Nigeria loses $77.7bn to illicit financial flows in 10 years — ReportBy Yinka Kolawole A new report by Global Financial Integrity (GFI), a United States-based think tank, has revealed that Nigeria lost a total of $77.7 billion to trade-related illicit financial flows (IFFs) over a perio ...
Businesses buckle under debt as defaults push bad loans to N21.2trnHigh interest rates, FX shocks, end of COVID forbearance trigger spike in corporate loan failures By Babajide Komolafe, Economy Editor At the backdrop of economic pressures on households and businesses, banks are now s ...
Ghana records significant declines in oil liftings and petroleum revenueGhana recorded a significant decline in its petroleum receipts for the second half of 2025, with total revenue dropping by approximately $117.38 million compared to the same period in 2024. ...
Nigeria’s fintechs raise $520m, lead Africa amidst interest rate pressure — CBN•Urges domestic funding to sustain fintech growth •Says over 60% of fintechs eye regional expansion By Babajide Komolafe, Economy Editor Nigeria’s fintech ecosystem remained Africa’s leading innovation hub in 20 ...
Payment downtime spikes during ‘Detty December’, CBN revealsBy Babajide Komolafe The Central Bank of Nigeria, CBN, has disclosed that payment system downtime and service interruptions increased significantly during the December festive season, popularly known in Lagos as “Dett ...