20/7/2017/Reuters Nigeria’s United Bank for Africa said it has paid the government all the money due to it, its spokesman said on Thursday. Fidelity Bank said it did not owe $24.5 million to the government and it has contacted the state treasurer to understand what account the government was referring […]
Money Market
IMF Approves in Principle €1.6 Billion Facility for Greece
July 20, 2017/IMF The Executive Board of the International Monetary Fund (IMF) today approved in principle an SDR 1.3 billion (about €1.6 billion, US$ 1.8 billion, or 55 percent of quota) precautionary Stand-By Arrangement (SBA) for Greece.
Court Orders Seven Banks To Remit $793m To TSA
July 20, 2017/The Will By Ugochukwu Ugwuanyi Seven commercial banks in the country have been ordered by a Federal High Court in Lagos to temporarily remit a total of $793, 200, 000 allegedly hidden with them in contravention of the Federal Government’s Treasury Single Account, TSA, policy. The presiding judge, […]
