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Pandemic May Cause Africa’s 1st Recession In 25 Years – World Bank

Pandemic May Cause Africa’s 1st Recession In 25 Years – World Bank

The World Bank warned Thursday that sub-Saharan Africa could slip into its first recession in a quarter of century because of the coronavirus pandemic on the world’s most impoverished continent. “We project that economic growth…

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Access Bank Leads Fight Against Coronavirus

Access Bank Leads Fight Against Coronavirus

Access Bank PLC, is at the forefront of the interventions deployed to fight the COVID-19 pandemic by big players in the private sector. The Bank played a major role in the formation of The Coalition…

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Access Bank Innovates To Give Customers Access To Funds In COVID-19 Time

Access Bank Innovates To Give Customers Access To Funds In COVID-19 Time

Access bank plc has introduced a Dual Transaction Service(DTS), an enhanced debit card service that provides access to credit at the same time. The Dual Transaction Service (DTS) is a bundled service designed to allow…

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Coronavirus: Naira Plunges Further, Dollar Sells For N412

Coronavirus: Naira Plunges Further, Dollar Sells For N412

The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market. This followed a temporary suspension of sale of forex to the Bureau De Change operators in the industry by…

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Coronavirus: CBN Suspends Cheques Clearing Instruments Indefinitely

Coronavirus: CBN Suspends Cheques Clearing Instruments Indefinitely

The Central Bank of Nigeria on Monday suspended indefinitely, the clearing of cheques instruments in the Nigerian clearing system The apex bank said this in a circular released on Monday to all Deposit Money Banks…

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Coronavirus: UBA Fulfills N1b Donation To Lagos Govt

Coronavirus: UBA Fulfills N1b Donation To Lagos Govt

Lagos State Governor Mr. Babajide Sanwo-Olu on Sunday received a cheque for the sum of 1billion naira from the United Bank for Africa as part of the bank’s commitment to help curb the devastating effects…

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Coronavirus: N100bn Health Intervention Fund To Last Till 2030 —CBN

Coronavirus: N100bn Health Intervention Fund To Last Till 2030 —CBN

The Central Bank of Nigeria (CBN) has announced that the N100 billion health intervention fund earmarked for tackling the COVID-19 crisis will terminate in 2030. “The exit date of this intervention is December 31, 2030,”…

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Coronavirus: IMF Proposes $1bn Aid Package For Poor Countries

Coronavirus: IMF Proposes $1bn Aid Package For Poor Countries

The International Monetary Fund (IMF) has inaugurated a fund-raising initiative through its Catastrophe Containment and Relief Trust (CCRT) that would enable it provide additional debt service succour to its poorest member nations. As a unit…

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UBA Commits $14m To Fighting Coronavirus In Africa

UBA Commits $14m To Fighting Coronavirus In Africa

Pan-African lender, United Bank for Africa (UBA) Thursday said it would earmark $14 million (around N5 billion) to strengthen the campaign against the covid-19 scourge in Africa. A statement from the bank this morning said…

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Coronavirus: Access Bank To Build 1000-Bed Centres

Coronavirus: Access Bank To Build 1000-Bed Centres

Access Bank is leading other corporate bodies to build four fully equipped 1000-bed centres. It also plans to fly in technical partners to train Nigerian doctors. In a statement, the bank’s CEO, Herbert Wigwe, said:…

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