CBN to Sanction Banks, Others for Violation of Payment System Rules

[Vanguard] The Central Bank of Nigeria (CBN) yesterday threatened to impose N10, 000 daily fine on banks and other electronic payment service providers that fail to renew its operating licence within the regulatory deadline.

[Vanguard] The Central Bank of Nigeria (CBN) yesterday threatened to impose N10, 000 daily fine on banks and other electronic payment service providers that fail to renew its operating licence within the regulatory deadline.

source: AllAfrica News: Nigeria

Police Arrest 3 Suspects Armed Robbers Who Robbed Mr. Ibu’s Lagos Home

[Vanguard] Three of the suspected armed robbers who invaded the Lekki, Lagos home of Nollywood actor, John Okafor, popularly known as Mr. Ibu over the weekend, have been arrested by Lagos police command.

[Vanguard] Three of the suspected armed robbers who invaded the Lekki, Lagos home of Nollywood actor, John Okafor, popularly known as Mr. Ibu over the weekend, have been arrested by Lagos police command.

source: AllAfrica News: Nigeria

Missing 4,501 Fuel Trucks to Finance Buhari’s Re-Election – PDP

[Vanguard] The Peoples Democratic Party, PDP, has alleged that the missing 4,501 trucks of petroleum products, disclosed by Managing Director, Nigeria National Petroleum Cooperation, NNPC, Dr. Mikanti Baru, was geared towards financing the re-election …

[Vanguard] The Peoples Democratic Party, PDP, has alleged that the missing 4,501 trucks of petroleum products, disclosed by Managing Director, Nigeria National Petroleum Cooperation, NNPC, Dr. Mikanti Baru, was geared towards financing the re-election of President Muhammadu Buhari in 2019.

source: AllAfrica News: Nigeria

Bank Closure Dismays Customers

[Daily News] Bukoba -SEVERAL women with bank accounts at the Kagera Farmers’ Cooperative Bank (KFCB) have raised concern following decisions taken by the Bank of Tanzania (BoT) to close down their institution.

[Daily News] Bukoba -SEVERAL women with bank accounts at the Kagera Farmers' Cooperative Bank (KFCB) have raised concern following decisions taken by the Bank of Tanzania (BoT) to close down their institution.

source: AllAfrica News: Tanzania

Kenya’s Night Bus Travel Ban Explained

[Daily News] THE move by Kenyan Transport Authorities to restrict passenger motor vehicles from travelling after dusk is causing an uproar on the Tanzania side of the border.

[Daily News] THE move by Kenyan Transport Authorities to restrict passenger motor vehicles from travelling after dusk is causing an uproar on the Tanzania side of the border.

source: AllAfrica News: Kenya

3,300 Projects Listed As Industrial Agenda Ticks

[Daily News] WITH the industrialisation agenda gaining momentum, available statistics indicate that some 3,300 small, medium and large scale industrial projects with a combined capital of over 5trl/- were registered at various government institutions l…

[Daily News] WITH the industrialisation agenda gaining momentum, available statistics indicate that some 3,300 small, medium and large scale industrial projects with a combined capital of over 5trl/- were registered at various government institutions last year.

source: AllAfrica News: Tanzania

Zimbabwean Dollar Backed by Diaspora Bond?

[New Zimbabwe] Economist and University of Zimbabwe lecturer Ashok Chakravarti has challenged the finance ministry to consider the introduction of a new local currency backed by a diaspora bond.

[New Zimbabwe] Economist and University of Zimbabwe lecturer Ashok Chakravarti has challenged the finance ministry to consider the introduction of a new local currency backed by a diaspora bond.

source: AllAfrica News: Zimbabwe

Budget Adoption Uncertain As Parliament Blasts Health Allocation

[New Zimbabwe] Adoption of the 2018 national budget could hit a brick wall amid indications that parliament wants more money for its operations and to the health ministry allocation increased.

[New Zimbabwe] Adoption of the 2018 national budget could hit a brick wall amid indications that parliament wants more money for its operations and to the health ministry allocation increased.

source: AllAfrica News: Zimbabwe