December 30, 2022/Mediacraft Interswitch, Africa’s leading integrated payments and digital commerce company, has further deepened its expansion beyond the shores of Nigeria with organization of its first breakfast session in Sierra Leone. The launch is coming as a result of the technology giant’s focus on boosting the continent’s digital payments […]
Money Market
Naira Weakens at the IEFX Window against USD by -1.06% to N461.33
December 28, 2022/FSDH Research The Nigerian equity market closed on a positive note today as All Share Index increased by 0.46 percent to close at 49,934.60. The market cap of equities listed on the NGX increased to ₦27.198 trillion from ₦27.074 trillion as on the previous close. The total volume […]
Challenging Outlook for Emerging Market Banks in 2023
December 26, 2022/Fitch Ratings A difficult macro environment will continue to create challenges for emerging-market (EM) banks in 2023, says Fitch Ratings in three newly published reference reports on the sector. Slower economic growth, high inflation and weaker currencies will impair some borrowers’ repayment capacity, and pressure banks’ asset quality. […]
