Updates

Fed Announces Pricing, Effective January 1, 2025, for Payment Services the Federal Reserve Banks Provide to Banks and Credit Unions

November 22, 2024/US Federal Reserve The Federal Reserve Board on Friday announced pricing, effective January 1, 2025, for payment services the Federal Reserve Banks provide to banks and credit unions, such as the clearing of checks, automated clearing house (ACH) transactions, instant payments, and wholesale payment and settlement services. By […]

FAAC Disbursement Increased MoM to N1.4Trn in October 2024

November 22, 2024/FBNQuest Source: FGN The most recent communique released by the Federation Account Allocation Committee (FAAC) shows that the federation’s revenue disbursements to the three tiers of government amounted to about N1.4trn (US$835m) in October 2024 (from September 2024 revenue). November’s gross distribution represents an increase of +8.7% month-on-month […]

PepsiCo to Acquire Full Ownership of Sabra and Obela

Enables PepsiCo to Accelerate Innovation in Refrigerated Fresh Dips and Spreads to Meet Growing Consumer Demand Further Expands Company’s Positive Choice Portfolio November 22, 2024/PepsiCo PepsiCo, Inc. (NASDAQ: PEP) today announced its agreement to acquire the remaining 50% interest in Sabra Dipping Company, LLC (Sabra) and PepsiCo-Strauss Fresh Dips & […]