The Board of Ecobank Transnational Incorporated has announced the decision of Kolapo Lawson to step down as its chairman, amidst allegations of fraud that are being investigated by ... Read more »
Kenyan immigration officials say an unregulated and traditional Somali money transfer system known as 'hawala' is being used as a source of finance by terrorist group Al Shabaab. Read more »
The Central Bank of Nigeria governor, Malam Sanusi Lamido Sanusi, has been honoured with the 2013 Central Bank Governor Award for Sub-Saharan Africa. Read more »
Barclays Bank has set a deadline for suspending business with wire transfer services operating in Somalia, after reports that the service is being used to fund terrorist group Al ... Read more »
The premium magazine, 'Hello! Nigeria', will target royalty, celebrities and iconic personalities across West Africa. Read more »
Experts say London-based Barclay's bank plans to close the accounts of money transfer firms, for fear it might end up in the hands of "terrorist" groups, might prove ... Read more »
The Central Bank of Nigeria has declared that it will resist pressure to devalue the naira as it retains ample funds to defend the currency. Read more »
Governor of the Central Bank of Nigeria, Malam Sanusi Lamido Sanusi, has commenced a fresh campaign for the redesigning of the country's currency, to curb the activities of ... Read more »
The World Bank has approved credit facilities of U.S.$300 million for Nigeria to boost agricultural output and food security. Read more »
The central bank maintains that the cashless policy will be extended to the Federal Capital Territory and five other states, despite calls by the House of Representatives for a ... Read more »
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