“We trust the economy, yet not enough to tighten monetary policy” this was the message sent by Chair Janet Yellen to markets on Wednesday to explain...
IFC, a member of the World Bank Group, will lend $25 million to support the expansion and modernization of Promasidor Nigeria Limited (PNL), a leading Nigerian...
Oracle announced that MoneyGram International Inc., the second-largest money transfer company in the world with $1.45 billion in annual revenue, has implemented Oracle HCM Cloudto overhaul...
HomeSend and the Commercial Bank of Ethiopia (CBE) have announced a new remittance service at the US-Africa Business Forum, that will allow more than 100 million...
Interest rate cuts alone will not help to pull Nigeria out of a recession amidst rising inflation, the Central Bank of Nigeria said yesterday. On Tuesday,...
Last year, the number of card transactions grew nearly twice as fast as the number of new cards, at 15 and 9 percent, respectively, according to...
A strong feeling of anxiety engulfed the financial markets on Wednesday as investors awaited the heavily anticipated Fed and BoJ central bank policy meeting decisions which...
Mr. Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has blamed Lamido Sanusi and Professor Chukwuma Soludo- his predecessors for the current foreign exchange...
A major scandal has hit the new foreign exchange policy of the Central Bank of Nigeria (CBN) as it is now riddled with sharp practices....
Emmanuel Okoegwale, Principal Associate, Mobilemoney Africa, has urged Central Bank of Nigeria and licensed mobile money operators in the country to move away from mobile money...