Culled—Proshare Sept 7, 2016/HSBC Global Research The naira has devalued by 30% and is set to cause near-term pain for an economy already facing stagflation We now see higher inflation, more rate hikes and a deep contraction in 2016 FX flexibility and other macro policy adjustments are needed to attract […]
Updates
Nigerian Equities Rally, Halts 3-Day Losing Streak, ASI Advance 0.07%
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities on Wednesday rallied to halt a three day losing streak, as the all share index (ASI) advanced the market 0.07 percent to close at 27,522.62 points. “Gains from today’s session trimmed the Month-to-Date and Year-to-Date losses to 0.28 percent and 3.91 percent respectively,” according to […]
Orange accelerates Mobile Financial Services in Africa, sets up the Orange Money Compliance Expertise Centre
Sept 7, 2016/Orange With the recent receipt of Electronic Money Establishment licenses (EME) in four countries (Senegal, Mali, Côte d’Ivoire and Guinea), Orange has further strengthened its position as a major player in the mobile financial services segment in Africa. This change of status is accompanied by the creation of […]
