Hundreds of millions pledged for African carbon credits at inaugural climate summit
September 4, 2023 An initiative to boost Africa’s carbon credit production 19-fold by 2030 drew hundreds of millions of dollars of pledges on Monday as Kenyan President William Ruto opened…
OPEC+ unlikely to deepen oil supply cuts at June 4 meeting – Sources
June 1, 2023 OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four…
P&ID Scam: Witness tells court how Grace Taiga received $4969, $5000 using daughter’s account
Jan. 11, 2022 A fourth prosecution witness presented in the trial of Mrs. Grace Taiga, a former Director, Legal Services of the Ministry of Petroleum Resources by the Economic and…
‘FinCEN’ documents reportedly show banks moved illicit funds in over 20 years – BuzzFeed, ICIJ
Several global banks moved large sums of allegedly illicit funds over a period of nearly two decades, despite red flags about the origins of the money, BuzzFeed and other media…
UK lawmaker says HSBC, Stanchart, Baroda ‘directly culpable’ in South Africa corruption
Jacob Zuma Corruption under South Africa’s former president Jacob Zuma was enabled by international banks, companies and governments which should now seek to recover the loot they helped to…
HSBC to cut up to 10,000 jobs worldwide in drive to slash costs – FT
HSBC Holdings Plc is planning to cut up to 10,000 jobs, more than 4% of its workforce, as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the…
Technical software issue causes LSE’s FTSE stock market to suffer longest outage in years
A technical glitch delayed the start of trading on Friday on the UK blue chip FTSE 100 and midcap stock indexes for almost two hours in what was…
Mexico’s largest banks report failures in processing card payments
Several of Mexico’s largest banks reported on Saturday that they were experiencing problems processing debit and credit card payments while some shops in the capital informed customers that they would…
How Swiss HSBC Helps in Money Laundering; reason Nigerians ship cash to Swiss Banks
HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic…
Presidency to HSBC: You’re corrupt, return our stolen assets
The Presidency says the global banking giant, HSBC, has no moral justification whatsoever to project that a second term for President Muhammadu Buhari “raises the risk of limited economic progress…