Bank & Finance

Jun 12, 2019
The Italian Government on Monday said it is willing and ready to help Nigeria repatriate stolen funds stacked in foreign countries.   The Italian Ambassador to Nigeria, Dr Stefano Pontesilli…
Jun 10, 2019
China’s foreign exchange reserves expanded slightly to 3.101 trillion U.S. dollars at the end of May, up 0.2 percent from the end of April, official data showed Monday.   The…
Jun 05, 2019
The Kano State Public Complaints and Anti-corruption Commission says it has uncovered over N3.4 billion allegedly misappropriated by the Emir of Kano, Alhaji Muhammadu Sanusi II.   The alleged amount…
Jun 05, 2019
A British court has seized £211,000,000 million  looted from the Nigerian treasury by the former Nigerian dictator and military head of state, General Sani Abacha.   Abacha was head of…
Jun 02, 2019
The Bank of Ghana has revoked the licences of 347 insolvent microfinance companies, saying the institutions continue to pose risk to the entire financial system. “Given the risks that these…
May 30, 2019
The longtime struggles of pensioners of the defunct Nigeria Airways appears to be paying off as President Muhammadu Buhari has approved the sum of N22.6 billion to settle their entitlements.…
May 29, 2019
The costs of corruption run deep. Your taxpayer dollars are lost in different ways, siphoned off from schools, roads, and hospitals to line the pockets of people up to no…
May 22, 2019
United Bank for Africa (UBA) has asked Justice Mohammed Liman, presiding over a Federal High Court in Lagos to dismiss a motion filed by a Petroleum Resources firm, Sahara Energy…
May 22, 2019
Mr Moses Garuba, Commandant General, Federal Task Force (FTF) has reiterated the commitment of the unit to boost revenue for the Federal Government. Garuba stated this during a Public Hearing…
May 19, 2019
MTN Nigeria Communications Plc on Friday signed a seven-year 200 billion naira medium term facility with a consortium of seven mostly local banks. The company stated this in a statement…
May 18, 2019
Inland Revenue Service (FIRS), Mr Babatunde Fowler, addressing delegates at a high-level meeting on “International Cooperation to Combat Illicit Financial Flows and Strengthen Good Practices on Assets Return” convened by…
May 17, 2019
The Central Bank of Nigeria (CBN) on Thursday set up a committee for the revival of the country’s cotton, textile and garment industry. This followed the earlier restriction of official…
May 17, 2019
In a bid to support the further growth of SMEs in South Africa, Maersk has announced plans to offer digital trade finance in South Africa. Global Head of Trade Finance…
May 13, 2019
Pakistan has secured a six-billion-dollar bailout package from the International Monetary Fund (IMF) to revive the South Asian economy which faces a balance-of-payment crisis. The agreement was reached between Pakistan’s…
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