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MILOST PLANS $1 BILLION INVESTMENT IN UNITY BANK

Milost Global Inc. is looking to inject as much as $1 billion to recapitalize Unity Bank Plc, which is struggling to build buffers after a slowdown in Africa’s biggest economy, according to two people familiar with the matter. Bloomberg reported that New York-based Milost offered to invest $700 million in …

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CBN PUMPS FRESH $210 MILLION INTO FOREX MARKET

  The Central Bank of Nigeria (CBN) on Monday injected another sum of $210 million into the interbank forex market as part of its desire to sustain liquidity in the market and ensure improved availability of the greenback in various segments of the market. According to the figures obtained from …

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