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Pan-Atlantic University Alumni Association inaugurates new executives

Pan-Atlantic University Alumni Association inaugurates new executives

The Pan-Atlantic University Alumni Association (PAUAA) has inaugurated a new set of Executive members to drive the next phase of growth of the group, recognised as one of Nigeria’s most prestigious university post-graduation association. According…

Report: FX backlog, low liquidity may stall CBN’s reform

Report: FX backlog, low liquidity may stall CBN’s reform

Nigeria’s second currency devaluation in less than a year and new forex rules suggest the country’s central bank is gearing up to let the naira float freely, but a huge backlog of orders for dollars…

‘Banks’ll continue to benefit from high interest rate environment’

‘Banks’ll continue to benefit from high interest rate environment’

With the Central Bank of Nigeria (CBN) expected to maintain a tight monetary stance this year as part of its efforts to address inflationary pressure and demand pressure on the naira, FBNQuest Research has said…

United Capital: MPR’ll hit 20% in early 2024

United Capital: MPR’ll hit 20% in early 2024

Citing persistent inflation, occasioned by the continued depreciation of the naira, Pan-African investment banking and financial services group, United Capital Plc has predicted that the Central Bank of Nigeria (CBN) will raise its benchmark interest…

FAO: World food price index falls near 3-year lows in January

FAO: World food price index falls near 3-year lows in January

The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 118.0 points in January, down from 119.1 the previous month, the agency said on Friday. The January reading…

Fitch Solutions: BoG to cut policy rate to 28% in March

Fitch Solutions: BoG to cut policy rate to 28% in March

The Bank of Ghana (BoG) will cut the policy rate by another 100 basis points to 28.00 per cent at its next Monetary Policy Committee meeting in March 2024, Fitch Solutions has predicted. The agency…

Afreximbank, IFC, partner to host Africa energy transition seminar

Afreximbank, IFC, partner to host Africa energy transition seminar

As Africa continues to take steps to ensure that it reaps the full benefits of the drive for energy transition, the African Export-Import Bank (Afreximbank), the International Finance Corporation ( IFC) and the legal firm…

IMF boss backs Fed’s stance on interest rate cuts

IMF boss backs Fed’s stance on interest rate cuts

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has said she anticipates that the Federal Reserve would begin to cut U.S. interest rates in “a matter of months” but cautioned that there…

AfDB, Attijariwafa Bank Europe seal €100m deal to boost African trade

AfDB, Attijariwafa Bank Europe seal €100m deal to boost African trade

The African Development Bank (AfDB) and Attijariwafa bank Europe, European subsidiary of the Attijariwafa bank group, have signed a €100 million risk-sharing agreement to strengthen businesses and trade across Africa. According to a press release,…

PPP: TAJBank, NIPOST partner on socio-economic benefits

PPP: TAJBank, NIPOST partner on socio-economic benefits

Nigeria’s fastest growing non-interest banking services provider, TAJBank Limited and the Nigerian Postal Service (NIPOST) have formalised a new Public-Private Partnership (PPP) initiative with a view to working together for their mutual and the country’s…