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Published on 10:32 GMT

Naira Depreciates As Foreign Exchange Inflows Reach $871 Million

The Nigerian naira weakened against the US dollar on Tuesday in the foreign exchange (FX) market due to a slight shortage of dollars available for trade. According to data from FMDQ, which tracks official exchange rates, the naira fell by 0.22%, closing at …

Source: Biz Watch Nigeria - Uncategorized
Published on 07:18 GMT

Top 10 African countries with the best access to foreign exchange

Access to foreign exchange is a critical component of financial market stability, influencing trade, investment, and overall economic growth. But in Africa, many countries have had a tough time securing enough foreign currency due to factors like economic …

Source: Business Insider Africa - Neutral
Published on 06:50 GMT

BOK Chief: Foreign Exchange Market Took Biggest Hit from Martial Law Incident

Photo : YONHAP News Bank of Korea(BOK) Gov. Rhee Chang-yong has said the foreign exchange market took the biggest hit when looking at early economic impacts from the December 3 martial law incident. Rhee made the statement Tuesday before a special …

Source: KBS World - Label Pending
Published on 02:32 GMT

Foreign Exchange Reserves Hit Lowest Point since 2020

Photo : YONHAP News South Korea’s foreign reserves decreased by over four-and-a-half billion U.S. dollars in January, amid the appreciation of the dollar. According to the Bank of Korea(BOK) on Wednesday, the nation’s foreign currency reserves stood at 411 …

Source: KBS World - Label Pending
Published on 08:58 GMT

Robotic Wheelchair Market Enhancing Mobility Through Advanced Robotics Market | Exactitude Consultancy

Robotic Wheelchair: Aging population and rising need for advanced mobility solutions propel market growth CALIFORNIA, CA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- "Powering Your Success with Comprehensive Market Insights" …

Distribution channels: Business & Economy, Healthcare & Pharmaceuticals Industry ...
Published on 05:25 GMT

CBN shifts deadline for BDCs to access FX market

The Central Bank of Nigeria (CBN) has granted eligible Bureau de Change (BDC) operators more time to access the Nigerian Autonomous Foreign Exchange Market (NAFEM) for foreign exchange (FX). Initially, the CBN had granted BDC operators temporary access to …

Source: Blueprint Newspapers Limited - Label Pending
Published on 14:58 GMT

CBN Extends FX Sales to May 2025, Boosting Market Stability

The Central Bank of Nigeria (CBN)’s recent decision to extend the Foreign Exchange (FX) sale period until May 30, 2025, has garnered positive reactions from the Association of Bureau de Change Operators of Nigeria (ABCON). Dr. Aminu Gwadabe, President of …

Source: The News Chronicle - Neutral
Published on 12:14 GMT

FX drags Veritas Kapital’s earnings to 10-year low

Veritas Kapital Assurance’s earnings took a hit in 2024 with its profit after tax plunging to N73 million from N2.75 billion in 2023 – the lowest in at least 10 years – due to foreign exchange risks. Despite a robust 224.7 percent increase in gross written …

Source: Business Day - Neutral
Published on 12:13 GMT

Pharmaceuticals incur FX losses on naira depreciation

The persistent depreciation of Nigeria’s naira has significantly impacted the pharmaceutical industry, with three listed firms reporting a combined foreign exchange loss of N7.86 billion in 2024. This development underscores the challenges faced by …

Source: Business Day - Neutral
Published on 06:02 GMT

BoG releases $20M to oil distributors in latest forex auction

Previous article: Public-Private Partnerships and financing options for sustainable development: Participants share thoughts on way forward Back to: Prev Next article: Make this one resolution and you will have a great life Next Featured Business Desk …

Source: Graphic - Label Pending
Published on 10:20 GMT

Naira Holds Steady in FX Market as CBN Boosts Dollar Supply to BDCs

The Nigerian naira remained stable across all foreign exchange (FX) markets on Tuesday, buoyed by increased dollar liquidity following the Central Bank of Nigeria’s (CBN) decision to extend dollar access to Bureau De Change (BDC) operators. This move is …

Source: The News Chronicle - Neutral
Published on 06:19 GMT

Nigeria’s central bank extends forex purchase deadline for BDCs to May 30

The Central Bank of Nigeria has extended the deadline for Bureau de Change (BDC) operators to purchase foreign exchange (FX) from the Nigerian Foreign Exchange Market (NFEM) to May 30, 2025. The CBN had in December 2024 granted BDCs temporary permission …

Source: Techpoint Africa - Neutral
Published on 08:59 GMT

Naira crumbles as CBN extends FX sales deadline

The Naira depreciated at the official market on Monday, trading at N1,495.60 to a dollar. Data from the FMDQ Security Exchange official forex trading platform revealed that the Naira lost N20.82. This represents a 1.4 per cent loss when compared to the …

Source: Zawya - Uncategorized
Published on 08:30 GMT

Naira closes flat across FX market as CBN extends dollar access to BDCs

The naira on Tuesday closed flat across foreign exchange (FX) markets following reduced demand and improved liquidity as the Central Bank of Nigeria (CBN) extended dollar access to the Bureau De Change (BDC) operators. After trading on Tuesday, the naira …

Source: Business Day - Neutral
Published on 09:33 GMT

CBN’s FX sale extension to May 30 demonstrates commitment to stabilizing the market – BDC operators

The Association of Bureau de Change Operators of Nigeria (ABCON) has reacted to the news of the Central Bank of Nigeria (CBN) extending the Foreign Exchange (FX) sale period to May 30. ABCON President, Dr. Aminu Gwadabe, said the move demonstrates the CBN’ …

Source: Nairametrics - Neutral
Published on 11:22 GMT

Trade Tensions to 'Trump' Forex Seasonality This Month?

February Forex Seasonality Key Points Most major currency pairs have seen quieter moves in February on average since 1971. The budding trade war and developments on the tariff front could well outweigh the modest historical seasonal tendencies in February. …

Source: Investing - Neutral
Published on 07:29 GMT

Naira Crashes to N1,495/$1 at Official Market, N1,610/$1 at Black Market

By Adedapo Adesanya The Naira witnessed a decline of 1.4 per cent or N20.82 on the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, February 3, closing at N1,495.60/$1 compared with last Friday’s closing price of N1,474. …

Source: BusinessPost Nigeria - Uncategorized
Published on 10:32 GMT

CBN Extends FX Sales To May 30 To Strengthen Market Stability – BDC Operators

The Central Bank of Nigeria (CBN) extends the Foreign Exchange (FX) sales period for Bureau de Change (BDC) operators to May 30, a move the Association of Bureau de Change Operators of Nigeria (ABCON) describes as a commitment to market stability and …

Source: Biz Watch Nigeria - Uncategorized
Published on 13:16 GMT

South Africa warned against the use of Bitcoin as strategic reserve currency

The Chair of South Africa’s Democratic Alliance Federal Chair, Helen Zille has warned the country’s government against the use of Bitcoin as a strategic reserve currency. This comes amidst a recent wave of countries adopting cryptocurrency as a national …

Source: Technext - Neutral

05 days 12:15:35

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Published on February 5, 2025 - 08:58 GMT

Robotic Wheelchair Market Enhancing Mobility Through Advanced Robotics Market | Exactitude Consultancy

Robotic Wheelchair: Aging population and rising need for advanced mobility solutions propel market growth CALIFORNIA, CA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- "Powering Your Success with Comprehensive Market Insights" …

Distribution channels: Business & Economy, Healthcare & Pharmaceuticals Industry ...
Published on February 5, 2025 - 08:58 GMT

Cloud System Management Market Optimizing Resources for Digital Transformation Market | Exactitude Consultancy

Cloud System Management: Increasing reliance on cloud computing and hybrid IT infrastructures boosts demand CALIFORNIA, CA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- "Powering Your Success with Comprehensive Market Insights…

Distribution channels: Business & Economy, IT Industry ...

Published on February 5, 2025 - 08:57 GMT

Communications Interface Market Bridging Devices for Industry 4.0 Growth Market | Exactitude Consultancy

Communications Interface: Rising need for seamless connectivity in smart devices and industrial automation drives demand CALIFORNIA, CA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- "Powering Your Success with Comprehensive Market …

Distribution channels: Business & Economy, IT Industry ...
Published on February 5, 2025 - 08:58 GMT

Artificial Intelligence of Things Market Revolutionizing Smart Device Interactions Market | Exactitude Consultancy

Artificial Intelligence Of Things: Growing adoption of AI-integrated IoT for smart homes, cities, and industrial automation CALIFORNIA, CA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- "Powering Your Success with Comprehensive …

Distribution channels: Business & Economy, IT Industry ...

Published on February 5, 2025 - 11:49 GMT

Acuity Trading Partners with Aquariux FintechQX to Transform Forex Trading

LONDON, UNITED KINGDOM, February 5, 2025 /⁨EINPresswire.com⁩/ -- Acuity Trading, a global leader in market sentiment analysis, has partnered with Aquariux Fintech’s AQX Trader, an innovative fintech software solutions company. This collaboration …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on February 5, 2025 - 09:00 GMT

Social and Emotional Learning (SEL): Emphasis on emotional intelligence in education and workplaces drives adoption

Social and Emotional Learning SEL Market Fostering Resilience in Education Systems Market | Exactitude Consultancy CALIFORNIA, CA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- "Powering Your Success with Comprehensive Market …

Distribution channels: Business & Economy, IT Industry ...
Published on February 5, 2025 - 12:00 GMT

Dayforce Reports Fourth Quarter and Full Year 2024 Results1

Dayforce® recurring revenue of $347.9 million, up 19% year-over-year in the fourth quarter Total revenue of $465.2 million, up 16% year-over-year in the fourth quarter Full year 2024 net cash provided by operating activities of $281.1 million, up 28% …

Distribution channels: Business & Economy, Technology ...
Published on February 5, 2025 - 13:00 GMT

ITW Reports Fourth Quarter and Full Year 2024 Results

Fourth Quarter 2024 Highlights Revenue of $3.9 billion, a decrease of 1.3% as organic growth declined 0.5%; Organic growth of 0.4% turned positive excluding Product Line Simplification (PLS) reduction of 0.9% Record operating margin of 26.2%, an increase …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

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Published on February 5, 2025 - 15:30 GMT

Seasats Secures Funding to Accelerate Growth of Autonomous Maritime Solutions

SAN DIEGO, CA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Seasats, the San Diego-based innovator in autonomous surface vehicles (ASVs), has successfully closed a $10 million strategic funding round led by Shield Capital (SHIELD), a …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on February 5, 2025 - 15:06 GMT

Etech Recognized as Core Performing Provider on the CMP Research Prism for Customer Analytics

NACOGDOCHES, TX, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Etech Global Services is proud to be recognized on CMP Research Prism, an industry-leading technology assessment framework developed by CMP Research, a division of Customer …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on February 5, 2025 - 15:00 GMT

CPO of My Future Purpose Speaks on Programming and Advertising for an Aging Audience

Today, the median age is 38.5, the median age of television viewers is 64.6. This illustrates a shift in audience demographics for TV networks and cable WESTON, CT, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Traditional television is …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on February 5, 2025 - 15:00 GMT

MiaRec Makes Data Redaction Smarter and Simpler with Crucial Upgrades

CAMPBELL, CA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- MiaRec, a leader in Automated Quality Management and Conversation Intelligence solutions, is proud to announce a major upgrade to its Auto Data Redaction tool. Now powered by …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on February 5, 2025 - 14:17 GMT

Empowering Oregon Enterprises: IBN Technologies Delivers Advanced Accounting Financial Reporting Solutions for Growth

Expert solutions for accounting financial reporting in Oregon, ensuring compliance and enhancing operational efficiency. MIAMI, FL, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Miami, Florida, February 5, 2025 - Oregon businesses are …

Distribution channels: Banking, Finance & Investment Industry ...
Published on February 5, 2025 - 14:17 GMT

Oregon’s Industrial Companies Are Quickly Adopting Financial Accounting Outsourcing for Competitive Advantage

Oregon's industrial sector turns to financial accounting outsourcing services for efficiency, growth, and competitive advantage. MIAMI, FL, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Miami, Florida, February 5, 2025 - Oregon’s …

Distribution channels: Banking, Finance & Investment Industry ...
Published on February 5, 2025 - 14:15 GMT

UCC Networks to Debut All-in-One Collaboration Platform

UCC Networks will soon unveil its new collaboration platform, allowing businesses to connect with talk, text, chat, fax, and AI-powered services. ORANGE, CA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- UCC Networks, a leader in modern …

Distribution channels: Banking, Finance & Investment Industry, IT Industry ...
Published on February 5, 2025 - 14:00 GMT

Alaska Airlines Extends Partnership with Volantio Through 2035

The airline will continue offering innovative travel flexibility through Volantio’s Re-Commerce Platform. ATLANTA, GA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Volantio Inc. (“Volantio”), a leader in AI-driven revenue and capacity …

Distribution channels: Aviation & Aerospace Industry, Banking, Finance & Investment Industry ...
Published on February 5, 2025 - 14:00 GMT

Verse.ai certified SOC 2 Type II compliant, maintaining high data security standards

Committed to compliance and data integrity, Verse.ai has been certified as SOC 2 Type II and SOC 3 compliant, meeting trust services criteria for data security. SAN DIEGO, CA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Verse.ai, an AI …

Distribution channels: Banking, Finance & Investment Industry, Insurance Industry ...
Published on February 5, 2025 - 14:00 GMT

Glendale Area Schools Credit Union Is Now Live with Aptys’ Real-Time Payments via FedNow® Service

Aptys revolutionizes payments with open APIs and leading-edge development toolkit, seamlessly integrating with any core or digital banking platform PLANO, TX 75204-7198, TX, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Aptys Solutions, …

Distribution channels: Banking, Finance & Investment Industry, Companies ...
Published on February 5, 2025 - 14:00 GMT

Morae Highlights Valued Achievements of Newly Promoted Team Members

Five Senior Directors and two Managing Directors recognized for exceptional leadership, dedication, and innovation at Morae. HOUSTON, TX, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Morae Global Corporation (“Morae”), the global leader …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on February 5, 2025 - 13:00 GMT

V Digital Services Launches New YouTube TV and YouTube Select Advertising Solutions

PHOENIX, AZ, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- V Digital Services, a leader in digital marketing solutions and innovation, is proud to announce the launch of YouTube TV and YouTube Select advertising solutions, marking a …

Distribution channels: Banking, Finance & Investment Industry, Building & Construction Industry ...
Published on February 5, 2025 - 13:00 GMT

SENTRIQS Adds Utility Industry Veteran to Board of Directors

SAVANNAH, GA, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- SENTRIQS, a leading provider of ultra-secure collaboration and cryptography solutions, today announced that former Exelon EVP and COO Bridget Reidy has joined its Board of …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...
Published on February 5, 2025 - 12:53 GMT

Florida Small Businesses Embrace Outsourcing Accounting Services for Growth and Stability

Outsourcing accounting services for small businesses in Florida is helping owners reduce costs, stay compliant, and drive growth. MIAMI, FL, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Miami, Florida, February 5, 2025 – As Florida’s …

Distribution channels: Banking, Finance & Investment Industry ...
Published on February 5, 2025 - 12:30 GMT

Verti CRE Expands Expertise with the Addition of Zeke Liston

COLUMBUS, OH, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Verti Commercial Real Estate, the brokerage rewriting the rules of the real estate game, proudly welcomes Zeke Liston to it's elite team of brokers. With six years of …

Distribution channels: Banking, Finance & Investment Industry, Building & Construction Industry ...
Published on February 5, 2025 - 12:18 GMT

New York Businesses Boost Financial Stability with Outsourced Accounting Companies

Outsourced accounting companies in New York help businesses streamline finances, ensure compliance, and drive cost savings. MIAMI, FL, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Miami, Florida, February 5, 2025 – As financial …

Distribution channels: Banking, Finance & Investment Industry ...
Published on February 5, 2025 - 12:16 GMT

Outsourced Bookkeeping and Accounting Services Revolutionize Florida Business Operations

Florida businesses turn to outsourced bookkeeping for efficiency, cost savings, and compliance with expert financial solutions. MIAMI, FL, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Miami, Florida – February 5, 2025 – Florida …

Distribution channels: Banking, Finance & Investment Industry ...
Published on February 5, 2025 - 12:14 GMT

Washington Businesses Embrace Outsourced Bookkeeping Services to Streamline Finances and Drive Growth in 2025

Washington businesses are adopting outsourced bookkeeping to streamline finances, enhance growth, and ensure compliance. MIAMI, FL, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Miami, Florida, February 5, 2025 - As businesses in …

Distribution channels: Banking, Finance & Investment Industry ...
Published on February 5, 2025 - 12:12 GMT

Buy Now Pay Later Market Boost Finance Sector By USD 115 billion by 2032, CAGR of 25.3%

Regionally, North America led the BNPL market in 2022, with a share exceeding 32% and generating revenues of around USD 4.6 billion... NEW YORK, NY, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- The global Buy Now Pay Later (BNPL) market …

Distribution channels: Banking, Finance & Investment Industry ...
Published on February 5, 2025 - 12:03 GMT

Outsourced Bookkeeping and Accounting Services Drive Growth for New Jersey Businesses

New Jersey businesses embrace outsourced bookkeeping to improve efficiency, ensure compliance, and drive long-term success. MIAMI, FL, UNITED STATES, February 5, 2025 /⁨EINPresswire.com⁩/ -- Miami, Florida – February 5, 2025 – Amid rising …

Distribution channels: Banking, Finance & Investment Industry ...