CBN seen raising interest rate to 27.25% next week
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to increase the benchmark interest rate
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Money
ARISE IIP, AFC launch $100m capital pool for African entrepreneurs
ARISE IIP, the pan-African developer and operator of industrial parks, and Africa Finance Corporation (AFC), have announced the signing of
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Naira falls further as weekly forex liquidity drops 23%
The naira weakened against the dollar this week as the turnover in the foreign exchange market declined by 22.99 percent.
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Naira’s best performance in April ‘a charade’, says Rewane
Bismarck Rewane, an economic expert and managing director of Financial Derivatives Company Limited, has said the rally in the naira
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Nigeria’s $3.8bn Islamic finance industry holds huge growth potential: Fitch
The Islamic finance industry in Nigeria has significant potential for growth and is expected to continue to expand over 2024–2025,
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Access Bank completes acquisition of BancABC Tanzania
Access Bank PLC has announced the successful completion of its acquisition of African Banking Corporation (Tanzania) Limited (BancABC Tanzania), in
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Naira pares gains as weekly forex liquidity loses 33%
The Nigerian currency lost some of its recent gains against the dollar this week as liquidity in the official foreign
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Nigerian banks boost buffers against potential bad loans
Nigeria’s biggest banks boosted provisioning against potential loan quality deterioration, even as high foreign-exchange gains and interest income drive drove
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Naira extends gain as weekly forex liquidity hits $1.82bn
The naira strengthened further this week as the turnover in the official foreign exchange market rose by more than a
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Umeoji takes up office as Zenith Bank’s first female CEO
Adaora Umeoji has assumed office as the first female group managing director and chief operating officer of Zenith Bank Plc.
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