GTB, First Bank Forex Licences Suspended By Bank Of Ghana
Two Nigerian-affiliated banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited, have had their Foreign Exchange Trading Licences suspended by the Bank of Ghana. Effective March 18, 2024, the suspension will last for a month .The Ghanaian apex bank issued a statement on Monday, announcing the suspension. The decision to suspend these banks stems […]
Binance To Put Naira Transactions On Hold
In light of regulatory tensions within Nigeria, Binance is set to temporarily pause its services linked to the nation’s fiat currency, the naira. Allegations surfaced against Binance, a prominent cryptocurrency exchange, accusing it of manipulating the value of Nigeria’s currency, the Naira, resulting in a sharp decline. In addition, the company faces allegations of involvement […]
US Supreme Court Unanimously Returns Trump To 2024 Ballot
The Supreme Court of the United States on Monday removed a potential hurdle to Donald Trump’s bid to recapture the White House, unanimously throwing out a state court ruling that could have barred him from the ballot for engaging in insurrection. The key ruling in favor of the former president came less than 24 hours […]
Ghana’s Finance Ministry Warns Against Anti-LGBTQ+ Bill
The Ministry of finance in Ghana has called on the president not to give his Presidential assent to a controversial anti-LGBT bill passed by parliament last week. It warns the country could lose a total of $3.8bn (£3bn) in World Bank funding over the next five to six years. The bill prescribes three years in […]
China Sets 5% Growth Target, Increases Military Budget
The government of China has set its economic growth target for 2024 at 5 percent, far below the double-digit growth that for decades powered the world’s second-largest economy indicating a sharp drop in expectations. Africa Today News, New York reports that China’s rubber-stamp National People’s Congress (NPC) officially unveiled the target on Tuesday as its […]
Why Some SIMs Previously Linked To NIN Were Barred — NCC
The Nigerian Communications Commission (NCC), on Monday disclosed that some SIM cards which were previously linked to the National Identification Numbers (NIN), were also barred by telcos because they were bad. It further clarified that the police are responsible for using NIN to track kidnappers who are now causing terror around the nation. NCC spokesman, Reuben […]
Ask Zimbabwe For Solution To Inflation, Obasanjo Urges Tinubu
A former President of Nigeria, Olusegun Obasanjo has advocated that Nigeria should at this time approach the government of Zimbabwe for a solution to the current all-time high inflation being witnessed in the country. He noted that since Zimbabwe was recently confronted with the same problem and came out of it, the southern African country […]
70% Of Financial Crimes Happen In Collusion With Banks – EFCC
Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has asserted that banks have so far been linked to about 70 per cent of the financial crimes that happens in the country. Mr. Ola Olukayode who is the Chairman of the EFCC made this disclosure on Monday while speaking in Abuja at the 2023 […]
US Slams Sanctions Zimbabwe President Over “Corruption”
The government of the United States has slammed sanctions on the President of Zimbabwe, Emmerson Mnangagwa, along with other senior officials, over corruption allegations and human rights abuses. The US government on Monday claimed that they can confirm that leaders in Zimbabwe were siphoning off public resources for personal gain. This move scraps the old […]
Emotional Dangote Names Refinery Road After Wigwe
Nigeria’s richest man, Aliko Dangote, has named the 120km road leading to his refinery in Lagos after the late Group Chief Executive Officer of Access Holdings, Herbert Wigwe, in recognition of his exceptional contributions to the project while he was alive. The announcement was made on Monday during a special event held in honour of […]
Jeff Bezos Overtakes Elon Musk As World’s Richest Man
Amazon founder, Jeff Bezos has dethroned Elon Musk to reclaim his title as the world’s richest man, Africa Today News, New York can confirm. The Bloomberg Billionaires Index which was published on Tuesday morning showed that Bezos’s net worth currently stands at $200bn, topping the Tesla chief’s $198bn. According to the index, Bezos has gained […]
Free-Scoring Arsenal Demolishes Helpless Sheffield United
London based side, Arsenal entered the record books as a 6-0 demolition of Sheffield United on Monday night helped them sustain their tails on Liverpool and Manchester City in the Premier League title race. Martin Odegaard, Jayden Bogle’s own goal, Gabriel Martinelli, Kai Havertz and Declan Rice helped the visitors go 5-0 up half-time before […]