May 8, 2021
  • May 8, 2021

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IMF approves $312.4 mln credit facility for Madagascar

by on March 30, 2021 0
The International Monetary Fund’s (IMF) executive board has approved a $312.4 million extended credit facility arrangement for Madagascar to help it cushion the effects of the COVID-19 pandemic and climate-related shocks, the fund said. “The COVID-19 pandemic continues to take a severe human and economic toll on Madagascar, reversing recent social and economic progress,... Read More

Nigerian banks grow credit to economy by 7.61% in Oct ~CBN

by on November 24, 2020 0
By Oludare Mayowa Nigerian banking industry credit to the domestic economy grew by 7.61 percent in October compared with 7.35 percent in the previous month, according to the Central Bank of Nigeria (CBN) data. Total credit to the economy stood at N19.54 trillion as of November 13, 2020, compared with N19.33 trillion at end-August,... Read More