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Bank Hosts NSACC September Breakfast Session

Bank Hosts NSACC September Breakfast Session

Stanbic IBTC has said that it recently hosted the Nigeria South Africa Chamber of Commerce September Breakfast Session, as part of its efforts to champion sustainable energy solutions across the continent. According to a press…

Sterling Bank Emerges Leading MSMEs Supporter At 2024 Finance Awards

Sterling Bank Emerges Leading MSMEs Supporter At 2024 Finance Awards

Sterling Bank has been honored with the prestigious MSME Bank of the Year award at the 2024 MSME Finance Awards. The event, organised by Nairametrics and The Economic Forum Series, which took place in Lagos,…

FDC: Fuel Price Hike, Others Will Push Up October Inflation

FDC: Fuel Price Hike, Others Will Push Up October Inflation

Citing the recent fuel price hike, the effects of the new minimum wage as well as sticky core inflation, analysts at Financial Derivatives Company (FDC) have said that they expect an increase in October inflation.…

World Bank, Accel, TCV, Join Zepz’s $267m Raise

World Bank, Accel, TCV, Join Zepz’s $267m Raise

Zepz, the money transfer service formerly known as WorldRemit, has raised $267 million from new and existing investors to fund expansion in its core African markets and beyond. According to Bloomberg, Venture capital firm Accel,…

Shettima Lauds DBN For Initiatives To Boost MSMEs

Shettima Lauds DBN For Initiatives To Boost MSMEs

The Vice President, Kashim Shettima, has commended the Development Bank of Nigeria Plc (DBN) for its numerous initiatives aimed at catalysing the growth of the country’s Micro, Small and Medium Enterprises (MSMEs). In his goodwill…

Interswitch, Thales Launch Ciphertrust Data Security Solution

Interswitch, Thales Launch Ciphertrust Data Security Solution

Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has partnered with Thales, a global leader in digital and data security solutions, to launch CipherTrust Data Security Solution, an advanced data security solution…

FBNQuest To FG: Improve Food Security To Curb Inflation

FBNQuest To FG: Improve Food Security To Curb Inflation

FBNQuest Research has harped on the need for the Federal Government to step up its efforts to bolster food security as this, according to the firm, is critical to reducing the country’s high inflation. The…

Report: Nigerian Firms Cut Dollar Debts On Naira’s Weakness

Report: Nigerian Firms Cut Dollar Debts On Naira’s Weakness

The naira struck a fresh low against the dollar in the last two as businesses in Nigeria sought to reduce their exposure to the US currency amid expectations the local unit will continue to suffer,…

…Introduces Electronic Forex Matching System In NFEM

…Introduces Electronic Forex Matching System In NFEM

The Central Bank of Nigeria (CBN) on Thursday announced that it has introduced the Electronic Foreign Exchange Matching System (EFEMS) for forex transactions in the Nigerian Foreign Exchange Market (NFEM). A circular signed by the…

CBN: PMI Rises To 50.5 In September

CBN: PMI Rises To 50.5 In September

The country’s Purchasing Managers’ Index (PMI) rose to 50.5 index points in September 2024 from 50.2 index points in the August, indicating an expansion in economic activities for the second consecutive month, the Central Bank…