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Money
Afreximbank to Avail $75 Million to Central Bank of The Gambia in a Cross-Currency Swap
African Export-Import Bank (Afreximbank) has signed an agreement to avail a US$75-million five-year cross-currency swap to the Central Bank of The Gambia (CBG)...
Moody’s Upgrades Ecobank Ratings Outlook to Stable
Moody’s has affirmed Ecobank Transnational Incorporated’s (ETI) B3/Not Prime long- and short-term issuer ratings; B3 senior unsecured debt rating; b2 notional Baseline Credit...
SEC Clarifies Its Position On First Holdco Transaction
The Securities and Exchange Commission (SEC), on Thursday clarified its position regarding the recent First Holdco Transaction. According to statement released by the...
Afreximbank Shareholders Approve Key Resolutions and Reaffirm Support for Preferred Creditor Status
At the 32nd Annual General Meeting of Shareholders of the African Export-Import Bank (Afreximbank), held as part of the Bank’s 2025 Annual Meetings...
Nigeria Loses $18b Annually To illicit Financial Flows-FIRS Boss
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has disclosed that Nigeria loses an average of $18 billion...
Despite Slowing Inflation, CBN Retains Interest Rate At 27.5%
In a bid to stimulate economic growth amid easing inflationary pressure, the Central Bank of Nigeria (CBN) on Tuesday, 22 July, 2025 announced...
Breaking : Eight Banks Fully Met Recapitalisation Requirements-CBN
The Governor of Central Bank of Nigeria (CBN) Olayemi Cardoso, on Tuesday, 22 July, 2025 disclosed that at least eight commercial banks in...
Nigeria’s GDP Appreciates By 3.13% In Q1’2025-NBS
The National Bureau of Statistics (NBS) on Monday said the nation’s annual gross domestic product (GDP) rate was 3.13 percent in the first...
