Finance
TETFund Suspends Foreign Scholarships for Lecturers Over Nigeria’s FX Crisis and High Rate of Abscondment
The Tertiary Education Trust Fund (TETFund) has announced that it will stop sponsoring foreign scholarships for lecturers in Nigerian tertiary institutions. The suspension...
National Assembly Questions FG’s Continued Borrowing, Abaribe Criticises Tinubu’s Jet Purchase
The National Assembly has questioned the Federal Government’s continued borrowing despite surpassing revenue targets for the year. During an interactive session with revenue-generating...
One Year After Commissioning, Enugu’s Water Galleries Remain Abandoned with Dry Taps
One year after the commissioning of water galleries by the Enugu State government, residents have reported that many of the projects have been...
Burkina Faso Introduces New Mining Regulations to Boost Revenue and Limit Foreign Exploitation
Burkina Faso’s Council of Ministers has finalised the legal framework of the country’s July 2024 mining code. This move introduces new regulations and...
More Debts for Nigeria as Senate Approves Tinubu’s ₦1.77 Trillion Loan Request
The Nigerian Senate has approved President Bola Tinubu’s ₦1.77 trillion ($2.2 billion) loan request to partially fund the country’s ₦9.7 trillion budget deficit...
Mali Frees Detained Resolute Mining CEO and Executives After Agreement to Pay $160M Tax Settlement
Resolute Mining, an Australian gold miner, has confirmed the release of its Chief Executive Officer, Terence Holohan, and two senior executives detained in...
Virgin Islands Court Grants Chinese Zhongshan the Right to Seize $25 Million from Nigeria Over Ogun State Trade Zone Dispute
The British Virgin Islands (BVI) High Court has approved the seizure of £20 million ($25 million) from Nigeria’s foreign assets by Chinese investors...
Mali: Audit Uncovers Over $30 Million In Education Sector Irregularities, Calls For Legal Action
The Auditor General’s 2023 annual report has uncovered over 19 billion CFA francs ($30.4 million) in financial irregularities within Mali‘s education sector. The...
Tinubu Submits 2025-2027 Budget Framework to National Assembly, Seeks Approval to Borrow ₦1.76tn to Fund 2024 Budget Deficit
President Bola Tinubu has written to the National Assembly seeking approval for ₦1.767 trillion in new external borrowing. The Speaker of the House...
FG Approves ₦47.9 Trillion Budget for 2025, Nigerians Question What 2024’s ₦35.5trn Achieved
The Nigerian government has approved a ₦47.9 trillion budget for the 2025 fiscal year, marking a 35 per cent increase from the ₦35.5...
Following Arrest of Executives, Australian Mining Company Pays Mali $80 Million as Part of Tax Dispute Settlement
Australian gold miner Resolute Mining has paid $80 million to the Malian government for a $160 million settlement over a tax dispute. The...
World Bank Uncovers $32 Million of Missing Funds from Nigerian Water Project
The World Bank has disclosed that $32 million is unaccounted for in the Nigerian water infrastructure project, raising serious concerns about financial mismanagement...