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Eurobond: Nigeria external reserves to hit 54 months high of $45bn

Statutory allocation funds to lower cost of funds By Babajide Komolafe NIGERIA’s external reserves will  rise to 54 months high of $45 billion this month following the conclusion of federal government’s $2.5 billion Eurobond this week. The Eurobond, which commenced last week with the announcement of its pricing on Thursday, will be concluded on Friday. According
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NEXIM Bank, House of Reps reiterate commitment to resuscitate Multi-Trex

The Nigerian Export Import (NEXIM) Bank and the House of Representatives Committee on Banking and Currency has restated plans to resuscitate the moribund Multi-Tex Integrated Plc, a cocoa manufacturing and processing company.“The Managing Director, NEXIM Bank, Mr Abba Bello, stated this during the tour of Multi-Trex facilities by members of the House of Representatives Committee on Banking and Currency and the management of Multi-Trex in Ogun State, Last week Friday.

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