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Bank & Finance

Oct 01, 2019
THE Reserve Bank of Zimbabwe (RBZ) has — with immediate effect — banned all cash-in, cash-out and cash-back transactions, which were being used by dealers to extort members of the…
Sep 26, 2019
President Muhammadu Buhari of Nigeria on Wednesday evening joined his Zambian and Ethiopian counterparts in calling for unity among African countries to demand unconditional repatriation of assets stolen from the…
Sep 26, 2019
Nigerian environmental activists, under the aegies of National Interest Defenders, have dragged Shell Petroleum Development Company to court over an alleged under-declaration and non-remittance of over N5trillion worth of crude…
Sep 24, 2019
Four major banks in the country have incurred the wrath of the Central Bank of Nigeria (CBN) and the Financial Reporting Council of Nigeria, as they have been slammed with…
Sep 24, 2019
Zimbabwe's central bank has frozen bank accounts of four large companies that include fuel dealer, Sakunda as well as big car dealership, Croco Motors, pending investigations by the Financial Intelligence…
Sep 22, 2019
Ten years ago, Verve, a leading payments technology and card scheme business in Africa, was launched by Interswitch Group to reduce, if not eliminate, the burden of cash payment settlement…
Sep 20, 2019
A federal judge has ordered a temporary injunction against California’s first-in-the-nation law requiring candidates to disclose their tax returns for a spot on the presidential primary ballot.   This constitutes…
Sep 20, 2019
The National Industrial Court in Port Harcourt on Wednesday threw out a request by a former Ecobank Nigeria staff, Millicent Makililo that she be paid gratuity when she did not…
Sep 19, 2019
Iranian Central Bank (CBI) Head, Abdolnaser Hemmati, on Wednesday said the country is planning to evade American economic sanctions by switching entirely away from the dollar to national currencies in…
Sep 17, 2019
The Federal Government of Nigeria Wednesday proposed an increment of the Valued Added Tax. The increment will see the VAT rising from 5% to 7.2%. The Minister of Finance, Budget and National…
Sep 15, 2019
Angola is attracting renewed interest from Chinese business owners since it lifted curbs on money transfers, following an exodus of tens of thousands of Chinese amid an economic crisis. Africa’s…
Sep 08, 2019
The African Export-Import Bank (Afreximbank) says it will allocate 500 million dollars from its Nigeria-Africa Trade and Investment Promotion Fund to support Nigerian manufacturers. According to a statement by the…
Sep 05, 2019
The Nigerian Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has revealed plans by the Federal Government to set up a multi-donor trust fund after arrangements for the…
Sep 02, 2019
The Central Bank of Nigeria (CBN) has directed Nigerians to deposit overused or mutilated Naira notes in any bank branch closer to them, on or before September 2, 2019. The…
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