The UK subsidiary of Nigeria’s Guaranty Trust Bank was fined £7.6 million ($9.3 million) by Britain’s financial watchdog for what it claimed were additional shortcomings
Category: Africa
Nigeria’s $53b loan swap: Additional $4b interest to be paid if jettisoned by lawmakers. – Buhari.
President Muhammadu Buhari declared on Tuesday that if parliament rejects a request for a loan-to-bond swap on the central bank’s overdrafts to the government, Nigeria
Nigeria’s naira crashes to record low on the official market. – Refinitiv data
Following the Christmas holiday, trading resumed on the official market on Wednesday, and the naira of Nigeria touched a record low of 460.20 to the
Nigeria: Central Bank’s money printing gambit ruined the economy, Senate concurs.
Following concerns from some legislators, the Nigerian Senate on Wednesday increased the country’s 2023 budget by 6.4% to 21.83 trillion naira ($49 billion) and postponed
Nigeria to convert $53b Central Bank short-term loans to long-term, in view of economic downturn.
President Muhammadu Buhari said in a letter to parliament that Nigeria will convert a total of 23.7 trillion naira ($53 billion) in short-term loans owed
Nigeria: US to review security assistance and impose sanctions over forced abortion report. – Senator.
Following Reuters’ reporting on an illegal abortion program and the execution of children by the Nigerian military, U.S. Senator Jim Risch, the senior Republican on
Sports betting in Africa: Fast expanding into a lucrative, addictive, fatal venture.
The Ugandan health officer bet $1,800 that had been granted to him by the authorities as compensation for 243 persons who had taken part in
Nigerians get poorer as the inflation rate accelerated to 21.47% in November.
The statistics agency reported on Thursday that inflation in Nigeria increased for the tenth consecutive month, from 21.09% in October to 21.47% in November. According
Africa’s booming e-payments market: Visa to invest $1b over the course of five years.
At the U.S.-Africa Leaders’ Summit on Wednesday, Visa Inc. announced plans to invest $1 billion over the next five years in Africa to take advantage
Boko Haram war: US State Department expresses shock over report of Nigerian government killing children.
According to a Reuters story, the Nigerian army killed children while battling terrorists, and the United States has brought up these concerns with the Nigerian
Load More
