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CBN sacks Skye Bank’s Board and management to avert systemic threat
The CBN said Skye Bank’s financial and governance situation posed potential threats to the overall stability of the ...
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Buhari sacks Kachikwu as NNPC Group Managing Director, approves new board
Emmanuel Ibe Kachikwu is now the Chairman of the national oil company.
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NSE’s All Share Index falls by 4.39 percent
The benchmark index was down 4.39 percent to close at 29,305.4 points on Friday, July 1.
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AfDB approves $350 million trade finance loans for First Bank, FSDH
The AfDB said the financing will help to address the critical market demand for trade finance and dollar liquidity by supporting ...
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AFC arranges $425 million loan facility for New Age African Global Energy
The facility will enable New Age to refinance an existing loan facility, develop projects in Nigeria and the Republic of Congo ...
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Nigeria signs $80 billion oil and gas infrastructure deals with China
Minister of State for Petroleum Resources said the agreements cover investments in oil and gas pipelines, refineries, power, ...
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Nigeria’s central bank, Citibank execute first naira-settled FX futures
CBN and the FMDQ OTC Securities Exchange recently launched the naira-settled OTC FX futures market to allow trading of foreign ...
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MTN Nigeria acquires 2.6GHz spectrum licence
The frequency spectrum licence will enable MTN Nigeria offer better mobile internet and other data services.
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Econet’s Liquid Telecom acquires South Africa’s Neotel
The deal will transform Liquid Telecom into the largest pan-African broadband network with 40,000 kilometers of cross-border, ...
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AfDB approves $135 million loan for Kenyan power project
The financing is for the Kenya Last Mile Connectivity project, which aims to expand the distribution network of Kenya Power to ...
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Nigeria seeks $40-$50 billion to fund oil and gas projects
Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, said oil output is now between 1.8 million and 1.9 million as ...
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NSE’s All-Share Index rises by 4.79 percent
Market capitalization also rose 4.79 percent to N10.527 trillion on Friday.
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Africa Internet Group rebrands online businesses to Jumia
"We want to have one strong brand that is trusted and loved by our customers across Africa.” Sacha Poignonnec and Jeremy ...
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Fitch downgrades Nigeria to B+ on weak economic policy response
The ratings agency said Nigeria’s interbank forex market will not be fully flexible as it allows for a parallel market for ...
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Nigeria's central bank opens discount window to cover forex demand
Nigerian Interbank Offered Rate rose to 74.4 percent on Wednesday, from 51 percent on Tuesday.
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Report shows weak productivity growth in African economies
ICAEW said Africa recorded average productivity growth rate of 1.7 percent per annum over the last 15 years.
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AFC, Harith announce $3.3 billion merger of African energy assets
The joint venture's assets have a combined gross operational and under-construction capacity of 1,575 MW.
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WAPCo suspends gas supply to Ghana over $180 million debt
Wapco supplies up to 25 percent of Ghana’s gas supply.
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Finance Minister Adeosun to speak at Xcellon infrastructure investment ...
The inaugural Infrastructure Breakfast Series will hold on July 21, 2016, at the Transcorp Hilton Hotel, Abuja.
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MasterCard pledges $10.8 million to train African innovators, entrepreneurs
The programme will benefit 125 academically talented but economically disadvantaged students from Sub-Saharan Africa and is ...
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Naira falls by 30 percent as flexible interbank forex market begins
The naira fell by 30 percent to close at N281.85 per dollar compared with the CBN’s previous official rate of N197 per ...
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