Tony Chukwunyem
The Central Bank of Nigeria’s (CBN) current tight monetary policy must be complemented by fiscal policy to avoid creating a recessionary environment in the country, the Managing Director/ Chief Executive Officer, Financial Derivatives Company (FDC),…
New Telegraph
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,…
New Telegraph
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…
New Telegraph
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…
Tony Chukwunyem
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…
New Telegraph
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,…
Tony Chukwunyem
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…
Tony Chukwunyem
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…
New Telegraph
The naira depreciated on the official market on Wednesday, closing at N1,669.15/$1 compared to N1,541.94/$1 on Monday, data from FMDQ shows. The local currency also weakened on the parallel market yesterday, as it fell to…
New Telegraph
FirstBank has sponsored Women in Mining, Edo state chapter, to the Gold and Gemstone Conference for the second consecutive year. According to a press release, the five-day event, which held from September 24 to 28…
