CBN directs banks to stop using FX revaluation gains to pay dividends, operating expenses
September 12, 2023 The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to stop utilising gains from their foreign exchange revaluation for dividends and operational expenditures. The…
African leaders press Putin to end Ukraine war
July 28, 2023 African leaders pressed Russian President Vladimir Putin on Friday to move ahead with their peace plan to end the Ukraine war and to renew a deal on…
Britain sanctions Wagner-linked officials in three African countries
July 20, 2023 Britain on Thursday sanctioned 13 individuals and businesses in the Central African Republic, Mali and Sudan with links to Russia’s Wagner Group, including one it described as…
US asks what’s next for Russia’s Wagner in Middle East, Africa
June 28, 2023 The United States is examining how the Wagner Group’s short-lived mutiny against Russia’s military establishment might affect the mercenaries’ operations in the Middle East and Africa, officials…
Some militant arms in Niger came from West African state stockpiles – Report
May 24, 2022 Significant proportions of weapons and arms seized from Islamist insurgents in Niger came from West African state stockpiles, suggesting authorities are struggling to secure arms stores in…
PARRALLELS IN TWO TRAGEDIES
Dec. 6, 2021 By: Babatunde Irukera I have resisted the urge to publicly publish a comment on the rather tragic and needless death of Sylvester Oromoni. The reason is perhaps…
Non-performing loan sees improvement from 6.58% to 5.9 % in August 2021
Oct. 22, 2021 … CBN reiterates banks remain stable, resilient The Central Bank of Nigeria (CBN) says banks in the country have remained stable, robust and resilient in spite of…
World Cup Qualifier: 22 Eagles in camp for CAR Thursday cracker
OCTOBER 6, 2021 Twenty-two players were at the Super Eagles camp in Lagos by Tuesday ahead of their 2022 FIFA World Cup African Qualifiers Day 3 encounter against the Central…
Three UN peacekeepers killed in 3 days in CAR, Mali
Three peacekeepers were killed and four others injured in separate attacks in the Central African Republic (CAR) and Mali over the past three days, according to the United Nations. The…
NDIC says in spite of negative ratings Nigerian banks remain stable
The Nigeria Deposit Insurance Corporation (NDIC) on Tuesday said that the country’s banks remain stable in spite of a negative rating on Nigeria by global credit rating agency, Moody’s. Mr…