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Newly introduced foreign exchange policy will strengthen naira — CBN

The newly introduced foreign exchange policy by the Central Bank of Nigeria (CBN) will help shore up the naira, an official of the bank has said.

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Fitch affirms UBA, Stancbic IBTC ratings

FITCH Ratings, the global leader in credit ratings and research, has re-affirmed the national ratings of United Bank for Africa, UBA Subsidiaries and Stanbic IBTC Bank PLC (SIBTC) and its holding company, Stanbic IBTC Holdings Plc, in spite of the inclement operating environment, market volaatility and present recession in Nigerian economy.

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