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Focus on Africa’s auto sector

Take a journey through any African city and it’s clear that the continent is permanently on the move. Minibuses crammed with commuters weave manically through …

Nigeria: Investors ditching banks for fixed-income securities

Savvy investors are pulling their deposits out of banks, where interest rates are in the single digits, and placing them in the securities market for higher returns. The securities market has been boosted by rising issuances of treasury bills and bonds by the government. The trend has led to a dip in banks’ deposits and less credit being made available to small businesses, writes Michael Nkwor.