Business

South Africa’s financial stability threatened by MTN’s $10 billion Nigeria bill – cenbank

Billions of dollars in fines owed by South African companies MTN and Standard Bank to Nigerian regulators could increase the risk to South Africa’s financial system, the central bank said on Wednesday. The Nigerian central bank in August accused telecoms firm MTN and its lender Stanbic, a Standard Bank subsidiary, of illegally sending $8.1 billion […]

Business

ECOWAS Commission restates commitment to strengthening regional customs union

The President of the Commission of the Economic Community of West African States (ECOWAS) Jean-Claude Kassi Brou has restated the commitment of the Commission to strengthening regional Customs union and an infrastructural upgrade that can sustain the renewed integration efforts within the community. Declaring on the 4th meeting of the Ministers of Finance holding on […]