January 2, 2017/Punch Anna Okon The Managing Director, Lacasera Company, Mr. Roland Ebelt, said that at the deepest point of the naira depreciation when the currency traded at 500 to a dollar, local beverage firms were very concerned about losing the market. At that point, he acknowledged that the purchasing […]

Culled—Proshare December 29, 2017/FBNQuest Research  The CBN’s balance-of-payments data for Q3 2017 show a continuation of the upward trend in workers’ remittances/transfers since the fx reforms earlier this year. We suspect that the principal drivers of remittances through recorded channels are the ease and cost of transactions.  The World Bank […]

December 26, 2017/ICD The Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-ps.org) and the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) signed a Line of financing agreement for a USD 100-million facility. The USD 100-million line of financing facility will be utilized by Afreximbank to provide Shariah-compliant financing to […]