Former South African President, Mr. Thabo Mbeki said that African leaders launder about $50 billion into foreign banks annually. Mbeki made the…
Category:
Finance
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Nigeria’s poverty rate should be falling faster given its economic growth this decade, an official of the International Monetary Fund said. The…
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The Central Bank of Nigeria (CBN) has retained the lending rate at 12 per cent, the Governor, Malam Sanusi Lamido Sanusi, said.…
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The Nigeria Sovereign Investment Authority, NSIA, has disclosed the allocation of its $1 billion (about N155 billion) take-off of capital to the…
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The naira eased against the U.S. dollar on the inter-bank market on Wednesday as strong demand from importers of fuel and other…
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The Debt Management Office has said that Nigeria will continue to maintain a debt to Gross Domestic Product threshold of 40 per…
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National Insurance Commission, NAICOM, has issued new guidelines to oversee the operation of takaful industry in Nigeria. Takaful is a type of…
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By Omoh Gabriel Nigeria and five other countries have named by the World Bank as top recipient of global remittance. In a…
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EconomyFinanceNews
AfDB sets conditions for successful infrastructure project bonds in African markets
By Omoh Gabriel African Development Bank is exploring how structured finance techniques can mobilize African domestic capital to support economic infrastructure projects…
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By Omoh Gabriel Business Editor in Washington D.C The Minister of Finance and Coordinating Minister of Economy Dr. Ngozi Okonzo-Iweala said in…
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Investors on the Nigerian Stock Exchange (NSE) staked N5.85 billion on 573.76 million shares traded in 7,232 deals on Wednesday. The volume…
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Naira lost 10k to the dollar at the Central Bank of Nigeria (CBN) biweekly Wholesale Dutch Auction System (WDAS) on Wednesday. The…
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Nigeria’s stock exchange is reviewing applications from some leading global investment banks to join its trading floor, as reforms aimed at improving…
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Carlyle Group is looking at a number of banks in east and West Africa for a potential investment, its Africa co-head said,…
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The Central Bank of Nigeria (CBN) said on Monday that it sold foreign exchange worth $300 million in the 26th Wholesale Dutch…