Nigeria added to EU’s dirty money blacklist
14 February 2019 | 1:12 pm
The European Commission has added Nigeria, Saudi Arabia and four U.S territories to a blacklist of nations that pose a threat owing to insufficient controls on terrorism financing and money laundering. Winston Osuchukwu, Co-Founder Trans-Sahara Incorporated joins CNBC Africa to discuss Nigeria’s Anti-Laundering strategy.
The move is the latest attempt by the Saudi government to censor what it sees as LGBTQ references in the conservative country. State-run Al-Ekhbariya television said rainbow-colored materials send a "poisoned message."
The executive body of the European Union has recommended that Ukraine be granted EU candidate status. Kyiv has sought candidate status since 2014.
Ukraine's heavyweight world champion Oleksandr Usyk to face Briton Anthony Joshua in Jeddah, Saudi Arabia on Aug. 20 in a rematch of their London bout last year.
Nigerian stakeholder discuss the potential effects of a draft regulation that requires online platforms like Twitter, Facebook and Tiktok to register and open offices in Nigeria and appoint contact persons with the government's information technology development agency.
Several cities in the country were thrown into darkness on Sunday, June 12 2022, following the collapse of the national grid for the sixth time in 2022. Here is how multiple national grid collapse is paralysing business activities in Nigeria.
The leaders of Saudi Arabia and Turkey are turning the page on years of strained relations, exacerbated by the 2018 assassination of Saudi journalist Jamal Khashoggi at the kingdom's consulate in Istanbul. Face-to-face dialogue is the order of the day between Crown Prince Mohammed bin Salman and President Recep Tayyip Erdogan.
What could have been a major tragedy was promptly averted on Friday, 10 June 2022 when a petrol tanker suddenly caught fire in Ughelli, Delta State.
The Nigerian financial technology industry has not only proven the fact but has also attracted big global technical brands in business transactions. Here are some financial technology companies that are thriving in Nigeria;
British police have continued to keep a stolen Nigerian artefact. This is as a result of Nigerian officials and a Belgian antique dealer failing to reach an agreement on the return of the Ife Head.
Nigerian manufacturers are lamenting the impact of higher diesel prices on operations, stressing that most businesses are at risk of shutting down due to macroeconomic challenges.
Fitch Ratings says it expects Nigeria’s economy to witness a 3.1 per cent growth this year, as it expects rising inflation, estimated at 17 per cent this year, may dampen the country’s economic growth.
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