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Switzerland launches rate cuts for major Central Banks
The Swiss National Bank lowered interest rates on Thursday, becoming the first major central bank to do so after a prolonged…
FBN Holdings appoints five new Directors as Otedola takes over
With billionaire Femi Otedola as its new Chairman, First Bank of Nigeria Holdings Plc named two new non-executive directors for…
Turkey’s Central Bank hikes interest rate
Turkey's central bank hiked its benchmark interest rate on Thursday, resuming its strengthening cycle after one of the world's…
Reddit share sale values platform at $6.4bn
Reddit has set the price of its shares at the upper end of the marketed range, resulting in a valuation of the social media…
CBN clears $7bn forex backlogs
The Central Bank of Nigeria has declared that it has successfully resolved all valid foreign exchange backlogs, thereby reducing a…
Access Bank continues continental penetration, signs deal to acquire…
In yet another bold move to expand its frontiers continent wide, Access Bank Plc on Wednesday entered an agreement with the…
South Africa’s consumer inflation increases for second time in a row
February saw a rise in consumer inflation in South Africa for the second consecutive month, bringing it ever closer to the upper…
CBN lifts FX restrictions on importation of milk, dairy products
The Central Bank of Nigeria (CBN) has removed the limitations on the importation of milk and dairy products.
On February 11,…
British AI pioneer joins Microsoft
Microsoft has disclosed that Mustafa Suleyman, a pioneering figure in British Artificial Intelligence, will head its newly…
Naira increases to N1,580/$ in parallel market
The naira yesterday appreciated to N1,580 per dollar in the parallel market from N1,590 per dollar on Monday.
Likewise, the…