Home / Tanzania (page 2109)

Tanzania

FX Scarcity, Fuel Hike Push Inflation To 21.09%

THE increase in the price of fuel, scarcity of foreign exchange, and disruption in food supply chain pushed headline inflation to a new record high of 21.09 per cent in October, according to the National Bureau of Statistics. This is 0.32 per cent higher than 20.77 per cent reported in …

Read More »

Why Some BDC Operators Were Arrested- EFCC

THE recent arrest of some Bureau De Change operators across the country especially in Lagos and Abuja by the Economic and Financial Crimes Commission, EFCC, was incidental to the Commission’s overall efforts in sanitizing the foreign exchange sector. The Commission’s Director of Operations, Abdulkarim Chukkol stated this on Monday, November …

Read More »

EFCC Arrests Alleged Currency Speculator

AS part of its ongoing operation to sanitize the foreign exchange sector and rid it of speculators and all shades of economic saboteurs, the Economic and Financial Crimes Commission, EFCC, has arrested one Mustapha Muhammed alias Mustapha Naira. He was picked up by operatives of the Commission on Saturday November …

Read More »

$9.6bn P&ID Fraud: Court Issues Bench Warrant On Nolan

Justice D U. Okorowo of the Federal High Court, Abuja, on Tuesday,   November 15, 2022, issued a bench warrant on  James Richard Nolan, a Briton,  for jumping bail and failing to appear before him for trial. Nolan, one of the directors of Goidel Resources Limited, a Designated Non-Financial Institution, DNFI,   and another company,   ICIL Limited, are …

Read More »