Economy

By Emmanuel Nduka A former top official at China’s Central Bank has been sentenced to more than 16 years in prison for corruption, Chinese media reported on Thursday. Sun Guofeng, a former head of the monetary...

By Enyichukwu Enemanna Benin Republic says it has lifted restrictions on imported goods transiting to Niger through its port of Cotonou. This was made known on Wednesday by the port's director general, Bart Jozef Johan Van...

By Enyichukwu Enemanna Ivorian authorities have agreed to deliver at least 50 million litres of Premium Motor Spirit (PMS) also known as fuel monthly to Guinea, following a fire outbreak at the country's main fuel depot...

By John Ikani A collaborative effort involving Nigerian banks, fintech entities, and blockchain companies is underway to develop the inaugural regulated Naira stablecoin, cNGN. The forthcoming cNGN, a consortium-backed Naira stablecoin, aims to be fully compliant...

By John Ikani Nigeria, under President Bola Tinubu's leadership, has secured substantial loans totalling $2.7 billion from the World Bank, raising concerns about the escalating costs associated with servicing the country's external debt. The allocated funds...

By Enyichukwu Enemanna At least 12 persons have been feared dead in an explosion at an illegal artisanal crude oil refinery site located in Obiafor 1 and 2, Obrikom area of Ogba/Egbema/Ndoni local government area (ONELGA)...