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Nigeria Cbank issues FirstRand with merchant bank license
Reuters: Financials
Fri, 23 Nov 2012
LAGOS, Nov 23 (Reuters) - Nigeria's central bank has issued the first merchant banking licenses in more than a decade to South Africa's FirstRand and local firm FSDH, it said on Friday.
The EuropeanCentralBank has helped soothe short-term sovereign debt worries in Europe, but long-term competiveness must be improved for the crisis to fully fade away, says Morningstar's Dave Sekera.