Nigerian central bank has refunded lenders part of the $1.4 billion taken as additional cash reserves after banks failed to meet a target to provide more credit. Citigroup Inc. and Zenith Bank Plc were among a dozen lenders fined last month for not reaching the set goal. Citigroup was handed a $279 million penalty out of a combined sanction that was transferred from the lenders’ cash reserves to the regulator pending compliance. The group has since called for greater consistency in implementing regulations for the banking industry in Africa and warned frequent changes would harm the sector. Nevertheless, Citigroup still sees plenty of opportunity on the continent and plans to boost its digital investment in Nigeria and parts of West and Central Africa over the next 12 to 18 months.
Airbus A380 Custom ($500 million): This is the most expensive private jet in the world, owned by Al-Waleed Bin Talal from Saudi Arabia and a member of the Saudi royal family – House of Saud. Prince Al-Waleed bin Talal has the eighth-highest amount given to charity ($3.5 billion) among the greatest philanthropists. He’s the 50th richest man in the world. He has almost everything gold plated in the plane and comes with a solid gold throne in the middle. The jet is referred to as Kingdom in the Sky and comes with a Turkish bath, a garage where he can park his Rolls Royce and even a prayer room with electronic mat that automatically rotates to face Mecca.
Comments
Post a Comment
Tell us what you think