Nigeria caps weekly cash withdrawals, Moody’s warns of ‘very high’ foreign currency risks

Nigeria’s central bank has imposed restrictions on weekly cash withdrawals to limit the use of cash as credit agency Moody’s warned that the country’s banks face tough challenges over a dollar shortage. Foreign currency risk is “very high” for Nigeria’s banking system, according to a report by Moody’s. Nigeria is one of seven countries worldwide […]

Lebanon: Army gears for new ISIS and Al Nusra attack

Lebanon is reinforcing its military presence along its border with Syria especially near the villages of Qalamoun and Qusayr after receiving information that the Islamist extremist groups in Syria are planning to launch another attack. 29 Lebanese soldiers were kidnapped by the Islamist militants in August when they attacked the town of Asral. The kidnapped […]

Morocco sets up field hospital to treat strawberry Covid-19 cluster

Morocco has set up a field hospital in Lalla Mimouna near Kenitra to treat hundreds of coronavirus cases who were infected in a hotspot linked to strawberry farms and packaging plants. On Friday, the country recorded 457 cases in that cluster, the biggest single day number of infections since the country declared its first case […]