CBN’s minimum capital for MFBs: Impact on Nigeria’s financial inclusion drive
04 December 2018 | 1:06 pm
The recent move by the Central Bank of Nigeria to strengthen the capital base of Microfinance banks has been received with mixed reactions.
10 Oct 2020
The US has blacklisted key Iranian banks in a sweeping clampdown on country's financial sector. Iran's top diplomat Javad Zarif accused Washington of trying to "blow up our remaining channels to pay for food & medicine."
24 Nov 2020
Hundreds of people pick up holiday meals at food banks in New York City days before Thanksgiving, as the US continues to battle high unemployment from the coronavirus-induced recession. US authorities have urged Americans not to travel for the holiday, with virus cases soaring soaring past 12 million confirmed cases in the world's worst-hit country.
CBN directs banks to close accounts related to cryptocurrencies, Sanwo-Olu swears in 18 new Perm Sec
5 Feb 2021
Here are a few reasons to pick up a copy of The Guardian on Saturday. Find these stories and much more when you grab a copy of The Guardian on Saturday.
23 Feb 2021
London-based artist Sean Rodrigo builds boxes shaped like miniature shops, aimed to be used as a relay for food banks. Placed in different areas of his borough, the boxes will allow people to donate cans of non perishable food that will then be collected by a charity.
17 Mar 2021
Lawmakers wade into Banks, Telecom. operators' feud
30 Mar 2021
Several major banks are set to lose billions of dollars over links to the hedge fund Archegos, after financial troubles at the firm sparked a massive sell-off of shares. Nomura and Credit Suisse have said they will suffer significant losses, which caused their share prices to plunge on Wall Street on Monday. Archegos was backed by former star trader Bill Hwang. Also today, we look at how the wine industry in Argentina has seen rising sales during the pandemic.
1 Apr 2021
Lebanon has long been a financial capital in the region. But neighboring nations say billions are stuck in the country's failing financial system.
23 May 2021
Police are investigating the circumstances surrounding the reported appearance of more than 1,000 corpses washed up on riverbanks. State officials have refuted suggestions it is related to the coronavirus pandemic.
European banking authorities conducted the semi-annual exercise to determine whether banks have enough capital to withstand economic shock. Importantly, the results mean banks can likely resume dividend payouts.
Afghans are struggling to get cash with banks still closed following the Taliban's takeover of the country. "I've been coming to the bank for four days now but I can't get my own money," says one resident.
Almost three months after the Taliban swept to power in Afghanistan, the country's economy is imploding. Many NGOs and foreign companies have left, leaving thousands of Afghans suddenly unemployed. Some $9.5 billion of assets have been frozen abroad and banks are running out of money. The value of the local currency is plummeting and food prices have soared. This dire situation is pushing thousands of Afghans to flee the country. FRANCE 24's Catherine Norris-Trent and Roméo Langlois report.
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
2 hours ago
At the start of the pandemic, London-based Palestinian actor, filmmaker and music producer Mo'min Swaitat discovered 10,000 tapes in the West Bank while in lockdown there – music that documented a moment in Palestinian history that hadn't been heard for 30 years. He spent eight months listening to the tapes, making it his mission to digitise and re-release this window into the past. One of the tapes he found was "The Intifada 1987”, an album by Riad Awwad. Mo'min tells Eve Jackson why the discovery is so important to Palestinians.
2 hours ago
The conflict in Gaza is something we're used to seeing on the news, but now, events in the Palestinian territory are popping up on the small screen as fiction. Following the success of hit Israeli shows like "Fauda", Hamas is throwing itself into television production, with a series to tell its side of the story. We take a closer look.
2 hours ago
While WhatsApp has over 2 billion users, Telegram has over 500 million monthly active users. Apart from these 2, Wire, Discord, Viber, and Skype are some other options in the list of WhatsApp alternatives. Telegram focuses on security, is free and importantly, it can be used on all devices at the same time.
4 hours ago
Palm worm, also known as white worm and fos in Cameroon, is one of the most consumed delicacies of Cameroonian cuisine, as it is considered a "vitamin store". It was consumed in the past to meet the nutritional needs in rural areas but it has started to be consumed in cities and on rich tables with its natural cheese flavor.
4 hours ago
The omicron variant of COVID-19, which was first detected in South Africa, has so far resulted in fewer deaths and hospitalizations than previous waves. Though some experts warn not to take the variant lightly, life has almost returned to normal in cities such as Cape Town, where restaurants and bars are open for the first time since the pandemic began.
4 hours ago
A massive volcanic eruption in Tonga that triggered tsunami waves around the Pacific caused significant damage to the island nation's capital and smothered it in dust. Yet some internet users shared false images of the natural catastrophe. Why? We take a look at why fake footage frequently circulates on social media in the aftermath of extreme weather events and other catastrophes.