Central Bank Governor Godwin Emefiele has confirmed the immediate removal of the entire board of First Bank of Nigeria, appointing new directors. Emefiele said that "for years ... Read more »
There are growing fears that earnings from tobacco, which remains touted as the country's second single largest foreign currency earner after gold's net export proceeds, might be ... Read more »
Over the years, Nigeria has seen the collapse of many buildings, particularly that of residential accomodation. This played a huge part in the National Insurance Commission ... Read more »
The government has been forced to reintroduce its defunct Agricultural Finance Corporation after financial institutions grouped under the Bankers Association and resolved not to ... Read more »
The executive boards of the World Bank and International Monetary Fund (IMF) declared Sudan eligible for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) ... Read more »
The government of China has announced a partial pardon of debt totalling U.S.$36 million, equivalent to about 2% of Mozambique's debt with the Asian country, to help in the fight ... Read more »
The Supreme Court has overturned a High Court decision that set aside a central bank exchange control directive which had unilaterally ordered conversion of U.S. dollar bank acco Read more »
The Mozambican Attorney-General's Office has not withdrawn accusations of bribery against the Abu Dhabi based group, Privinvest, which is at the heart of the scandal of ... Read more »
More than 260 charity organisations have urged banks not to finance a U.S.$3.5 billion oil pipeline in East Africa, over concerns that the project could lead to the loss of ... Read more »
"The government went on a borrowing spree over the last few years and was then unable to repay," notes Peter Leon, co-chair of the Africa group at the law firm Herbert Smith ... Read more »
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