Tag: Foreign

$52m increase in Egypt’s foreign exchange to hit $44.11bn

Posted by - April 3, 2019

The Central Bank of Egypt (CBE) has announced an increase in foreign reserves by $52m by the end of March 2019, reaching $44.11bn, compared to $44.06bn by the end of February 2018. This level of reserves covers more than eight months of commodity imports in Egypt. The foreign exchange reserves increased by 14.9% or $5.53bn

FBN Holdings Mulls Foreign Listings as First Bank Clocks 125

Posted by - March 4, 2019

Nigeria’s Premier financial institution and iconic banking Brand, First Bank of Nigeria Limited, has disclosed that it is considering going public in other countries. This came as the institution officially flagged off its 125th anniversary across its various locations of operations including its head office in Lagos, where the official hoisting of the ceremonial flag