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IMF warns of rising African debt despite faster economic growth
ACCRA, MAY 8, 2018 - Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, despite an...
Banks’ credit to Nigeria’s economy declines by N136bn in Q1 2018...
ABUJA, MAY 8, 2018 – The total credit from banks to the economy recorded a decline of N135.8bn from N15.74tn at the end of...
Nigeria missing in fintech, e-Banking African Bankers Award list
MAY 8, 2018 – No Nigerian lender was shortlisted for home grown innovations in financial-technology and electronic banking for this year’s African banker’s Award.
The...
Access Bank’s loans to oil & gas sector up by 5%
LAGOS, MAY 8, 2018 – Access Bank Plc’s exposure to the energy sector rose slightly in 2017, as its loans and advances to oil...
Nigeria, others lose N2.89trn to Foreign Insurance Companies
MAY 8, 2018 – Nigeria, Ghana and other regional insurance markets annually lose a whooping N2.89 trillion($8billion) to offshore insurance markets mainly in Europe...
Nigeria’s E-banking transactions up by 10 % in Q1 2018
MAY 8, 2018 – Value of electronic payments in Nigeria rose by 10 percent to N32.5 trillion in the first quarter of 2018 (Q1’18)...
Africa’s air traffic rise by 9.5%; Nigeria, S’Africa highest
MAY 8, 2018 – The International Air Transport Association (IATA) has announced its global passenger traffic results for March 2018 showing that demand (measured...
Africa’s E-Commerce Giant Sets Sights on This Promising Market
...Jumia looking for unexpected help to grow Egypt business
MAY 7, 2018 - Africa’s leading online shopping platform, Jumia, wants to make Egypt its biggest...
Record Bond Sales Await Nigeria as Firms Flock to Raise Debt
LAGOS, MAY 7, 2018 - Nigeria’s securities regulator is preparing for record bond issuance from companies seeking to benefit from lower interest rates and...
Army Gives Tips On Identification Of Suicide Bombers
ABUJA, MAY 7, 2018 - Chief of Army Staff Lt. Gen. Tukur Buratai yesterday gave tips on how to identify suicide bombers.
Speaking during a...
