Ethiopia Rejects US Accusations Of War Crimes
Ethiopia's government has rejected a statement by the US alleging that members of its forces, along with Eritrean and Amhara forces, committed war crimes during the two-year war. The Ministry of Forei...
22 Mar 202358s
Africa Accounts For 55% Of World’s Poor
The Chief Economist at the Economic Commission for Africa, Hanan Morsy, says Africa currently accounts for more than half of the World’s poor 54. 8 per cent. Morsy says the continent faced a tsunami o...
22 Mar 20231min
Putin Considers Ties With Africa A Priority
President Vladimir Putin says that deepening ties between Russia and Africa was a key goal for the Kremlin, as Moscow seeks to expand its influence on the continent. He added that Russia would continu...
22 Mar 202351s
Central Bank of Nigeria Raises Interest Rate to 18%
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 50 basis points to 18. per cent. The CBN Governor, Godwin Emefiele, says the committee...
22 Mar 202358s
Sanwo-Olu Increases Lagos Workers’ Salary By 20%
Lagos State Governor, Babajide Sanwo-Olu, has increased the salaries of workers in the state by 20 per cent, shortly after he secured a second term in office. The Head of Service, Hakeem Muri-Okunola,...
22 Mar 20231min
Nigerian Government Removes 5% Tax On Calls, Data
The Federal Government has announced the removal of its proposed five per cent excise duty on telecommunication services. The Minister of Communications and Digital Economy, Isa Pantami, Pantami, says...
22 Mar 20231min
New York Community Bank To Buy Failed Signature Bank
The Federal Deposit Insurance Corp says New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7bn deal. The FDIC says the 40 branches of Signature Bank wil...
21 Mar 202358s
Central Banks To Boost Flow Of US Dollars Amid Market Unease
Central banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the Credit Suisse merger. Six central banks, including the Bank of England, announced th...
21 Mar 202357s
