Nigeria economic indices still looking bleak
From a record USD6.95 billion deficit reported in Q4-19, Nigeria’s Current Account (CA) deficit shrank by 29.8% q/q to USD4.88 billion over Q1-20. When viewed as a percentage of GDP, this translates to -1.3%. The blend of a marked reduction…
Ecobank inks investment financing deal with Afreximbank
Ecobank Transnational Incorporated, the parent company of Ecobank Group has consummated new Memorandum of Understanding with the African Export-Import Bank to drive investment financing. President of Afreximbank, Dr Benedict Oramah, in a statement Wednesday said that the collaboration would open…
