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Skye Bank, MoneyGram Boost Money Transfer Services

Skye Bank, MoneyGram Boost Money Transfer Services

    Skye Bank Plc says it will continue to collaborate with Money Gram to enhance money transfer services in the country. According to a statement by the lender, three lucky customers of Skye Bank have emerged as winners in the on-going ‘’Receive n Win Promo.” The winners, which include Oladele Femi, Babatunde Sodiq and […]

MasterCard Introduces New Digital Platform

MasterCard Introduces New Digital Platform

MasterCard, global technology company with presence in Nigeria, on Tuesday, launched a digital platform that connects smallholder farmers, agents, buyers and banks in East Africa. Tagged, ‘2KUZE’ which in Swahili means “Let’s grow together,” the platform enables farmers to buy, sell and receive payments for agricultural goods via their feature phones. According to a statement […]

National Assembly Takes Steps On Improving Ease of Doing Business in Nigeria – ProShare

National Assembly Takes Steps On Improving Ease of Doing Business in Nigeria – ProShare

JANUARY 19, 2017    The World Bank 2017 report on Doing Business, covering 190 countries revealed that in Africa Mauritius(49), Rwanda(56), Morocco(68), Botswana(71) and South Africa (74) where the top countries with on the “Ease of Doing Business”. Nigeria is not doing well in this space as it currently ranks 169 out of the 190 […]

African Markets – Factors To Watch In 2017

NAIROBI, Jan 2 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – GLOBAL MARKETS The dollar, oil and U.S. stocks slipped on Friday in thin pre-holiday trading on the last trading day of 2016, but ended […]

FBN Capital Earns Global Award

FBN Capital Earns Global Award

FBN Capital Limited, the investment banking and asset management subsidiary of FBN Holdings Plc, has been awarded the ‘Best Local Investment Bank in Nigeria’ and the ‘Best Asset Manager in Nigeria’ at the ninth  EMEA Finance African Banking Awards 2016. The awards, which were received on behalf of the firm by  the Deputy Director, Advisory […]

November 16 – Factors To Watch On African Markets

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – GLOBAL MARKETS A pause in both the sell-off in global bonds and sharp rise in the dollar following Donald Trump’s election victory, together with Wall Street’s record high overnight […]

November 4 – Factors To Watch In African Markets

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – EVENTS: * MALAWI – releases new interest rates this week. GLOBAL MARKETS Asian shares slipped on Friday and the dollar nursed losses in a week marked by growing uncertainty […]

To Meet IMF Demand, Egypt Devalues Its Currency By 48%

To Meet IMF Demand, Egypt Devalues Its Currency By 48%

Egypt has devalued its currency by 48 percent, to meet a key demand set by the International Monetary Fund in exchange for a $12 billion loan over three years to overhaul the country’s ailing economy. Thursday’s much heralded decision by the Egyptian Central Bank to devalue the pound followed a sharp and sudden decline this […]

African Development Bank Supports Nigeria’s Budget With $600m

African Development Bank Supports Nigeria’s Budget With $600m

The African Development Bank’s board approved a $600 million loan for Nigeria on Wednesday aimed at helping Africa’s largest economy plug its budget deficit as it grapples with its first recession in more than 20 years, a senior bank official said. The loan is the first tranche of a total $1 billion budget support package. […]

Afreximbank Set To Fight Illicit Flow Of $50bn

Afreximbank Set To Fight Illicit Flow Of $50bn

African Export-Import Bank (Afreximbank) has said it would soon unveil an online tracking scheme that would help to fight the perennial illicit financial flows in the continent now estimated at $50 billion yearly. Tagged: “African Customer Due Diligence Repository Platform”, the regional trade bank said the initiative would provide a centralised source of primary data […]

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