November 9, 2016/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to the increasing patronage of illegal Money Transfer Operators by Nigerians in the Diaspora for the purpose of home remittances. These unscrupulous operators, who lure unsuspecting customers with ridiculous exchange rate, use Naira accounts opened […]
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South Africa’s Transnet plans to spend 20 bln rand on acquisitions
Photo Credit: Sowetan Live November 8, 2016/Reuters By Tanisha Heiberg South Africa’s Transnet plans to spend about 20 billion rand ($1.50 billion) on mergers and acquisitions in South Africa and the rest of Africa as it embarks on a major expansion drive outside its home base, the state rail-freight operator […]
Nigeria’s upper house to investigate potential rail deal with GE
November 8, 2016/Reuters Nigeria’s upper house of parliament will investigate a railway concession the government wants to grant to U.S. firm General Electric over possible violations by Nigerian officials, lawmakers said on Tuesday. The lower house had already launched a similar inquiry last month into talks between the government and […]
