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UBA’s loans to Agriculture, Power sectors in Nigeria hit $739 Million
Whereas most commercial banks shy away from lending to the agriculture sector, Pan-African banking group, United Bank for Africa (UBA) Plc has granted...
Banking
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Commercial Bank of Ethiopia released £300 million amid currency crunch
With the country in the midst of a severe forex crisis, the Commercial Bank of Ethiopia (CBE) has released an aggregate sum of nearly 300 million doll...
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FCMB Group Announces N170bn Gross Revenue
FCMB Group Plc has released its financial results for the year ended December 31, 2017, reporting a gross revenue ofN169.9 billion. Going by the audit...
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FCMB appoints Oladipupo Jadesimi as new Chairman
Business mogul, Oladipupo Jadesimi, has been appointed the new chairman of First City Monument Bank (FCMB). Mr. Jadesimi’s appointment followed the ap...
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South African consortium to acquire 51% stake in Macquarie Group
Macquarie Group has announced that its South African cash equities business has entered into a sale of shares agreement to become a majority black-own...
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Standard Chartered Bank launches digital bank in Côte d’Ivoire
Standard Chartered Bank has on Friday, 16 March 2018 announced the launch of its digital bank in Côte d’Ivoire. According to the company, this marks t...
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‘Kenyan banks among world’s most profitable’ – McKinsey
Banks operating in Kenya and other African countries are the second most profitable globally after those in Latin America, a new report by consultancy...
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China Development Bank and UBA sign $100 million loan deal to support SMEs in Africa
United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution, o...
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Cryptocurrencies should be regulated to crack down on illegal activities – Bank of England
The Bank of England governor said their inherent risks meant investing in cryptos could lose money. “The time has come to hold the crypto-asset ...
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Skye Bank emerges best performing stock in Nigeria
Skye Bank has emerged the best performing stock in January, with a growth of 194 per cent in spite of not presenting its financial reports for two yea...