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Bank & Finance

Apr 09, 2020
Central Bank of Kenya has suspended Absa Bank Kenya’s foreign exchange licence for seven days for failing to report specific foreign exchange trades it conducted last month. "During this period,…
Apr 09, 2020
Employers, now more than ever, need to provide access to independent financial advice to their employees, says the boss of deVere Group. The observation from Nigel Green, the chief executive…
Apr 08, 2020
Nigeria’s application for a $3.4 billion credit from the International Monetary Fund (IMF) is currently under review. “We are working hard to respond to this request so that a proposal…
Apr 08, 2020
Nigeria’s application for a $3.4 billion credit from the International Monetary Fund (IMF) is currently under review. “We are working hard to respond to this request so that a proposal…
Mar 30, 2020
The International Monetary Fund (IMF) has inaugurated a fund-raising initiative through its Catastrophe Containment and Relief Trust (CCRT) that would enable it provide additional debt service succour to its poorest…
Mar 30, 2020
People’s Bank of China(PBoC) on Monday cut interest rate on loans to banks by the largest margin in five years, to help the world’s second-largest economy weather the effects of…
Mar 30, 2020
The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and…
Mar 26, 2020
In a gesture aimed at relieving Nigeria and other members of the International Development Association (IDA) of their mounting debt burden, the World Bank and the International Monetary Fund (IMF)…
Mar 26, 2020
The African Export-Import Bank (Afreximbank) has announced a $3-billion facility, named Pandemic Trade Impact Mitigation Facility (PATIMFA), to help African countries deal with the economic and health impacts of the…
Mar 23, 2020
United Bank for Africa (UBA Plc), Transcorp and all affiliated companies have announced the cancellation of their 2019 Annual General Meetings (AGMs) to prevent the spread of COVID-19. The companies…
Mar 22, 2020
The devaluation of Nigeria’s currency Naira by the Central Bank of Nigeria from the official rate of N307 to N360 has triggered mixed reactions from analysts. Prof. Uche Uwaleke, a…
Mar 18, 2020
Apple Inc was on Monday slammed with a fine of €1.1 billion Euros (1.2 billion dollars) by French authorities, for making anti-competitive agreements with two firms in its distribution network.…
Mar 17, 2020
The Minister of Finance, Zainab Ahmed, said on Monday the Federal Government may suspend its $22.7 billion external borrowing plans due to current realities in the global economic landscape.  …
Mar 16, 2020
Economic stimulus plans worth $40 billion have been rolled out by the central banks of the United Arab Emirates (UAE) and Saudi Arabia, the two largest Arab economies.   The…
  1. Opinions and Analysis

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