The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has started investigations into an alleged misappropriation of N2.5 billion seed grant…
Category:
Finance
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EconomyFinanceNews
AfDB to play bigger role in African economies through infrastructure private equity
The Board of Directors of the African Development Bank has approved its third equity investment of $40 million in Africa Infrastructure Investment…
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In its last sale before the final Monetary Policy Committee (MPC) meeting for 2018, the Central Bank of Nigeria (CBN) on Friday,…
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The Economic and Financial Crimes Commission(EFCC) has boosted the Federal treasury with the sum of N1.37 billion, which no one stepped out…
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The House of Representatives committee on Maritime is investigating 12 foreign shipping firms’ local agents accused of diverting $300 million federal government fees for…
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EconomyFinanceNews
Borrowing by low, middle-income economies more than tripled in 2017—World Bank Report
Borrowing by low and middle-income economies from external official and private creditors surged to $607 billion in 2017 from $181 billion the…
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Federal Government is muting the idea of setting up another Peoples Bank. This time it is to boost Small and Medium Scale…
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Ghana will seek to raise as much as $750 million through a sale of shares in a fund that will hold the…
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The downtrend in the domestic equities market was sustained in today’s session as the benchmark index slid 0.8% to settle at 32,108.92…
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The Central Bank of Nigeria (CBN) has warned that electronic fraud losses in the banking system would reach N6.1 trillion by 2021.…
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EconomyFinanceNews
Afreximbank launches facility to raise viability, bankability of African projects
The African Export-Import Bank (Afreximbank) has launched a project preparation facility aimed at increasing the availability of viable well-prepared projects in Africa…
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In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210…
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In today’s trading session, the local bourse gained 3bps to settle at 32,152.90 points due to investors’ buying interest in STANBIC (+2.1%), ZENITH (+1.0%) and…
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MTN Group will apply for a mobile banking licence in Nigeria and plans to launch the service next year, its CEO said,…
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The Central Bank of Japan has become the first among G7 nations to own assets collectively worth more than the country’s entire…