Banking & Finance

Nigeria's Bank of Industry raises US$1.11bn

Bank coinsThe Bank of Industry (BOI), Nigeria’s oldest and  largest development financing institution, has raised US$1.11bn from the international capital market, with an aim to serve its customers better

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US$3bn ‘Fight COVID-19’ social bond launched in Africa

AfDN fight covidThe African Development Bank (AfDB) has raised a US$3bn in a three-year bond to help alleviate the economic and social impact the COVID-19 pandemic will have on livelihoods and Africa’s economies

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Central Bank of Nigeria adjusts foreign exchange market, unifies rates

Nigeria bola currencyThe Central Bank of Nigeria (CBN) has tinkered with the country’s exchange rate, and in the process, unified the previous various exchange rates

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Ecobank Transnational Incorporated announces new appointments

Ecobank financial solutionEcobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, announces two new appointments and changes on its Board of Directors

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Nigeria Deposit Insurance pays liquidated banks depositors

nigerian nairaThe Nigeria Deposit Insurance Corporation (NDIC) has said that all depositors of previously liquidated 18 Deposit Money Banks (insured and uninsured), whose funds were trapped in such banks have been fully paid

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