Finance
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Afreximbank Facilitates $650m Financing For Oando’s Acquisition
African Export-Import Bank (Afreximbank) said, its has successfully arranged a $500-million and a junior $150-million reserve-based lending facility for Oando…
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FG Launches Initiative To Boost Trade, Economic Growth
The Federal Government has launched an initiative called the National Single Window (NSW) aimed at streamlining trade processes, reduce bottlenecks,…
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Diaspora Remittance Inflows Hit $553m In July -CBN
The Central Bank of Nigeria (CBN) has reported an all-time remittance inflows of $553 million in July 2024, a 130…
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FG Sets October Date For Crude Oil Sale In Naira
The Federal Government has disclosed that the sale of crude oil in naira to local refineries in the country would…
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Afreximbank Grows Net Interest Income To $826.2m
African Export-Import Bank (Afreximbank) grew its Net Interest Income for H1’2024 by 24.5% to US$826.2 million, compared to US$663.6 million…
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FAAC: FG, States, LGCs Share N1.3Trn As July Revenue
A total sum of N1.3trillion has been shared to the three tiers of Governments; Federal, States and Local Government Councils…
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Nigeria Launches $500m Domestic Bond
In a bold step towards economic transformation, the Federal Government of Nigeria has launched a $500 million domestic bond. The…
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FG Inaugurates Committee To Develop Framework For Crude Oil Sales In Naira
The Federal Government has inaugurated a Technical Sub-Committee tasked with the responsibility of developing a framework for the sale of…
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Afreximbank Signs Pact To Support Veenocks’ Porcelain Tiles Plant In Nigeria
African Export-Import Bank (Afreximbank) has signed a project preparation facility agreement with Veenocks Limited to finance the development of Veenocks’…
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We’re Not Conducting General Recruitment – CBN Says
The Central Bank of Nigeria (CBN) says it is presently not conducting general recruitment exercise. CBN made the clarification in…
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