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CBN Grants JPMorgan Approval-in-Principle to Establish Merchant Bank in Nigeria
The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as...
CBN to Push for Stronger Cross-Border Payment Arrangements with China
BY NKECHI NAECHE-ESEZOBOR—(BANGKOK,THAILAND)—The Central Bank of Nigeria (CBN) says it will press for practical arrangements to ease cross-border payments with China when its...
Mongolia Joins World Bank’s IDA as Donor
BANGKOK,THAILAND—Mongolia has become a donor to the World Bank Group’s International Development Association (IDA), with its parliament approving a contribution of MNT 4.8...
IMF Raises Nigeria’s Growth Forecast to 4.2%, Urges More Non-Oil Revenue
BY NKECHI NAECHE-ESEZOBOR—(BANGKOK, THAILAND)—The International Monetary Fund (IMF) has upgraded its growth projection for Nigeria, citing improved oil prices that have boosted foreign...
Cardoso, Oyedele Back Single-Digit Inflation as Reserves Hit 18-Year High
BY NKECHI BAECHE-ESEZOBOR( BANGKOK, THAILAND)—The Central Bank of Nigeria Governor Olayemi Cardoso and Finance Minister Taiwo Oyedele have said bringing inflation down to...
AFC Appoints CBN Governor Yemi Cardoso as Board Chairman
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced the appointment of Mr. Olayemi Cardoso, Governor of the Central Bank...
IMF Urges Governments to Fix Public Finances as Bond Yields Hit Multi-Decade Highs
BY NKECHI BAECHE-ESEZOBOR—(Bangkok, Thailand)— The International Monetary Fund (IMF) has urged governments to repair their public finances “before the cracks widen,” warning that...
IMF Keeps Growth Outlook at 3.1%, Raises 2027 Forecast to 3.4% Amid Rising Risks
NKECHI NAECHE-ESEZOBOR—(BANGKOK, Thailand) – The International Monetary Fund (IMF) has kept its 2026 global growth forecast at 3.1% and slightly raised its outlook...
