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BANKING & FINANCE

BANKING & FINANCE

Sterling
BANKING & FINANCE NEWSLETTER

The British pound weakened on Friday, weighed down by European Commission President Jean-Claude Juncker’s telling Britain’s new prime minister, Boris Johnson, that a deal agreed by his predecessor ...
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Dollar
BANKING & FINANCE NEWSLETTER

The dollar climbed to two-month peaks on Friday and was on pace for a second straight weekly gain after data showed the world’s largest economy slowed at a ...
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Union bank
BANKING & FINANCE

Union Bank of Nigeria has announced its partnership with TEDxLagos to host the upcoming TEDxLagos event tagged ‘Spring’. The collaboration, according to a statement from the bank, would ...
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Sterling
BANKING & FINANCE NEWSLETTER

Sterling traded below $1.25 on Thursday, little changed, after new Prime Minister Boris Johnson filled his cabinet with Brexiteers and vowed to leave the European Union on Oct. ...
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CBN
BANKING & FINANCE COVER NEWSLETTER

The Nigerian inter-bank foreign exchange market received another boost of $210 million from the Central Bank of Nigeria (CBN) following transactions concluded the previous day. The CBN Director ...
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CBN
BANKING & FINANCE COVER NEWSLETTER

The Central Bank of Nigeria has issued licences to three new banks. According to an updated list made available on the apex bank’s website, the number of banks ...
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MPC
BANKING & FINANCE

The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), on Tuesday, retained key lending rate at 13.5%. This is the outcome of the third monetary policy committee ...
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CBN
BANKING & FINANCE COVER NEWSLETTER

Central bank still in tightening mood as MPC meets LCCI backs new lending policy The Central Bank of Nigeria (CBN) yesterday dismissed reports that it had barred commercial ...
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BoI
BANKING & FINANCE COVER NEWSLETTER

Close watchers and some of the associates of Pastor  say when he speaks, the force comes in the weight of his words rather than the velocity or loudness. ...
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Fidelity Bank
BANKING & FINANCE

As part of efforts to promote financial literacy, Fidelity Bank Plc has organised a campus activation programme at the Federal College of Education (Technical), Yaba Lagos with a ...
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Dollar
BANKING & FINANCE NEWSLETTER

The dollar was little changed to slightly higher on Monday in thin summer trading, with the greenback’s upside potential hampered by expectations the Federal Reserve will cut interest ...
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sterling
BANKING & FINANCE NEWSLETTER

The British sterling fell back towards six-month lows against the dollar and the euro on Monday, with traders still nervous about a loss of momentum in the UK ...
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Dollar
BANKING & FINANCE NEWSLETTER

The dollar fell for a third straight session on Friday, still pressured by expectations the Federal Reserve will start cutting interest rates at a monetary policy meeting later ...
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Pound
BANKING & FINANCE NEWSLETTER

The pound was set for a record 10th week of consecutive losses against the euro on Friday as weak data and the growing possibility of interest rate cuts ...
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Libra
BANKING & FINANCE INTERNATIONAL

Donald Trump is not a fan of Libra, Facebook’s proposed cryptocurrency, the president made clear in a series of tweets on Thursday evening. “Facebook Libra’s ‘virtual currency’ will ...
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The new Central Bank of Nigeria’s (CBN) policy on Standing Deposit Facility (SDF) which became effective yesterday, may lead to a reduction in cost of managing system liquidity ...
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Dollar
BANKING & FINANCE NEWSLETTER

The dollar slipped to near a one-week low on Thursday after Federal Reserve Chair Jerome Powell’s bleak comments on the U.S. economy bolstered expectations of an interest rate ...
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Ecobank
BANKING & FINANCE

Ecobank Nigeria has denied reports on social media that it recently retrenched over a thousand workers from its branches across the country. In statement entitled: “Cessation of Contract ...
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CBN
BANKING & FINANCE COVER NEWSLETTER

The Central Bank of Nigeria (CBN) last night introduced fresh rules for accessing its Standing Deposit Facility (SDF). The SDF is the rate at which commercial and merchant ...
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Dollar
BANKING & FINANCE NEWSLETTER

The dollar fell on Wednesday after Federal Reserve Chairman Jerome Powell struck a downbeat tone in congressional testimony, saying trade uncertainties and concerns about the global outlook continued ...
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