Thursday 15 November 2018
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saharareporters - 12 days ago

Two Global Banks Close Offices In Nigeria


HSBC and UBS closed their offices in Nigeria. The Central Bank of Nigeria said this in a report on Friday as it revealed foreign investment had fallen sharply from a year ago. The CBN said foreign direct investment in Nigeria fell to N379.84bn ($1.2bn) in the first half of the year from N532.63bn ($1.7bn) a year earlier. It did not give reasons for the banks’ closure. The central bank s aid the outlook for the Nigerian economy in the second half was “optimistic” given higher

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