Kenya reinstates fuel subsidy months after scrapping it
Kenya has reinstated fuel subsidy nearly a year after President William Ruto scrapped it on his first day in office.
The government said it reintroduced...
Exclusive: World Bank denies Uganda bias, explains gay law decision
The World Bank has denied bias in its decision to halt further lending to Uganda over the country’s anti-LGBTQ law.
Last week, the lender announced...
Petrol going to N720 a litre as naira suffers, marketers say
The retail price of petrol in Nigeria is bound to rise to between N680 and N720 a litre in the coming weeks if the...
CBN finally admits breaking law with N23 trillion loan to Buhari govt
The Central Bank of Nigeria (CBN) has admitted for the first time it broke the law by advancing N23.2 trillion to the Buhari government,...
Nigeria dollar bonds fall after CBN report reveals Goldman Sach, JP Morgan loans
The Central Bank of Nigeria released its financial report on Friday for the first time in seven years, revealing it took hefty loans from...