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Sao Tome And Principe President Appoints Central Bank Governor As New PM

Sao Tome and Principe’s President Carlos Vila Nova issued a presidential decree on Sunday appointing Americo D’Oliveira dos Ramos as the country’s new prime minister. Before the appointment, Americo Ramos served as the governor of the country’s central bank. This decision followed the resignation of former Prime Minister Ilza Amado Vaz, who submitted her resignation…

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NCSP D-G, Tegbe, In China To Strengthen Nigeria-China Bilateral Trade Relationship

Director-General of Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, has arrived in China, as part of commitments to strengthening the bilateral trade between the two countries. Tegbe, in a statement made available to the News Agency of Nigeria (NAN) on Sunday in Abuja, described the business trip as a significant step to furthering the comprehensive strategic…

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Yuan Weakens To 7.1879 Against Dollar

The central parity rate of the Chinese currency renminbi, or the Yuan, weakened three pips to 7.1879 against the on dollar Tuesday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…

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Yuan Strengthens 7.1876 Against Dollar

The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened two pips to 7.1876 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…

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Bankit Microfinance Bank Unveils Web Platform

Bankit Microfinance Bank has unveiled its web banking platform to provide customers with additional digital channel to manage and carry out uninterrupted daily transactions on their phones, laptops and other devices. Yen Choi, Chief Executive Officer, Bankit Africa, in a statement on Tuesday said with the innovative solution, the bank was redefining convenience and security…

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World Bank Raises Nigeria’s NIN Target To 180m

The World Bank has raised Nigeria’s target for National Identification Numbers (NIN) issuance under the Digital Identity for Development (ID4D) project from 148 million to 180 million, reflecting confidence in the country’s progress despite earlier setbacks. The ID4D project, launched in February 2020 with a $430 million budget, aims to establish an inclusive digital identity…

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ECOWAS To Launch Single Currency, ECO, In 2027

The Economic Community of West African States (ECOWAS) is ramping up preparations for the introduction of its single currency, ECO, following a consensus reached during its 65th Ordinary Session. This announcement was made in a communiqué released after the 66th ordinary session of the heads of state and government meeting held in Abuja on Sunday….

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