Centage

Nigerian banking experts are discussing why commercial banks must hold a percentage of customer deposits with the Central Bank of Nigeria. The reserve requirement is a core monetary policy tool, helping the central bank control liquidity, manage inflation and safeguard the banking system. Commentators are weighing the policy's impact on banks' lending capacity and the wider economy.

New research indicates that smartwatches become less reliable at estimating calories burned as a user's body fat percentage rises. The finding suggests wearables may systematically misjudge energy expenditure for people with higher body fat, raising questions about how much trust users should place in fitness trackers when managing diet and exercise goals.

Centage has announced the launch of an 'FP&A as a Service' offering aimed at mid-market finance teams, according to a press release. The product is designed to give smaller finance departments access to financial planning and analysis capabilities. Details on pricing, features and customer reception have not yet been widely reported.