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Finance & Markets

FIIs turn buyers in IT, telecom stocks ahead of Diwali

Technology stocks in India are seeing increased interest from foreign institutional investors as Diwali approaches. After struggling in the first half of October, the IT and telecom sectors have gained attention. Foreign portfolio investors made significant net purchases of Indian equities in late October. This upward trend follows substantial selling earlier in the month. The shift highlights a…

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FCMB Calls for Investment in Local Data Infrastructure

Kayode Tokede First City Monument Bank (FCMB) has highlighted the need for investment in local data infrastructure and careful implementation of data localisation measures to protect customer…

  • FCMB advocates investment in local data infrastructure for secure digital banking
  • Chief Technology Officer Blessing Ehize stresses risk-based strategy and cybersecurity
  • Balance between innovation, cost efficiency, and regulatory compliance required

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