N30bn unserviced Debt: How customers almost killed Nigeria’s Agric. Bank
17 October 2017 | 9:30 am
N30bn Unserviced Debt: How customers almost killed Nigeria's Agric. Bank.
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Frontline worker Ahmad al-Enezi struggles are similar to that of many other members of Kuwait's stateless community, as the Gulf country pushes to determine their status, in the latest chapter of what its critics see as an enduring human rights abuse.
Palestinian residents will now be able to move freely through checkpoints in the territory. Israel took control of the West Bank in 1967.
Israel is planning to build more than 1,300 more homes in the occupied West Bank. The number adds to some 2,000 approved in August and increases fears for an already elusive peace process.
Report: Africa to see less funding for fossil fuels - Nigeria introduces eNaira digital currency - Solar powered vehicles made in Germany?
Benefitting from soaring demand for online ads, Google's parent company Alphabet reported nearly $19 billion in profits between July and September, up 68 percent from the same period last year. Microsoft's earnings also beat expectations, while French consumers are gearing up for some price hikes at the bakery.
The Biden administration has said it "opposes" the advancement of Israeli settlements in the West Bank. The move is a shift from the open support of settlements from ex-President Trump.
Bar owner Mohamed Lamin Mansaray told everyone to run away from his bar just before a fuel tanker exploded following a traffic collision, killing at least 99 people and injuring hundreds more on Friday (November 5) in Sierra Leone. The explosion destroyed Mansaray's business killing a staff member and destroying his home, which he had built for himself and his 10 family members. "We are getting into festive season....I have just purchased a brand new musical set, lots of drinks from the Sierra Leone brewery and chairs that worth about Le 270,000,000 (24,700 USD). Property that I have lost and one of my staff died”, said Mansaray while pointing at what is left of his business.
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.
Kenyan police stormed an attempted bank robbery in the western city of Kisumu, with officers spending several hours in a gunfight with the robbers, a senior government official said.
The World Bank is backing Nigeria’s quest to get rid of fuel subsidy. The Country Director of the World Bank Shubham Chaudhuri, who led his team on a courtesy visit to The Guardian Group on Tuesday, November 30, explained why fuel subsidy is not sustainable. Chaudhuri, nevertheless, advised the Nigerian government to build consensus before its scheduled removal of the controversial subsidy policy.
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?
2021 brought big changes to households and businesses around the world. In the last show of the season, Stephen Carroll and Kate Moody take a look at some of the biggest business and economic stories of the year and how they might evolve in 2022.
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