Telecommunications company, MTN Nigeria, has proposed a merger of its two finance subsidiaries; Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. This was
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The gray listing of Africa’s leading economies—South Africa and Nigeria—by global anti-money laundering and terrorism financing watchdog, Financial Action Task Force (FATF), is expected to
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Nigeria will seek to unify its multiple exchange rate regime to generate more local currency from its dollar inflows and manage the rate in a sustainable manner, Finance Minister Zainab Ahmed said in
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Bob Diamond’s ambitions of building a top tier Nigerian bank are taking shape after the sale of a stake in Atlas Mara Ltd. gave him enough cash to make acquisitions in Africa’s most populous
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Vice President Yemi Osinbajo has a well-structured small and medium scale industry was the way to go if the economy must be developed and catch up with the advanced world. Osinbajo
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Nigerian President Muhammadu Buhari demanded an explanation Monday from the finance ministry about a $1.1 billion loan from a Chinese bank that was assigned to rail projects in Nigeria but used
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Some of the Money Deposit Banks in the country have compiled for sale the lists of houses, hotels, filling stations, schools, among other property used as collateral by debtors in a bid to recover
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Nigeria’s central bank governor has dismissed calls to further devalue the naira amid growing domestic and international concern about the tough outlook facing Africa’s largest economy after
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The Nigeria-United Kingdom Capital Markets Project Tuesday unveiled the Emerging Capital Market Taskforce, which it said, would deepen market capacity and attract domestic and international
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Greek Finance Minister Yanis Varoufakis has resigned from office, hours after voters backed his call to reject creditors’ demands for more austerity in a referendum. Voters in Greek delivered an
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