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Maltese authorities have seized counterfeit Libyan money worth $1.1 billion that was printed by a Russian firm and worsen the north African country’s economic problems, the US State Department said.
Kenya’s small and medium businesses need urgent help to survive the economic slowdown caused by the novel coronavirus, and many are at risk of shutting down by the end of June, the head of the central bank said on Thursday.
Charles Sirleaf, the son of former Liberian president and Nobel laureate Ellen Johnson Sirleaf, was among the five originally indicted, as an ex-deputy governor at the central bank.
At its April meeting, the bank cut its benchmark lending rate to 7.0% from 7.25%, saying action to cushion the impact of the coronavirus was having an effect, but the bank needed to
The Central Bank says it is developing a framework to offer grants and credit to researchers, science institutions and biotechnology firms to develop a vaccine against Covid-19.
South Africa’s central bank will no longer allow commercial lenders to use debt issued by state-owned Land Bank to meet their capital adequacy requirements as they are longer considered a “high quality liquid asset”.
South Africa’s central bank has temporarily prohibited the use of debt issued by the Land Bank as collateral after the state agricultural lender was downgraded deeper into junk status and missed $2.7 billion in loan repayments.
Disbursements of the COVID-19 funds domiciled with the Central Bank of Nigeria (CBN) and commercial banks will be after appropriation by the National Assembly.
The Federal Government has granted a two-month licence fee waiver for terrestrial broadcast stations in the country as part of measures to cushion the effect of the Coronavirus (COVID-19) pandemic on the broadcast industry.
The Lagos Chamber of Commerce and Industry (LCCI) has advised organised private sector to leverage creativity and innovation to rebuild a competitive economy post-COVID-19.
Lenders in the East African nation have so far restructured 81.7 billion shillings in loans since the central bank allowed them to offer relief to distressed borrowers on March 18, the central bank said last week.
The Association of Progressive Nigerians has appealed to the Central Bank to withdraw old and tattered naira notes from circulation as the country is battling COVID-19 pandemic.
Zimbabwe’s central bank said on Wednesday it would cut its main lending rate to 15% from 25% effective May 1 as part of measures to help the economy deal with the effects of the coronavirus outbreak.
The Saudi-led military coalition on Monday rejected Yemen separatists' declaration of self-rule over the country's south and demanded "an end to any escalatory actions."
Nigeria’s central bank has collected 1.4 trillion naira ($3.9 billion) from banks with excess cash holdings as part of measures to support the currency, banking sources told Reuters.
South Africa’s rand gained against the dollar early on Thursday, before President Cyril Ramaphosa speaks later on the phased reopening of the economy.
Cameroon’s military says three of five men recently arrested by Togolese police and portrayed by Togolese media as notorious criminals who committed serious offenses against Togolese citizens are Cameroonian soldiers, while the other two are former convicts. The three military men stole weapons from the military headquarters in Yaoundé and went to Togo’s capital, Lomé, where they used the weapons to harass Togolese, according to Togolese police.
Israeli Defense Minister Benny Gantz apologized on Sunday for Israeli police’s shooting to death an unarmed, autistic Palestinian man in East Jerusalem on Saturday.
The Lagos State Government would soon embark on the ‘Register-to-Open Initiative’ toward the gradual reopening of the economy in the state.
The candidate of the All Progressive Congress (APC) for the Ibadan Southeast/Northeast Federal House of Representatives in Oyo state during the 2019 general election, Mr Deji Aboderin, has defected to the ruling People’s Democratic Party.
The operatives of Rapid Response Squad (RRS) has arrested a 19-year-old National Diploma holder of Yaba College of Technology, Lagos as the brain behind the blackmail of Queen Salawa Abeni with nude photographs.
Rivers State Government has slashed its 2020 budget size by nearly half, 48% from N530,813,357,619.00 Billion to 300,370,071,183.00 Billion.
Super Eagles captain Ahmed Musa has ruled out a move away from Al Nassr, insisting he still has a contract with the Saudi Arabian club.
Bastian Schweinsteiger believes Bayern Munich are well equipped to win a Bundesliga, DFB-Pokal and Champions League treble this season as he considers a return to football.
President Muhammadu Buhari is currently participating in a virtual United Nations (UN) world forum on Financing for Development in the Era of COVID-19 and Beyond.
The four Warri, Delta State journalists who were arrested Tuesday by police detectives from Abuja have regained their freedom.