collateral Archives - African Gazette

CBN bans use of foreign currency as collateral for naira loans

The Central Bank of Nigeria (CBN) has prohibited the use of foreign denominated collateral for naira loans. However, the CBN exempted Eurobonds issued by the Federal Government of Nigeria or Guarantees of foreign banks, including […]

South Sudan military deputy arrested, threatening peace deal

2 weeks ago 0

South Sudanese forces have arrested a high-ranking military official allied with First Vice President Riek Machar and deployed troops around Machar’s residence, raising fears over the stability of the country’s fragile 2018 peace agreement. Machar’s […]

Germany halts aid to Rwanda over Congo conflict

2 weeks ago 0

Germany has announced the suspension of new development aid to Rwanda, citing Kigali’s alleged involvement in the ongoing conflict in neighboring Democratic Republic of Congo. The decision, revealed by Germany’s development ministry on Tuesday, underscores […]

Lesotho reacts to Trump’s ‘nobody has heard of it’ remark

2 weeks ago 0

The government of Lesotho has expressed shock and disappointment over U.S. President Donald Trump’s recent remark suggesting that “nobody has ever heard of” the southern African nation. The comment, made during Trump’s first address to […]

Pakistan mourns victims of deadly suicide attack on military base

2 weeks ago 0

Thousands of people gathered in the streets of Bannu, northwestern Pakistan, on Wednesday to attend the funerals of 18 victims, including six children, killed in a devastating suicide attack on a military installation. The attack, […]

US charges suspect in 2021 attack on troops in Afghanistan

2 weeks ago 0

The United States has charged Mohammad Sharifullah with aiding in the planning of the deadly 2021 attack at Kabul’s Hamid Karzai International Airport, which killed 13 U.S. service members during the chaotic withdrawal from Afghanistan, […]

Greek minister under investigation over deadly train crash amid protests

2 weeks ago 0

The Greek parliament voted on Tuesday to establish a committee to investigate a minister’s handling of the aftermath of the 2023 train disaster, the country’s deadliest rail accident, which claimed 57 lives. The decision follows […]

Guinea-Bissau’s president Embaló seeks second term amid political unrest

2 weeks ago 0

President Umaro Sissoco Embaló has declared his intention to seek a second term in the upcoming November elections, intensifying political tensions in Guinea-Bissau as the opposition refuses to acknowledge his legitimacy as the country’s current […]

Trial of 40 Tunisian opposition figures deepens political divisions

2 weeks ago 0

A highly anticipated trial involving 40 prominent opposition figures, including politicians, lawyers, media personalities, and business leaders accused of conspiring against state security, commenced on Wednesday at the Tunis Primary Court. The case has intensified […]

Indian court orders release of Briton detained for years

2 weeks ago 0

A British man detained in India for six years without trial in connection with a high-profile corruption case must be released on bail, the Delhi High Court has ruled. Christian James Michel, an arms consultant, […]