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FirstRand, Zenith, GTB Top Africa’s Banking Groups Ranking
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FirstRand and Nigerian groups dominate the top spots in The Africa Report’s 2023 ranking of the continent’s banks, which for the first time combines...
Currency Devaluation, a Boon for Big Banks as FX Gains Hit N1.61trn
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The largest lenders in Africa’s most populous nation are not feeling the pains of a tough operating environment as the currency devaluation is a...
Powell Signals Fed Tightening Done With Rate Hold
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Federal Reserve Chair Jerome Powell hinted the US central bank may now be finished with the most aggressive tightening cycle in four decades after it held off...
Nigeria Senate Approves $7.8bn, €100m External Loans In Tinubu Borrowing Plan
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The Senate has approved the sums of 7.8 billion dollars and 100 million euros in President Bola Tinubu’s proposed 2022–2024 borrowing plan.
The President had...
Immigrants Exit Canada on Poor Housing, Healthcare, Job Prospects
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New research suggests more immigrants to Canada have chosen to leave in recent years, a threat to a country that relies on immigration to...
Brent Edges Above $85 as Traders Focus on Israel-Hamas War
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Brent traded above $85 after slumping in the first two days of the week, as a still-contained Israel-Hamas war caused attention to shift to...
Russia Set to ‘Sharply Increase’ Oil Exports in November
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Russia is likely to sharply increase oil exports in November, business daily Kommersant reported on Tuesday, citing Kpler analysts.
According to the report, the country’s...
Investors Eye Bumper Dividend as Banks Post Record Profit
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The most liquid and capitalised banks have posted record profit underpinned by a high yield environment and foreign exchange revaluation gains, paving the way...
Israel Sends Warships to Red Sea After Aerial Attacks from Yemen
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Israeli missile boats were deployed in the Red Sea on Wednesday as reinforcements, the IDF said in a statement, following long-range missile and drone...
Tizeti Secures Debt Financing to Expand Internet Access in Nigeria
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Chapel Hill Denham’s Nigeria Infrastructure Debt Fund (NIDF) has agreed to provide long-term financing to Tizeti Network Limited, West Africa’s pioneer solar-based internet service...