Vice President Yemi Osinbajo has said that the government will maintain its decision not to devalue the Naira. Read more »
Ecobank Transnational Incorporated, parent company of the Ecobank Group, its Ivorian subsidiary Ecobank Côte d'Ivoire, Public Investment Corporation (PIC), Dr Dan Matjila and ... Read more »
Senegal is the first recipient of the Kuwait Fund for Arab Economic Development (KFAED) in West Africa. From the 1970s to the present day, Kuwait grant to Senegal is estimated at ... Read more »
The Central Bank of Nigeria has discontinued the sale of foreign exchange to Bureau De Change operators as part of move to preserve the nation's foreign reserves. Read more »
The withdrawal of U.S. bank Citigroup's R250 million short-term credit facility has dealt a further blow to the embattled national carrier, leading to calls for the removal of the ... Read more »
The funds are part of an estimated U.S.$5 billion which was stolen and then funneled into various foreign accounts by the late military dictator, General Sani Abacha. Read more »
The battle to defend the Naira's value has intensified, affecting existing daily withdrawal limits on automatic teller machines. Read more »
The bank was in October placed under receivership over massive fraud, with up to U.S.$380 million unaccounted for. Read more »
The Central Bank of Kenya has been directed to consider a proposal to inject U.S.$21.5 million into Dubai Bank to save it from liquidation. Read more »
The government hopes a new Nairobi International Financial Centre will transform the economy, but observers warn it could contribute to illicit financial flows, inequality and a ... Read more »
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