they implemented new rules for

The global financial market may be heading towards an imminent crisis, as the United States is currently facing the risk of defaulting on its national debt in October. The US

The Federal Inland Revenue Service (FIRS) on Wednesday explained its opposition to the administration of Value Added Tax (VAT) by states in the country, saying it might stifle businesses and

Governor of Rivers State in Nigeria’s Niger Delta, Nyesom Wike, has raised the alarm over underhand moves by the federal government to move the appeal it had filed on the

For the third time since it was established 44 years ago, the Nigerian National Petroleum Corporation (NNPC) on Wednesday officially released its Audited Financial Statement (AFS) for year 2020. With

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, on Tuesday warned that lack of investments in the oil and gas industry may eventually lead

Just like Rivers State in the Niger-Delta which recently enacted its Value Added Tax (VAT) Law 2021 to regulate the effective administration of VAT in the state after a Federal

Jaiz Bank Plc, Nigeria’s foremost non-interest bank, has received a $25 million shariah-compliant Line of Financing (LOF) from the Islamic Development Bank (IsDB) to support small and medium scale enterprises

Ecobank Transnational Incorporated, the Lomé based parent company of the Ecobank Group, has announced a capital increase of $75 million Additional Tier 1 through an investment by Arise, a leading

Prime Minister Boris Johnson will address lawmakers on Tuesday on his plans to fix Britain’s social care system, with many in his own party furious that he wants to pay

German regulators have launched an investigation into the country’s biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge of

Nigerians and foreign investors interested in owning shares in the Nigerian National Petroleum Corporation (NNPC), which is set for full commercialisation in the next six months, may need to wait

El Salvador on Tuesday became the first country in the world to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars