Head of the International Monetary Fund (IMF), Kristalina Georgieva, has said the world’s economy is in for a tougher year as it projects one-third of the globe sliding into recession.…
This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It…
Tanzania on Tuesday signed a $2.2-billion contract with a Chinese company to build the final section of a railway line aimed at linking the country’s main port with its neighbours.…
US officials announced Tuesday a $3.7 billion settlement with Wells Fargo over an array of “illegal activity” that burdened customers with wrongful home foreclosures and other problems. Wells Fargo will…
The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals is targeted at point-of-sales (PoS) agents in particular. Though the apex bank, on December…
Taiwan’s premier on Sunday accused China of violating international trade rules and “discriminating” against the island after it halted more Taiwanese imports. According to Taiwan’s finance ministry, Chinese customs authorities…
When Barack Obama welcomed African leaders to Washington in 2014, many viewed the summit as historic, not just due to the US president’s background but for the pledges to make…
Vice President Yemi Osinbajo, SAN, has said that participating in the carbon market would not only offer Nigeria and Africa the opportunity for growth, industrialization and job creation for its…
The Senate has raised concerns about the latest Central Bank of Nigeria (CBN) policy on cash withdrawals. Senate Minority Leader Phillip Aduda in a point of order during plenary on…
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals and corporate entities do…