Post: Nigeria: The Central Bank introduces a new electronic system to improve the foreign exchange market

The Central Bank of Nigeria (CBN) has announced the launch of the Electronic Foreign Exchange Matching System (EFEMS) to enhance transparency in the foreign exchange market, with a planned implementation date of December 1. This system will allow licensed brokers to conduct transactions in real-time. As the Nigerian currency has fallen by more than 60% in 2024, the CBN hopes to reduce speculation and improve its regulation. Brokers are called upon to adhere to the rules and prepare before the system goes live.Source: Africa News Agency

Jetex Announces Opening in Sofia

Jetex Sofia is anticipated to welcome its first guests in Q4 2026. Dubai, Aug. 24, 2026 (GLOBE NEWSWIRE) — Jetex, the world’s leading luxury lifestyle brand, and SOF Connect have signed an agreement to develop and operate a VIP lounge at Vasil Levski Sofia Airport, the main international airport of Bulgaria and the sixth-largest international […]

SOUEAST Showcases S08 DM at Egypt’s North Coast Roadshow

ALAMEIN, Egypt, Aug. 14, 2026 (GLOBE NEWSWIRE) — Stretching from the vibrant Seashell North Coast to the exclusive Mountain View Ras El Hekma, Egypt’s North Coast is known as the “Pearl of the Mediterranean,” attracting visitors from around the world. As SOUEAST celebrates its first anniversary in the Egyptian market, the brand has kicked off […]

SOUEAST Showcases S08 DM at Egypt’s North Coast Roadshow

ALAMEIN, Egypt, Aug. 14, 2026 (GLOBE NEWSWIRE) — Stretching from the vibrant Seashell North Coast to the exclusive Mountain View Ras El Hekma, Egypt’s North Coast is known as the “Pearl of the Mediterranean,” attracting visitors from around the world. As SOUEAST celebrates its first anniversary in the Egyptian market, the brand has kicked off […]