m6-africa

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 […]

King Mohammed VI Congratulates United Kingdom’s King Charles III On Coronation

King Mohammed VI, of Morocco, has congratulated this Saturday newly crowned King Charles III of the United Kingdom on his coronation, expressing “deep pride” in the ties between Morocco and the UK. The king sent a letter of congratulations to King Charles, as well as the newly crowned Queen Camilla, wishing them “a most prosperous […]

Ministers’ Council, chaired by King Mohammed VI, adopts 2025 appropriation bill

A Ministers’ Council, convened Friday in Rabat under the chairmanship of King Mohammed VI, debated and adopted the 2025 appropriation bill which seeks to boost social cohesion, enhance economic sovereignty, and to achieve a strong economic recovery, with a growth rate of 4.6% in 2025, and a limited inflation rate at 2%. At the start […]