The Central Bank of Nigeria (CBN) has again intervened in the interbank foreign exchange market by injecting the sum of $210million in…
Finance
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World Bank has said that artificial intelligence AI and data have the potential to prevent corruption. Nicholas Nam of the World Bank…
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A new World Bank report released in Washington has said that high-growth firms in emerging economies account for more than 50 per…
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The local bourse shed 78bps to settle at 31,969.8 points on account of sell offs in market bellwethers – DANGCEM (-1.7%), GUARANTY…
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The banking sector in the U.S. has reported a combined profit of $62 billion in the third quarter of 2018. The profit…
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In a deal that captures the entrepreneurial spirit of Africa, Zenith Bank has been announced as the sponsor of the BBC’s Talking…
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In today’s trading session, the local bourse advanced 51bps to settle at 32,201.9 points on account of buy interests in market bellwethers…
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The Nigeria Deposit Insurance Corporation (NDIC), said it recovered N28.48 billion from debtors of Deposit Money Banks (DMBs) in-liquidation as at Dec.…
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Access Bank Plc has restated its commitment to sustainable banking practices that stimulate economic growth and development. The Bank in celebration of…
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Despite the huge losses and catastrophe that hit the insurance sector, African Reinsurance Corporation’s premium income for the 3rd quarter 2018 represents…
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The African Risk Capacity (ARC) has received the approval of African Development Bank (AfDB) for Africa Disaster Risk Financing, ADriFi. The ADRiFi programme…
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Insurance, other financial service sectors payment declined to N236.9 billion in 2017, according to the Central Bank of Nigeria. A breakdown of…
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The Federal Government is considering approaching the capital market to raise funds to set up an education bond to finance infrastructure in…
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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has started investigations into an alleged misappropriation of N2.5 billion seed grant…
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FinanceEconomyNews
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…