Nigeria’s $5 billion financing arrangement with First Abu Dhabi Bank (FAB) is entering a new phase as the UAE-based lender considers syndicating part of its exposure to other banks. The …
CurrencyCurrency & ExchangeEconomy
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Currency & Exchange
- CurrencyCurrency & ExchangeCurrency MarketEconomy
Naira Holds at ₦1,328 After CBN Rate Cut for Investors
Naira Holds at ₦1,328 After CBN Rate Cut The naira remained broadly stable at ₦1,328.67 per dollar in Nigeria’s official foreign exchange market on Thursday, despite the Central Bank of …
- BusinessCapital MarketCurrency & ExchangeEconomyFinanceINVESTMENTStock Market
NGX Gains N479bn as Investors Cheer Economic Reforms, Blue-Chip Stocks Lead Rally
Nigeria’s equities market continued its bullish momentum on Thursday, gaining N479 billion in market capitalisation as investor confidence strengthened on the back of ongoing economic reforms and improving macroeconomic indicators. …
- BankingCurrency & ExchangeEconomyFinanceGovernment PolicySouthern Africa
Bank of Zambia Withdraws Nearly Half of Old Currency From Circulation
The Bank of Zambia (BoZ) has announced that almost half of the country’s old banknotes have now been withdrawn from circulation as part of its ongoing currency replacement programme. Speaking …