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Category: Money Line

Naira’s prospects brighten amid surge in fx inflows

ith Nigeria’s external reserves maintaining a downward trend in recent years, as a result of inadequate oil production and the exit of Foreign Portfolio Investors (FPIs), most analysts who made predictions about the country’s economy…

Report: Nigeria Plans Return To Eurobond Market by June

Report: Nigeria Plans Return To Eurobond Market by June

Nigeria has hired investment banks including Citibank, JPMorgan Chase & Co. and Goldman Sachs Group Inc. to advise it on its first eurobond issue since 2022, Bloomberg reported people familiar with the deal as saying. According…

IMF Begins Process of Selecting Next MD

IMF Begins Process of Selecting Next MD

The International Monetary Fund has begun the process of selecting its next Managing Director (MD) and intends to choose a candidate by the end of April, according to a statement issued by the global lender’s…

Food Security: CBN Presents N100bn Worth of Fertilisers to FG

Food Security: CBN Presents N100bn Worth of Fertilisers to FG

To address the current spike in cost of food items, the Central Bank of Nigeria (CBN ) has handed over 2.15 million bags of assorted fertilisers valued at over N100 billion to the Federal Government…

Interswitch, World Bank, Others Unveil Global Payments Innovation Report

Interswitch, World Bank, Others Unveil Global Payments Innovation Report

Interswitch Group has formally unveiled the 2024 Global Payments Innovation Jury Report, in partnership with the World Bank, and other notable international payment players, namely HPS and Fime. According to a press release, the latest…

Wigwe: Access Bank Warns Customers Against Scammers Soliciting Financial Contributions

Wigwe: Access Bank Warns Customers Against Scammers Soliciting Financial Contributions

Tier 1 lender, Access Bank, has warned its customers against scammers that are using the name of its late Group Chief Executive Officer, Dr. Herbert Wigwe, to solicit financial contributions. Wigwe, his wife and son,…

Angola Committed To Fuel Subsidy Removal

Angola Committed To Fuel Subsidy Removal

Angola’s government has said that it is committed to completing its plan to remove all fuel subsidies, according to Reuters. However, the news agency said that the country’s finance minister, Vera Daves de Sousa, who…

IWD: Verve Card Distributes Free Food Items to Customers

IWD: Verve Card Distributes Free Food Items to Customers

Leading payment card and digital token brand, Verve, recently celebrated women by rewarding Verve card holders with free bags of rice and vegetable oil. In line with this year’s International Women’s Day (IWD) celebration, the…

FBNholdings Wins International Finance Awards

FBNholdings Wins International Finance Awards

Nigeria’s leading financial services group and holding company, FBN Holdings Plc, has won two International Finance magazine awards: “Best Stakeholders’ Communication – Finance – Nigeria 2023” and “Best Holding Group Chief Financial Officer (CFO) –…

All-Share Index Sustains Winning Streak, up 1.45%

All-Share Index Sustains Winning Streak, up 1.45%

The Lagos bourse sustained its winning streak yesterday as the benchmark index up 1.45 per cent to settle at 103,524.44 points. Interest in telco heavyweight, MTNN (+9.98%), alongside sustained interest in TRANSPOWER (+2.44%), and GTCO…