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ICIEC, JBIC) forge strategic alliance to boost trade, investment

Kindly leave a comment and share Chuks Udo Okonta The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-based multilateral insurer and a member of the Islamic Development Bank (IsDB) Group, and the Japan Bank for International Cooperation (JBIC) have signed a landmark Memorandum of […]

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Africa Finance Corporation diversifies shareholders with new equity from Democratic Republic of Congo’s

Kindly leave a comment and share Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced that it has received a new equity investment from Rawbank, one of the Democratic Republic of Congo’s (DRC) leading banking and financial institutions. This equity injection is aligned with AFC’s strategy […]

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African Development Bank approves $40m Trade Finance Transaction Guarantee Facility to Ethiopia’s Dashen Bank

Kindly leave a comment and share The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $40 million transaction guarantee facility to support Dashen Bank’s trade finance activities in Ethiopia. The Facility will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates’ import […]

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AM Best upgrades credit ratings of Lloyd’s

Kindly leave a comment and share Chuks Udo Okonta AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” (Superior) from “a+” (Excellent) of Lloyd’s (United Kingdom). The ratings reflect Lloyd’s balance sheet strength, which […]

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Ekpo underscores benefits of gas development

*Hails NCDMB’s strides in local content development Kindly leave a comment and share Chuks Udo Okonta Amidst the clamour for good governance and reduction in the cost of living in the country, the Minister of State for Petroleum Resources (Gas), Hon Ekperikpe Ekpo has asserted the Federal Government’s firm determination […]

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NNPC debunks involvement in economic sabotage

Kindly leave a comment and share Chuks Udo Okonta The Group Chief Executive Officer of NNPC Limited, Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage. A statement by […]

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Coronation Securities exposes investors to bank capitalisation benefits

Kindly leave a comment and share Chuks Udo Okonta Coronation Securities Limited today gathered financial experts to educate the public on the enormous benefits inherent in the ongoing banking capitalisation. The education event which was conducted through a webinar and themed: ‘Understanding Bank Capitalisation: Rights Issue and Opportunities for Investors’ […]

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NCC directs telcos on tariffs transparency

Kindly leave a comment and share Chuks Udo Okonta The Nigerian Communications Commission (NCC) has issued a directive to telecommunications operators to simplify their tariff plans, bundles, and promotional activities. This move aims to provide clear, easy-to-understand, and accurate information about the cost of voice, short messaging service (SMS) and […]