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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.

US: Malta seizes $1 billion in counterfeit Libyan money

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 Central Bank Governor Patrick Njoroge arrives for a news conference at the Central Bank of Kenya (CBK) headquarters in Nairobi, Kenya July 25, 2019. REUTERS-Stringer

Kenya central bank governor says small businesses need urgent help

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.
The central bank of eSwatini has cut its main lending rate by 50 basis points to 4%, its latest reduction in recent months in response to the outbreak of the coronavirus.

eSwatini cuts rates further in response to virus

The central bank of eSwatini has cut its main lending rate by 50 basis points to 4%, its latest reduction in recent months in response to the outbreak of the coronavirus.
Ghana’s central bank held its interest rate at 14.5%, it said on Friday, as the country anticipates a negative economic impact from the spread of the coronavirus.

Ghana central bank holds key rate at 14.5 percent

Ghana’s central bank held its interest rate at 14.5%, it said on Friday, as the country anticipates a negative economic impact from the spread of the coronavirus.
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.

Liberia withdraws corruption charges against ex-president’s son

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.
Kenya Central Bank Governor Patrick Njoroge arrives for a news conference at the Central Bank of Kenya (CBK) headquarters in Nairobi, Kenya July 25, 2019. REUTERS-Stringer

Kenya central bank to hold rate-setting meeting on May 27

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 of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank to offer grants in race for coronavirus vaccine

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 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.

South Africa strips Land Bank debt of high quality asset status

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.

South Africa suspends use of Land Bank debt as collateral after default

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.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Nigerian government gives guidelines for spending coronavirus funds

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.
Minister of Information and Culture, Alhaji Lai Mohammed

Nigeria grants two-month licence fee waiver to broadcast stations

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.
Mrs Toki Mabogunje, President LCCI said this at the Chamber’s second quarterly briefing on the state of the economy on Tuesday in Lagos.

Lagos chamber educates private sector on post coronavirus economy

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.
A pre-colonial era monument stands along Kenyatta Avenue in front the Standard Chartered Bank in Kenya's capital Nairobi, file. REUTERS-Noor Khamis-File Photo

StanChart Kenya restructures 6 percent of loan book due to coronavirus

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.

Nigeria’s central bank urged withdraw old naira notes from circulation

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.

Zimbabwe central bank to cut main lending rate to 15% from May 1

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.
RIYADH - 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.

Saudi-led coalition rejects South Yemen self-rule declaration

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."
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s central bank levies $3.9 billion on banks to soak up liquidity, support Naira

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 firmed against the dollar early on Wednesday after President Cyril Ramaphosa announced a 500 billion rand ($26.41 billion) rescue package on Tuesday evening to cushion the economic blow of the COVID-19 pandemic.

South Africa’s rand gains before president’s speech on reopening economy

South Africa’s rand gained against the dollar early on Thursday, before President Cyril Ramaphosa speaks later on the phased reopening of the economy.

Recent Stories

Cameroon military acknowledges soldiers arrested in Togo

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 centrist party leader Benny Gantz said he has accepted an invitation to meet United States President Donald Trump in Washington on Monday to discuss a peace plan for the Middle East.

Israeli defense minister apologizes over Palestinian’s death

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.
Lagos State Governor Babajide Sanwo-Olu

Lagos set to reopen economy

The Lagos State Government would soon embark on the ‘Register-to-Open Initiative’ toward the gradual reopening of the economy in the state.

Senator Ajimobi’s ex-aide defects to PDP

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.

RRS arrests man over nude photos of Salawa Abeni

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.