Moody’s Investors Service, the bond credit rating business of Moody’s Corporation, on Tuesday said Nigeria’s economic growth was resilient, predicting that the country could emerge as the largest economy in Africa by 2020. The firm’s report obtained by our correspondent said, “Nigeria’s $260bn economy is on track to overtake South […]
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Electronic fund transactions hit N80b daily, says CBN
By InvestAdvocate Lagos (INVESTADVOCATE)-The total value of electronic funds transfer in Nigeria has risen to N80 billion per day, the Central Bank of Nigeria (CBN) has said. This, according to the apex bank shows the growing acceptance of the cashless policy, which has facilitated such growth, by a lot of […]
World Bank to lend $5bn to Africa
The World Bank’s investment arm will increase lending to sub-Saharan African countries by up to a quarter this year as private sector companies flock to the fast-growing region. The Vice-President, International Finance Corporation, an arm of the World Bank, Mr. Jean-Philippe Prosper, said the IFC would make new investments of […]
