The Nigeria Deposit Insurance Corporation (NDIC) has raised the maximum deposit insurance coverage for all licensed deposit-taking financial institutions. Deposit insurance coverage…
Category:
Finance
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In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before…
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Crown Agents Bank (www.CrownAgentsBank.com), the specialist provider of foreign exchange (FX) and cross-border payments for hard-to-reach markets, and Invest Africa, a leading platform…
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Benin has become the first sub-Saharan African country to join the European Bank for Reconstruction and Development (EBRD). The country is the…
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Shareholders of Zenith Bank Plc unanimously approved the restructuring of the Bank to a holding company during a court-ordered Extraordinary General Meeting…
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Finance
Africa’s $824bn debt burden, opaque resource-backed loans hinder its potential—-Adesina warns
President African Development Bank Akinwumi Adesina) said that Africa’s immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt…
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Opening the week, the local bourse gained 13bps, recovering some of the prior week losses to settle at 99,665.05 points. Renewed investor…
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Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which…
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Minister of Finance and Coordinating Minister of the Economy Dr Wale Edun, has said that Nigeria is expecting a fresh $2.2 billion…
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FinanceNews
Access Holdings’ shareholders back capital raising plan, hail Aig-Imoukhuede’s return as Chairman
The shareholders of Access Holdings Plc at the 2nd Annual General Meeting (AGM) held on Friday, April 19, 2024, unanimously backed the…
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Today, the local bourse pulled back slightly bringing the benchmark index down 6bps to close at 99,845.91 points. The bearish position was…
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World Bank Group, African Development Bank have entered into partnership to light up Africa. The initiative could halve the 300 million people…
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Central Bank of Nigeria CBN has in a circular to Deposit Money Banks titled “Re: Regulatory Measures to Improve Lending to the…
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Snapping eight consecutive sessions of losses, the domestic bourse posted a 0.10% rebound to close at 99,908.89. Selloff in GTCO (-2.85%), UBA…
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Fintech startup, Hydrogen Payment Services Limited (‘Hydrogen’), has teamed up with Co-creation Hub (‘CcHub’) to host an insightful event themed, ‘Adapting Fintech…