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We Want To Repay Etisalat’s $1.2bn Loan, Not Takeover The Company – Banks

We Want To Repay Etisalat’s $1.2bn Loan, Not Takeover The Company – Banks

We are not telecommunication companies, all we want is our money Consortium of 13 banks involved in Etisalat Nigeria loan on Thursday refuted reports that they have taken over the operations of the company. A management source close to the banks who pleaded anonymity in Lagos said that there was no truth in the report […]

Growbiz Account: Keystone Bank Restates Support For SMEs

Growbiz Account: Keystone Bank Restates Support For SMEs

Keystone Bank Nigeria Limited in line with the Federal Government’s recent drive to support growth of SMEs through its policies, has reiterated its commitment to the support of the growth of small and medium scale enterprises in Nigeria. This sentiment was expressed by the Acting Managing Director of the bank, Hafiz Bakare. ‎Mr. Bakare noted […]

World Bank Approves $961m Support For Nigeria

World Bank Approves $961m Support For Nigeria

The World Bank, in alignment with the Economic Recovery and Growth Plan of the Federal Government of Nigeria for 2017–2020, has approved two Programme-for-Results operations totalling $961m to support Nigeria’s federal and state governments in their effort to foster inclusion and revive growth. The Better Education Service Delivery for All Programme-for-Results is a $611m credit […]

N541 Billion Debt: Etisalat Nigeria Taken Over By Access Bank, Others

N541 Billion Debt: Etisalat Nigeria Taken Over By Access Bank, Others

A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15. The takeover followed the collapse of the effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie, to reach agreement with […]

Forex: Naira Firms As CBN Injects $195m Into Market

Forex: Naira Firms As CBN Injects $195m Into Market

The Nigeria’s Naira on Monday strengthened against the other foreign currency after the Central Bank of Nigeria (CBN) injected a total sum of $195 million into the inter-bank forex market on same day to meet the requests of customers in the various segments of the market. This follows the CBN’s intervention in the inter-bank foreign […]

CBN Pumps In $995m, Mulls New Forex Retail Option

CBN Pumps In $995m, Mulls New Forex Retail Option

The Central Bank of Nigeria is contemplating introducing a new FOREX retail option in Nigeria, just as it released another $195million into the market today. The bank last week released $800 million , making a total of $995million injection, in eight days. The bank hoped that the fund will adequately meet the requests of customers […]

Nigeria’s Current Account Balance Hit N823 Billion

Nigeria’s Current Account Balance Hit N823 Billion

Showing a sign of recovering from a deficit of $15.43 million in 2015, Nigeria recorded a positive current account balance of $2.72 (N823 billion) million in 2016. The Organisation of the Petroleum Exporting Countries (OPEC), which made the disclosure in its 2017 Annual Statistics released recently, showed that OPEC countries recorded a collective current account […]

Principal Legal Counsel, Administrative Tribunal Job At African Development Bank (AfDB)

Principal Legal Counsel, Administrative Tribunal Job At African Development Bank (AfDB)

Established in 1964, the African Development Bank Group (AfDB), is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through […]

Chief Agricultural Economist Job At African Development Bank (AfDB)

Chief Agricultural Economist Job At African Development Bank (AfDB)

Established in 1964, the African Development Bank Group (AfDB), is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through […]

Chief Agro-industrial Officer Job At African Development Bank (AfDB)

Chief Agro-industrial Officer Job At African Development Bank (AfDB)

Established in 1964, the African Development Bank Group (AfDB), is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through […]

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