Petroleum Prices Hiked

The Government of Liberia through the Ministry of Commerce & Industry and the Liberia Petroleum Refining Company ("LPRC") has increased the prices of petroleum produces with immediate effect . According to a petroleum price circular...

US$41million Dangote’s Deal Faces Scrutiny

President Ellen Johnson Sirleaf’s bill seeking investment incentive for billionaire Nigerian businessman Aliko Dangote has been tabled in the House of Representatives for review. The Nigerian has reached an agreement with the Executive to operate...

More Companies Linked to Scandal

The public inquiry Into the Global Witness bribery report has identified new companies and institutions that may have links to the scandal. Western Clusters, Delta Mining Consolidated (Pty) Ltd and West Africa Exploration are the...

Liberia Sinks in Debt

By Festus Poquie The economic and financial situation in Liberia is becoming worrisome as the country appears to have gone out of cash and its growing public debt stock  serving as hindrance to acquiring new...

Money Crisis: Ellen Following Adolph Hitler

By Festus Poquie supply is likened to 19th century German dictator Adolph Hitler’s economic idea that favors the printing of more currency to finance government. Johnson-Sirleaf has asked legislators to approve the printing of new banknotes...

US$500,000 Lost In Ore Revenue

Due to falling iron ore price on the international market, Liberia has lost approximately US$500,000 in revenue generated from iron-ore mining in the country, a senior official of the country’s energy sector disclosed at...

Liberia: No Security Threat to Vessels Operation, International Trade

Liberia has made remarkable progress under the International Port Security Program through the United States Coast Guard and International Maritime Organization. Results from the just concluded ISPS inspection from November 17-19, 2015 have certified “all...

Depression or Corruption?

Revenue outlook for the first quarter of the current fiscal year has cast doubt over official explanation that the unfolding economic crisis in Liberia is due to global commodity price fall and the Chinese...

Meltdown: US$2.6bn Iron Ore Company Crash

By Varney M. Kamara The multi-billion dollar Chinese owned iron ore mining company, China Union Investment has confirmed an unspecified “huge” financial loss, causing it to halt operation. More than 300 Chinese working on the Company’s...

Turmoil! Liberia’s Economy Enters ‘Depression’

By Festus Poquie The Liberian economy appears to have dipped into depression with pronouncement from the country’s Finance and Development Planning Minister that the nation has almost entered the era of economic turmoil. In November 2014,...