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The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increase
The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in ...
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CBN Injected $4.37bn into Foreign Exchange Market in 3 Months
The Central Bank of Nigeria has disclosed in its third quarter economic report, that it injected $4.37bn into the foreign exchange market in ...
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Nneka Onyeali-Ikpe assumes role as Fidelity Bank CEO
Mrs Nneka Onyeali-Ikpe has formally assumed her role as the Chief Executive Officer of Fidelity Bank Plc. She will also become the first ...
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AFC secures $250 million capital loan from International Development Finance Corporation
Africa Finance Corporation (AFC) announced that it has successfully secured a $250 million tier-2 capital loan from U.S. International Development Finance Corporation (DFC). ...
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Fintech Firm Launches Online Payment, e-Commerce Platform
A Nigerian Fintech startup, Shago Payments Limited has finally launched its bill payment and e-commerce platform, Shago, into the Nigerian financial sector to ...
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Bitsika posts impressive 2020 metrics including a 4,000% increase in transaction volume from 2019
Atsu Davoh the co-founder and CEO of Ghanaian fintech startup, Bitsika, has disclosed some key metrics milestones achieved on the platform in 2020. Launched ...
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China’s central bank faces tricky balance to support liquidity
The People’s Bank of China has taken steps to ease financial conditions after interbank rates doubled in the second half of the year, ...
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Kenya’s Remarkable Financial Inclusion Journey
Patrick Njoroge, the Governor of the Central Bank of Kenya notes the importance of digital finance in achieving high levels of financial inclusion ...
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Commodity group import index rose by 1.89% in Q3’20 —NBS
The all commodity group import index rose by 1.89 per cent between July and September 2020. The National Bureau of Statistics disclosed this ...
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Contactless limit could be raised to £100 in one of Britain’s first steps away from EU
The limit on contactless payments in Great Britain could be raised from £45 to £100 as Britain steps away from EU rules. The ...