Finance
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Nigeria’s Proposed Tax Reform Bill, Explained
A proposed amendment to Nigeria’s tax laws has sparked debates nationwide, especially concerning the sharing formula for value-added tax (VAT)…
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Asian Hackers Steal $17 Million from Uganda’s Central Bank
Hackers have infiltrated the systems of the Bank of Uganda, stealing a staggering 62 billion Ugandan shillings (approximately $17 million),…
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Biden Set to Become President With Most Economic Sanctions in US History
As the 2024 presidential election approaches, President Joe Biden is shaping up to become the most sanctions-heavy president in U.S.…
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USD to Naira Black Market Exchange Rate Hits ₦1,710: Key Insights for November 2024
As of November 2, 2024, the exchange rate for the US dollar (USD) against the Nigerian naira (NGN) in the…
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Zimbabwe’s New Gold-Backed Currency Saw 50% Devaluation in Six Months
Less than six months after Zimbabwe introduced the ZiG, or Zimbabwe Gold, as its latest currency, the Southern African country…
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Top 10 Cities with the Most Centi-Millionaires in the World
As global wealth continues to accumulate at unprecedented rates, cities around the world are becoming hubs for the ultra-wealthy. Centi-millionaires,…
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South Africa Tops Africa’s Largest Economies, Nigeria’s GDP Projected to Decline to $199.72 Billion by End of 2024 – IMF Report
The International Monetary Fund (IMF) World Economic Outlook (WEO) report for October 2024 has projected that Nigeria will end the…
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Nigeria Loses N13 Trillion to FX Subsidies, Says World Bank
According to a new report by the World Bank, Nigeria incurred a staggering loss of N13 trillion due to foreign…
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BRICS Nations Expected to Surpass Global GDP Growth in 2024 – Putin
Russian President Vladimir Putin has predicted that the BRICS nations will see higher economic growth than the global average by…
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African countries that have legalized cannabis cultivation for industrial, medicinal purposes
As the global demand for medical cannabis continues to grow, several African countries have shifted their stance on cannabis cultivation.…
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