The Federal Ministry of Finance has dismissed allegations of hidden spending and diversion of federation revenue, describing recent media reports interpreting the latest Nigeria Development Update by the World Bank as misleading and inaccurate.

The Federal Competition and Consumer Protection Commission (FCCPC) has dismissed widespread claims that it banned airtime borrowing and data advance services in Nigeria.

Burkina Faso Increases Debt, Dependence on Foreign Aid Despite Sovereignty Rhetoric Since 2022, Burkinabe leaders have consistently claimed independence from foreign aid. Official data from their own ministries tells a very different story. By Francis J. Konneh At the 2023 Russia-Africa summit,...

The Central Bank of Nigeria (CBN), in partnership with the Financial Markets Dealers Association (FMDA), has unveiled the Nigerian Overnight Financing Rate (NOFR) as the country’s new money market benchmark.

Tensions in the Middle East escalated on Saturday as Iran announced the closure of the Strait of Hormuz, accusing the United States of violating prior agreements amid a continuing naval blockade.  

Global oil prices fell sharply on Friday after the Strait of Hormuz was reopened to commercial shipping, easing fears of prolonged supply disruptions.