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Jemimah Dada

SON Destroys N25 Million Worth of Expired Sugar and Substandard Goods in Kaduna

The Standard Organisation of Nigeria (SON) has destroyed expired sugar and other substandard consumables valued at about N25 million in Kaduna, as part of its ongoing efforts to protect public health and ensure product quality compliance. The exercise, which took...

Tinubu Commends FATF for Delisting Nigeria From Grey list, Describes Move as Reform Milestone 

President Bola Tinubu has welcomed the delisting of Nigeria from the grey list of the Financial Action Task Force (FATF), describing the development as a clear demonstration of the country’s commitment to global financial transparency. The FATF is the world’s...

IMTO Inflows Fall by $193.14 Million in Q1 2025, Missing Remittance Target

Nigeria’s International Money Transfer Operator (IMTO) inflows declined by $193.14 million in the first quarter of 2025.  Data from the CBN’s quarterly statistical bulletin shows that inflows fell to $888.39 million in Q1 2025, compared to $1.08 billion in the...

Coca-Cola Faces $1 billion Hit on African Bottling Stake Sale

Coca-Cola expects to take an impairment charge of about $1 billion during the fourth quarter of 2025 related to the sale of a part of its interest in bottling operations in Africa, the beverage maker said in regulatory filing on...

StanChart to Sell Ugandan Wealth and Retail Banking Units to Absa

Standard Chartered has agreed to sell its wealth and retail banking business in Uganda to South African lender Absa Group for an undisclosed amount, the companies said on Friday. Standard Chartered said last year it was looking to exit its wealth and retail banking...

South African Rand Steady as Investors Anticipate FATF Decision

The rand held steady in early trade on Friday as South Africa awaited the outcome of its Financial Action Task Force review, with markets largely pricing in that it will be removed from the watchdog’s “grey list” of countries...
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