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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 […]

Washington renews ties with Sudan

The USA has re-established ties with Sudan as the African country makes democratic gains. US relations with Sudan have returned to normal, Amber Baskett, the Chargé d’Affaires at the American embassy in Khartoum said, Arab News reports. The re-establishment of ties comes as result of the achievements of the interim transitional government, Baskett said. Sudan […]

Cape Verde to set up Consulate General in Dakhla

Cape Verde announced Wednesday from Rabat that it will soon set up a Consulate General in the city of Dakhla, confirming thus its support to the Moroccaness of the Sahara. The announcement was made by Cape Verdean Minister of Foreign Affairs, Rui Alberto De Figueiredo Soares, who was taking part in in Rabat in the […]