Author: Marketforces Africa

The Financial Stability Board (FSB) and International Monetary Fund (IMF) today published a report .

Crude oil prices remained on an upward trajectory after the United Arab Emirates oil minister warned that China’s reopening

Ecobank Nigeria, an affiliate of the leading Pan-African banking Group, Ecobank Group…

Dukia Gold and Precious Metals Refining Company Ltd., says it has completed arrangements to trade

The Nigeria Data Protection Bureau (NDPB) has commenced investigations into reports

Nigeria’s total public debt rises to N41.60 trillion in the first quarter of the fiscal year 2022, according to the Debt Management Office

Africa’s largest digital payments network, MFS Africa says it has reached an agreement to buy Global Technology Partners

The World Bank says economic growth in Sub-Saharan Africa (SSA) is expected to decline to 3.7 per cent

Forex Trader Jailed for N20m Cryptocurrency Fraud An Ikeja Special Offences Court on Tuesday sentenced a forex trader, Shola Henry, to two years imprisonment for stealing N20 million. Justice Oluwatoyin Taiwo, in her ruling, held that cryptocurrency business was nothing but a Ponzi scheme. “The prosecution, however, proved the charge of stealing against the defendant and he is found guilty as charged of count six. “The defendant is hereby sentenced to two years’ imprisonment or pay a fine of N2 million. His company is also fined N1 million. “The defendant is hereby given one year to make restitution of N20…

Oando Clean Energy Limited has announced the signing of a Memorandum of Understanding (MoU)