JOHANNESBURG (Reuters) - Ecobank is not under investigation in Nigeria, the chief operating officer of South Africa’s Nedbank, which owns 21 percent of the Togo-baed lender, said on Friday.
Tokyo prosecutors on Friday filed two new charges of financial misconduct against former Nissan chief Carlos Ghosn, meaning the auto tycoon is unlikely to be leaving his jail cell soon.
While there was no precedent in South Africa, they said international experience with distressed quasi-sovereign entities suggested Eskom credit spreads to U.S. debt could conceivably widen to more than 1000 basis points.
INTERNATIONAL – Defense lawyers for Nissan ex-Chairman Carlos Ghosn said they will seek his release on bail after Tokyo prosecutors indicted him on Friday on two new charges of financial misconduct.
Telecommunications firms, including South Africa’s MTN Group Ltd, are now interested in applying for licenses that will allow them, and even supermarket chains, to create units that can collect deposits and maintain savings accounts.
JOHANNESBURG (Reuters) - The South African rand barely moved in afternoon deals on Friday, giving up earlier gains stemming from dovish comments by the U.S. Federal Reserve chief.
Reuters had reported earlier on Friday that the Japanese automaker was looking into decisions made in the United States by Munoz who led Nissan’s North American operations from 2016 to 2018.
KAMPALA (Reuters) - Uganda aims to impose financial penalties from March on its sole power distributor Umeme Ltd for any frequent and prolonged supply outages, the regulator said.
Magu said, “The alarming rate of corruption committed by these unpatriotic elements can be partly seen in the number of convictions secured by the EFCC from Nigerian courts since I assumed duty as the head of the commission in 2015.
Eskom group chief executive Phakamani Hadebe opened the session by thanking Nersa and stakeholders for the opportunity to engage on the revenue application and also apologised to South Africans for events of the recent past, like governance lapses...
ABUJA - Nigeria's government on Tuesday called for media "restraint" in reporting Boko Haram, after the military raided a newspaper that published a sensitive story on the insurgency.
INTERNATIONAL - Credit Suisse has settled a 2012 New York state lawsuit alleging misconduct over residential mortgage-backed securities (RMBS), with a source familiar with the deal saying the bank would pay much less than prosecutors had originall...
Italian lenders supervised by the ECB would have to write off another 72 billion euros of soured loans in the medium term to increase provisioning to 100 percent, according to Bank of Italy data based on June 2018 figures.
An uptick in attacks by Islamist militants in recent months has made security a key campaign issue ahead of the Feb. 16 presidential election in which Muhammadu Buhari will seek a second term.
Oslo — Norwegian police said on Monday they were investigating allegations that some listening numbers at Tidal Music, owned by Jay-Z, Beyonce and other stars, were artificially inflated.
The tiered Know-Your-Customer (KYC) framework was also introduced by the CBN in 2013 to simplify the requirements for opening and operating bank and mobile money accounts for the low income people.
As a result, media owners and managers have been urged to understand that they would be falling short of fulfilling their constitutional obligation if they fail to pay attention to the issue of democratic accountability.
The clampdown assumed an alarming turn under Babangida with the murder of Dele Giwa, the founding editor of Newswatch, in a letter bomb, two days after he was quizzed by Military Intelligence officers on a story they considered injurious.
WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday he never worked for Russia, his first direct denial after a media report saying the FBI in 2017 opened a counterintelligence investigation of whether he acted on Moscow’s behalf.
JOHANNESBURG (Reuters) - The South African rand strengthened against the dollar on Monday, adding to strong gains last week as dovish comments by the Federal Reserve chair hurt the U.S. currency.
We have the United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea Act, which is called the Rotterdam Rules.