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Two Angolans arrested in Mozambique over fake $16,000 stash
About $16,000 (£11,500) of counterfeit notes have been seized in Mozambique, with investigators suspecting that a regional syndicate is specialising in printing fake currency. Police said they had arrested two Angolans, and arrest warrants for other suspects would be issued....
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Access Bank slashes staff salaries to avert job losses as COVID-19 slows economy
Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the operations of Nigeria’s biggest lender, according to people with direct knowledge of the matter. The reductions are expected to start from May unless business condi...
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Central Bank of Nigeria raises agric credit scheme fund to N50bn
The Central Bank of Nigeria disclosed this in a document on Monday entitled ‘Agricultural Credit Guarantee Scheme Fund (Amendment) Act 2019. It stated that the ACGSF Amendment Act was assented to by the Federal Government on June 24, 2019. According to the document, complete...
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Hadiza Bala-Usman: Fixing the Apapa Gridlock With “Eto”, — Reuben Abati
Hadiza Bala-Usman clearly needs all the support she can get. But a lot will also depend on the courage she brings to the table. Rent-seekers, area boys, cargo owners, thieving customs officials will test her resolve. She must be firm and resolute, and it is only by doing so,...
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Online betting firms continue to flourish in Nigeria
Online sports betting is booming in soccer-mad Nigeria largely thanks to payment systems developed by homegrown technology firms that are starting to make online businesses more viable. For years, mobile payments failed to take off in Nigeria as they have in countries such a...
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Chude Jideonwo, Adebola Williams unveil cover for new book, ‘How to Win Elections in Africa...
RED co-founders, Chude Jideonwo and Adebola Williams yesterday unveiled the cover for their forthcoming book – ‘How to Win Elections in Africa: Parallels with Donald Trump’. Scheduled for release in November, the book chronicles the ideas and ideals imperative for Africans a...
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Hadiza Bala-Usman clearly needs all the support she can get. But a lot will also depend on the courage she brings to the table. Rent-seekers, area boys, cargo owners, thieving customs officials will test her resolve. She must be firm and resolute, and it is only by doing so,...
President Muhammadu Buhari’s Thursday reappointment of Hadiza Bala Usman as Managing Director of the Nigerian Ports Authority (NPA), indorses the administration’s appreciation of hard work and commitment to fatherland. If not for any other thing, Bala Usman has in the past f...
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With the rapid and continued infamy of fake news becoming a global pandemic, we must have yet another look at what this scourge holds for our society. In recent times, we have seen how peddled lies have been used as tools to stir up people to violence and violent acts. Most ...
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The Central Bank of Nigeria disclosed this in a document on Monday entitled ‘Agricultural Credit Guarantee Scheme Fund (Amendment) Act 2019. It stated that the ACGSF Amendment Act was assented to by the Federal Government on June 24, 2019. According to the document, complete...
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South African authorities have apprehended eight people suspected of illegally siphoning 2.3 billion rand ($133.87 million) from small lender VBS Mutual Bank, which collapsed in 2018 because of the corruption scandal. Godfrey Lebeya, head of South Africa’s Directorate ...
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Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the operations of Nigeria’s biggest lender, according to people with direct knowledge of the matter. The reductions are expected to start from May unless business condi...
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Two Angolans arrested in Mozambique over fake $16,000 stash
About $16,000 (£11,500) of counterfeit notes have been seized in Mozambique, with investigators suspecting that a regional syndica...
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Kenyans arrested for giving fake COVID-19 jabs
Police in Kenya are holding two suspects who impersonated doctors and administered what is believed to be fake Johnson & Johns...
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Africa to get fewer COVID-19 vaccines than expected through Covax
African countries are set to receive far fewer Covid vaccine doses that initially expected from Covax – the organisation est...
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Guinea military junta freezes all government accounts
Guinea’s military junta has ordered banks to freeze all government-related accounts so as to “secure state assets̶...