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Zenith Bank, Agence Francaise De Development Sign $100m Power Sector Credit Facility

Zenith Bank Plc, a foremost financial institution in Nigeria and French Development Agency (Agence Francaise de Development (AFD), operator of France’s bilateral development finance mechanism, have signed a US$100 Million power sector credit facility. The on-lending term loan being made available to Zenith Bank is to support new investments in the CAPEX (capital expenditure) of Distribution Companies (DISCOs) in the power sector in Nigeria.

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Sterling Bank, Access Bank Explain Why EFCC Visited Offices

Sterling Bank and Access Bank have notified the Nigerian Stock Exchange about their operations concerning the ongoing investigations by the Economic and Financial Crimes Commission.

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Nigeria Ready to Devalue Naira – Osinbajo

Vice President, Professor Yemi Osinbajo, in the presence of the current economic challenges facing the country, said on Wednesday that Nigeria is in the move to “substantially re-evaluate” its foreign exchange policy, adding that a “more flexible approach” to the currency should be expected “soon.”

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Forex Scarcity is Bringing Out The Best in Nigerians – CBN Governor

The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele has observed that the current scarcity of foreign exchange, forex, confronting the country is proving to be bringing out the best in Nigerians as the local production of various essential goods are now being given priority.

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