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Banking & Finance

It is going to assuage the fears of portfolio investors, reduce rent-seeking in the foreign exchange market, serve a deterrent to currency hoarding and mitigate revenue shortfalls for the economy. (Image source: James Malone/Flickr)

The Central Bank of Nigeria (CBN) has tinkered with the country’s exchange rate, and in the process, unified the previous various exchange rates

Ecobank is a modern pan-African financial institution providing financial solutions. (Image source: geralt/Pixabay)

Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, announces two new appointments and changes on its Board of Directors

Creditors and shareholders of the closed banks had also been paid liquidation dividends to the tune of US$14mn as on 31 December 2019. (Image source: ooceey/Pixabay)

The Nigeria Deposit Insurance Corporation (NDIC) has said that all depositors of previously liquidated 18 Deposit Money Banks (insured and uninsured), whose funds were trapped in such banks have been fully paid

The study expected that economic growth in Africa is projected to accelerate moderately in 2020. (Image source: Photo Mix/Pixabay)

Real GDP growth in Africa is resilient despite global uncertainty, according to the European Investment Bank (EIB)

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