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Aceess Bank gets CBN, SEC’s approval to acquire Diamond Bank - Vanguard News NigeriaAccess Bank and Diamond Bank Plc have obtained approval in principle from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on proposed merger plans.
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Absa Bank rules out Nigerian bank acquisition - Vanguard News NigeriaSouth African leading commercial bank, Absa (Amalgamated Bank of South Africa) has ruled out the acquisition of a Nigerian bank in the pursuit of its aggressive growth strategy. Absa’s Chief Executive Officer, Maria Ramos, disclosed this to Reuters on the sidelines of the World Economic Forum in Davos yesterday.
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World Bank leading the charge on development finance - Vanguard News NigeriaThe World Bank, whose new president is due to be appointed by mid-April, is a global financial organization whose mission is to end extreme poverty by supporting development projects.
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World Bank forecasts 2.2% growth for Nigeria in 2019 - Vanguard News NigeriaWorld Bank has put the estimated growth rate for Nigeria’s economy in 2019 at 2.2 percent with its forecast oil price at average $67 per barrel for the current year and next year, down $2 from its projections last June.
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LCCI urges World Bank to review ease of doing business indicators - Vanguard News NigeriaThe Lagos Chamber of Commerce and Industry (LCCI) says the World Bank needs to review the indicators for composition of the Ease of Doing Business Index to reflect the reality of each country.
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