African Export-Import Bank Group’s results for the financial year ended 31 December 2023 showed Net interest income reached $1.4 billion at the…
Category:
Finance
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The domestic bourse extended losses from the previous session, bringing the All-Share Index down by 0.43% to close at 103,736.08 points. Bearish…
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The current exchange rate for customs import duties and cargo clearance payment is higher than the official foreign exchange market rate of…
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One of the two executives from Binance, the world’s largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday…
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The negative sentiment continued in the local market as the All-share index dipped by 0.32% to settle at 104,181.32 points. Selloffs of GTCO (-1.23%), ZENITHBANK (-1.23%) and…
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Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award…
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Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) welcomes the release of the much-anticipated circular of the Central Bank of…
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FinanceNews
CBN new capital requirement for banks has not increased materially in real terms when adjusted for inflation—CPPE
Centre for the Promotion of Private Enterprise has said that the Central Bank of Nigeria new prescribe minimum capital for banks when…
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India’s foreign exchange reserves rose for a fifth straight week to hit a record high of $642.63 billion as of March 22,…
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FinanceNews
Access Holdings announces $1.5bn Capital raising programme, targets N365bn by way of a Rights Issue as subset of Programme
Access Holdings Plc, one of Africa’s leading financial groups, has unveiled plans to establish a Capital Raising Programme of up to US$1,500,000,000.00…
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African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce the innovative supply chain finance product ‘Payables Finance’, in Nigeria. This product,…
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FinanceNews
CBN sets new minimum capital requirements of N200bn, N50bn for banks, gives 24 months to recapitalise
Central Bank of Nigeria has set a new minimum capital requirements for Nigeria banks. According to CBN the new minimum capital base…
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Nigeria equity market nudged higher as the benchmark index rose by 0.27% to close at 104,562.06 points. Renewed interest in MTNN (+0.91%), alongside sustained interest in tier 1 …
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EconomyFinanceNews
WBG publishes new data, aiming to boost investment in emerging markets, data shows untapped potential, resilience in emerging markets.
The World Bank Group today published sought-after proprietary statistics that reveal the credit risk profile of private and public sector investments in…
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Access Holdings Plc (“The Group”) has announced its audited Consolidated and Separate Financial Statements for the year ended December 31, 2023. In…