Chinese Bank Approves $254.76m Loan for Kano-Kaduna Railway Project

Kano-Kaduna Railway Project Your browser does not support the video tag. The China Development Bank (CDB) has approved a 245 million euro ($254.76 million) loan to support the construction of the Kano-Kaduna railway project in Nigeria. According to a statement released by the bank on Tuesday, the loan aims to provide necessary financial backing for […] More

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CBN: FX Usage Drops As Invisible Transactions Reduce

CBN Headquarters Your browser does not support the video tag. In the third quarter of 2024, the demand for foreign exchange decreased significantly, mainly because of a notable reduction in invisible transactions. This was indicated in the latest Quarterly Statistical Bulletin published by the Central Bank of Nigeria on its website. Invisible transactions are non-physical […] More

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