New License Strengthens Direct Bank Partnerships, Reducing Costs for the Nigerian Diaspora November 7, 2024/Africhange Africhange, a leading cross-border remittance service provider, announced today that its Nigerian subsidiary, Currenzo, has secured the International Money Transfer Operator [IMTO] licence from the Central Bank of Nigeria [CBN]. This strategic move significantly improves […]
Money Market
Mastercard Launches Pay Local to Empower Digital Wallet Providers with New Ways to Pay
With Mastercard Pay Local, digital wallet providers will gain access to more than 2 billion Mastercard cardholders, enabling card-based payments and providing more choice to residents and international travelers November 5, 2024/Mastercard Mastercard today launched Mastercard Pay Local, a global service that seamlessly connects consumers and merchants by allowing consumers […]
Coronation Fixed Income and Exchange Rate Update
October 30, 2024/Coronation Research Summary Market liquidity closed at negative N837.3bn on Friday (25 Oct ‘24). Call, overnight, and repo rates closed within the range of 6.63%—30.14% as rates moderated. Last week, the average NTB yield increased by +2bps to close at 24.2%. During the week, the CBN conducted a […]
