Finance

FinanceNews

Field Check Shows Less Than 30km Completed on Lagos-Calabar Coastal Highway, Contrary to Official Claims

A recent independent investigation has revealed that the Federal Government’s claim of completing 30 kilometres of the Lagos-Calabar Coastal Highway is not accurate....

FinanceNews

Nigeria: Tinubu’s CNG Initiative Faces Growing Backlash Over Poor Infrastructure

The Federal Government’s Compressed Natural Gas (CNG) initiative has come under intense criticism from Nigerians and energy experts over poor infrastructure and operational...

ShopRite malls
Finance

ShopRite’s Empty Shelves, the Story Of Nigeria’s Fading Economy

Once the symbol of modern retail in Nigeria, ShopRite malls across the country are now a stark representation of Nigeria’s dramatic economic decline,...

Reps National
FinanceNews

Nigeria: Over 60% of MDAs Breach Financial Regulations as House of Reps Raises Alarm Over Missing ₦250bn

The Nigerian House of Representatives has expressed concern over the disappearance of more than ₦250 billion in public funds, citing alarming levels of...

FinanceNews

Nigeria: FG Warns Auto Dealer, Sarkinmota, Over Viral Promotional Video Mocking Civil Servants Purchasing Power – But Ignores Wage Crisis

The Federal Government has issued a stern warning to Abuja-based auto dealer, Alamin Sarkinmota, over a viral promotional video that mocked the purchasing...

FinanceNewsWorld

Mali Partners with Russia to Build Gold Refinery in Bamako, Aiming to Maximize Resource Control and Revenue

Mali has signed a strategic partnership with Russia to build a gold refinery in Bamako’s capital to take greater control over its mineral...

FinanceNews

Gabon to Ban Raw Manganese Exports by 2029, Chicken Imports by 2027 to Boost Local Industry

Gabon will halt the export of raw manganese from 1 January 2029 as part of a national strategy to strengthen local industry and...

FinanceNews

Ghana’s Gold Output to Rise 6.25% to 5.1 Million Ounces in 2025 – Chamber of Mines

Ghana’s gold output is projected to rise by 6.25 per cent to 5.1 million ounces in 2025, according to the Ghana Chamber of...

FinanceNews

Guinea Revokes 129 Mining Permits in Bid to Reclaim Control Over Resources

Guinea’s government has revoked 129 mineral exploration permits, stepping up efforts to regain control over the country’s vast natural resources. The decision was...

Nigeria’s External borrowing
FinanceNews

Tinubu Seeks NASS Approval to Borrow $21.5bn, ¥15bn, €2.2bn Amid Soaring Debt

Nigeria’s president, Bola Ahmed Tinubu,  has asked the National Assembly to approve a fresh external borrowing plan of $21.5 billion, €2.2 billion, ¥15...

Burkina Faso Cashew Factory
FinanceNewswaw focus

Burkina Faso Flags Off $11.5m Cashew Factory to Eliminate $111m Cheap Unprocessed Annual Cashew Export

Burkina Faso is intensifying efforts to end the export of raw agricultural products by investing heavily in local processing industries. The latest move...

FinanceNews

Burkina Faso Distributes $179 million Worth of Agricultural Equipment to Farmers Using Funds from Nationalised Gold Mining Operations

Burkina Faso has launched a major agricultural campaign funded by internally generated revenues. On 22 May 2025, President Ibrahim Traoré ‍handed over more...