Banking and Finance
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CBN’s Short-Term Loans to Banks Drop To N11 trillion
Financial data obtained by The Guardian suggest that deposit money banks (DMBs) had less reason to worry about liquidity last…
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Banks Face Angry Customers As Network Glitches Mar Holidays
• Yuletide tests resilience of e-payment infrastructure • Financial institutions pay over N3 billion claims in six months • Subscribers…
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Afreximbank’s FEDA Receives Internal Approval To Acquire Strategic Minority Stake In Geregu Power Plc
The Fund for Export Development in Africa (FEDA) is pleased to announce that it has received internal approvals to acquire…
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How Debt-Service Payments Put Biggest Squeeze on Poor Countries
World Bank President, David Malpass *IDA Countries’ Debt-Service Payments Projected to Top $62 Billion in 2022 The poorest countries eligible…
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Remittances Grow 5% in 2022, Despite Global Headwinds – Would Bank
Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This…
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Stanbic IBTC Asset Management’s NGN19.997bn Series III Offer Closes Wed., 21 Dec 2022.
Stanbic IBTC Asset Management has issued the NGN19.997 billion Series III offer (the “Series III Issuance”) under its Stanbic IBTC…
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Nigeria to Spend 160% of Revenue on Debt Service in 2027, W’Bank Warns
• Ghana’s default raises fear about Nigeria’s fate • World Bank pushes for aggressive reforms to save economy • 70%…
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FMBN Steps Up Inspection Of Funded Projects Nationwide
Federal Mortgage Bank of Nigeria (FMBN) in a bid to ensure the timely completion of various ongoing housing projects has…
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Djibouti Economy Slows Due to Global Crises, Severe Drought –World Bank
After rebounding in 2021, Djibouti’s economy has slowed since the beginning of 2022 due to the war in Ukraine, global…
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World Bank Raises NOK 5bn Sustainable Development Bond To Support Management Of Biodiversity
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a 4.75-year Norwegian krone (NOK) five billion floating…
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