LAGOS – Mobile telephone and data subscribers in Nigeria will now have to pay more after the government approved a 50% increase in tariffs, as the country battles one of its worst cost-of-living crises in decades. The industry regulator, the Nigerian Communications Commission (NCC), said earlier this week that it approved the tariff hike “in...
Things like job loss, a failed business venture or an unexpected expense can shake even the most stable financial plans. But while daunting, these moments of truth are also opportunities for growth and reinvention. And with the right mindset and practical strategies, one will be able to rebuild, and build on firmer grounds for the...
Global financial advisory giant, deVere Group, issued a stark warning to investors to prepare for significant turbulence as the Federal Reserve may find itself at odds with the economic consequences of President Trump’s fiscal policies. Growing inflationary pressures are likely to reappear, and the Fed’s potential response could signal a seismic shift in financial markets....
First National Bank (FNB) of Namibia yesterday advised clients to guard against becoming victims of fraudsters. During a morning media briefing the bank noted that people simply fall prey to the scammers by unwittingly disclosing their private information in different ways. Banking fraud is increasingly becoming of significant concern in Namibia, with a greater number...
To kick off the New Year, Bank Windhoek announced the launch of its refreshed corporate identity on Monday, 20 January. The bank has described the move as a bold step forward, reflecting its brand’s evolution and commitment to staying relevant in an ever-changing financial landscape. The new identity, which came into effect this month, introduces...
The Development Bank of Namibia (DBN) achieved an 86% compliance index (BB rating) for 2024, as awarded by the Association of African Development Finance Institutions (AADFI). This marks a significant improvement from the 82% score in the previous review, showcasing DBN’s steadfast commitment to governance excellence, financial stability and impactful development. AADFI is an umbrella...
Trustco Group Holdings Limited’s board of directors is evaluating options to delist from its primary listing on the Johannesburg Stock Exchange (JSE), its secondary listing on the Namibian Stock Exchange (NSX), as well as the OTCQX Market in the United States. “For nearly two decades, Trustco has maintained its listing in southern Africa, serving a...
The new note is meant to be an enduring tribute to the life, legacy and unparalleled contributions of the late former president Hage G. Geingob. In accordance with Section 38 (1) of the Bank of Namibia Act 2020 (Act No. 1 of 2020) as amended, BoN has the exclusive mandate to issue legal tender...
The Road Fund Administration (RFA) has received some strong negative reaction to a proposed toll gate introduction as a revenue option to maintain the national road network. And now, the contentious project has been put on hold until further notice. RFA CEO Ali Ipinge in a recent report said the feasibility study on the tolling...
WASHINGTON – President Donald Trump on Monday announced the United States’ withdrawal from the Paris climate accord for a second time, a defiant rejection of global efforts to combat planetary warming as catastrophic weather events intensify worldwide. The Republican leader also declared a “national energy emergency” to expand drilling in the world’s top oil and...