US companies swap dollar bonds into euros to lower funding costs
U.S. companies with international operations are increasingly using cross-currency swaps to convert their dollar debt into euros, helping reduce their…
Day: February 20, 2025
CBN Is Likely to Retain Interest Rates Amid Economic Concerns – Coleman Wires CEO
Ahead of the next meeting of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), industry stakeholders are projecting…
Trump Labels Zelensky a “Dictator” as Tensions Rise Between US and Ukraine
Donald Trump has escalated his feud with Ukrainian President Volodymyr Zelensky, calling him a “dictator” and accusing him of playing…
Cloud Expo 2025 Set to Boost Africa’s $180bn Digital Economy
The IoT West Africa and Data Centre Cloud Expo 2025, co-located with Power and Water Nigeria, is set to be…
CBN Mandates Banks to Publish Details of Dormant Accounts and Unclaimed Funds
In a notable shift in policy, the Central Bank of Nigeria (CBN) has directed banks and financial institutions to publicly…
European Stocks Mixed as Schneider Electric’s Strong Profit Boosts Market Sentiment
European stock markets were mixed on Thursday morning, following a flurry of earnings releases across the continent. The Stoxx 600…
CSCS Launches Upgraded RegConnect Version 2 to Improve Data Exchange for Registrars
The Central Securities Clearing System Plc (CSCS) has unveiled an enhanced version of its web-based application designed to streamline operations…
Naira Appreciates to N1,535 per Dollar in Black Market Amid Improved Liquidity
The naira has gained value in the parallel (black) market, reaching N1,535 per dollar, driven by a reduction in demand…
Senate to Hold Public Hearing on Tax Reform Bills February 24-25
The Nigerian Senate is set to hold a two-day public hearing on the four tax reform bills presented by President…
The Urgent Need for Homegrown Venture Capital in Ghana’s Startup Ecosystem
For years, Ghana’s startup ecosystem, like many African nations, has thrived with the help of foreign donors such as USAID,…
Rural Banks in Ghana Embrace GhanaPay to Stay Competitive
Rural banks in Ghana are increasingly adopting the GhanaPay platform developed by the Ghana Interbank Payment and Settlement Systems (GhIPSS)…
Fed Concerns Over Trump’s Policies Contributing to Inflation Risks, Minutes Show
At a meeting held a week after President Donald Trump’s inauguration, Federal Reserve officials expressed concerns that his proposed policies,…
China Maintains Benchmark Lending Rates Amid Economic Uncertainties
China’s central bank, the People’s Bank of China (PBOC), decided to leave its benchmark lending rates unchanged in February, reflecting…
Wealth Soars by N505 Billion Amid Gains in BUA Foods, Eterna, and Others
The Nigerian Exchange Limited (NGX) closed on a positive note yesterday, reversing previous losses, thanks to strong performances from prominent…
Nigerian Researcher Develops AI-Powered ESG Model to Enhance Corporate Sustainability
Feyisayo Michael, a Nigerian-born Chartered Accountant and AI sustainability expert, has unveiled an innovative AI-powered carbon accounting model designed to…