Tag "South Africa"

    I am not afraid of going to jail, says Zuma

I am not afraid of going to jail, says Zuma

President Jacob Zuma of South Africa on Saturday said he was not afraid of being jailed over the release of an anti-corruption report critical of him.Thousands of protesters called for the president to resign after the 355-page probe was released and some opposition politicians said Zuma should face criminal charges.But addressing supporters since his first public appearance since investigators documented [...]

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    South Africa withdraws from ICC, says ‘we’re incompatible’

South Africa withdraws from ICC, says ‘we’re incompatible’

South Africa has withdrawn from the International Criminal Court (ICC) — a year and a month after it filed a notice to the United Nations Secretary-General Ban Ki-moon, documents show.A UN spokesperson declined to confirm receipt of the document, dated October 19 and signed by Maite Nkoana-Mashabane, South Africa’s minister of international relations and cooperation."The Republic of South Africa has found that its [...]

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    Despite recession, IMF projects Nigeria as Africa’s largest economy – by far

Despite recession, IMF projects Nigeria as Africa’s largest economy – by far

Despite Nigeria facing its worst economic recession in 29 years, the International Monetary Fund (IMF) has projected the country as the biggest economy in Africa — ahead of South Africa and Egypt.In August 2016, Nigeria was reported to have lost its spot as Africa’s biggest economy to South Africa, following the recalculation of the country’s gross domestic product (GDP).“A recalculation using current exchange [...]

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    Fowler asks African leaders to grant autonomy to revenue agencies

Fowler asks African leaders to grant autonomy to revenue agencies

Tunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS), has appealed to leaders on the continent to grant autonomy to revenue authorities.Speaking at a seminar organised by the Tax Administration Forum and International Monetary Fund (ATAF-IMF) in Cape Town, South Africa, Fowler said the future of tax administration in Africa is bright.He said autonomy would enable revenue authorities [...]

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    Nigerian shot dead in South Africa

Nigerian shot dead in South Africa

Unknown assailants have shot and killed Monday Okorie, a Nigerian trader, based in Potchefstroom, North West Province of South Africa.Ikechukwu Anyene, president of The Nigeria Union in South Africa, disclosed this to NAN on Thursday, saying the tragic incident occurred on Tuesday.Anyene said the victim was an indigene of Agwu in Enugu state.He said on receipt of the report, some national officers [...]

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    S’Africa to raise life expectancy to 70, adopts universal HIV treatment programme

S’Africa to raise life expectancy to 70, adopts universal HIV treatment programme

The South African government has started implementing the universal test and treatment programme, where every HIV positive person is put on treatment regardless of the CD4 cell count.Joe Maila, spokesperson of the department of health, said on Friday in Johannesburg that until Wednesday, HIV positive people with a CD4 cell count which are less than 500 were put on treatment.He [...]

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    Oil, naira… 5 reasons why Nigeria lost its place as Africa’s largest economy

Oil, naira… 5 reasons why Nigeria lost its place as Africa’s largest economy

Nigeria can no longer boast to be the biggest economy on the African continent, as it lost the spot to South Africa after the naira plunged to new lows.With a gross domestic product (GDP) of $296 billion, according to Bloomberg and the International Monetary Fund (IMF), Nigeria dropped to become Africa’s second largest economy, after holding the position for two [...]

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    FXTM expands to South Africa

FXTM expands to South Africa

FXTM, a global forex broker, has announced its expansion to South Africa after receiving license from the Financial Services Board (FSB) in South Africa.The license, which was obtained on July 5, provides the company with the opportunity to expand its strategic footprint, while reaching new customers and acquiring local partners in a market of high potential.Commenting on this latest acquisition, [...]

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    ​South African envoy: Mandela begged Nigeria for money to fight apartheid

​South African envoy: Mandela begged Nigeria for money to fight apartheid

Lulu Mnguni, South African high commissioner to Nigeria, recently went down memory lane in recalling Nigeria's role in seeing the end of apartheid in his country.While speaking as a special guest at a forum organised by the Abuja Writers Forum, Mnguni narrated how the iconic Nelson Mandela, who led the struggle against apartheid forces, came to Nigeria in 1963 to solicit financial [...]

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    Another Nigerian murdered in South Africa – the 15th in 2016

Another Nigerian murdered in South Africa – the 15th in 2016

Ikejiaku Chinedu, a Nigerian businessman based in South Africa, was on Tuesday beaten to death by guards of a private security firm in the country.According to Ikechukwu Anyene, president of the Union of Nigerians in South Africa, Chinedu is the 15th Nigerian to be killed in South Africa since the beginning of the year.Collins Mgbo, secretary of the Limpopo province of the [...]

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    IMF cuts Nigeria’s 2016 GDP growth forecast to -1.8% — lowest in 29 years

IMF cuts Nigeria’s 2016 GDP growth forecast to -1.8% — lowest in 29 years

The International Monetary Fund (IMF)  has cut Nigeria's gross domestic product (GDP) growth drastically, from the projected 2.3 percent in April 2016, to -1.8 percent, lowest in 29 years.In its revised World Economic Outlook (WEO), IMF said on Tuesday that the Nigerian economy would now grow at a much slower pace than South Africa's, which is expected to grow at [...]

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    In 2016, Nigeria’s economy will grow faster than South Africa’s, IMF projects

In 2016, Nigeria’s economy will grow faster than South Africa’s, IMF projects

The International Monetary Fund (IMF) has reiterated its projection that the Nigerian economy will grow faster than South Africa’s economy in 2016.In the conclusion of its consultations in South Africa, the international financial institution slashed South Africa’s gross domestic product (GDP) growth rate from 0.6 percent to 0.1 percent in 2016.IMF had said earlier in the year that the Nigeria’s GDP growth [...]

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    For the 4th time, WHO declares Liberia Ebola free

For the 4th time, WHO declares Liberia Ebola free

The World Health Organisation (WHO) on Thursday declared Liberia Ebola-free.The epidemic is over two-and-half years since it broke out in West Africa.In a statement in Cape Town, South Africa, WHO remarked that the declaration on Liberia came nine days after it announced that neighbouring Guinea, where the epidemic broke out in December, 2013 was also free of it.Meanwhile the outbreak [...]

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    Nigerians can now obtain 5-year visa to South Africa

Nigerians can now obtain 5-year visa to South Africa

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    Nigeria, South Africa trade volume hits N1.3tr

Nigeria, South Africa trade volume hits N1.3tr

The volume of trade between Nigeria and South Africa rose to N1.3 trillion in 2015, Louis Mnguni, the South African High Commissioner to Nigeria, announced late on Tuesday. Mnguni was speaking at a ceremony to mark the South African freedom day in Lagos, saying that trade between Nigeria and South Africa had increased "exponentially" from 2010 to 2015. "Trade between the two countries [...]

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    Africa Check to el-Rufai: No data shows Kaduna has more gold than South Africa

Africa Check to el-Rufai: No data shows Kaduna has more gold than South Africa

Nasir el-Rufai, governor of Kaduna state, told potential investors in April that a single local government in his state has more gold than the entirety of South Africa.But a research carried out by Africa Check, a project of AFP Foundation, has punctured that claim, saying the governor has no data to substantiate his assertion.Opening the two-day Kadun Investment Summit last [...]

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Exchange Rates

January 20, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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