Money

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Money

IMF Removes Nigeria From Debtor List

BY NKECHI NAECHE ESEZOBOR—The International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries. According to report posted on its official...

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IFC, TLG Capital Announce $75m First Close Of African Private Credit Fund to Support SMEs

To support small and medium sized enterprises in Africa—and to protect jobs at those businesses—IFC and TLG Capital today announced the first close...

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Afreximbank Launches $3 Billion Revolving Intra-African Oil Import Financing Programme

To address Africa’s persistent reliance on imported refined petroleum products, which accounted for an amount of US$30billion annually in petroleum import costs due...

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NDIC Begins Payment To Heritage Bank Depositors

The Nigeria Deposit Insurance Corporation, NDIC, has commenced payment of N46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank. According...

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World Bank Appoints Aliko Dangote to Elite Group

The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining...

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Stanbic IBTC Bank Supports GTR West Africa 2025 To Strengthen Regional Commerce

Stanbic IBTC Bank, a leading financial institution committed to driving economic growth in Nigeria and beyond, has announced its strategic sponsorship of GTR...

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IMF Cuts Nigeria’s GDP Growth Projection To 3.0% In 2025

NKECHI NAECHE- ESEZOBOR ( WASHINGTON DC)—The International Monetary Fund, IMF, on Tuesday revised Nigeria’s GDP growth forecast down to 3.0% in 2025 and...

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Stanbic IBTC Bank Unveils “There Is More” campaign: A Rallying Call For CEOs Across Nigeria

Stanbic IBTC Bank ignites a nationwide conversation with the launch of its latest thematic campaign, ‘There is Possible, Then There is More.’ Anchored...