Latest news with #NAFEM
Zawya
25-03-2025
- Business
- Zawya
Nigeria: Naira gains at official market, weakens at parallel market
The Nigerian naira strengthened at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, closing at N1,531.19 per dollar, an improvement from N1,536.89/$ recorded on Friday. This marginal appreciation comes after a week of struggle, where the currency depreciated by 1.25 percent to settle at N1,536.89/$ on Friday. However, in the parallel market, the naira weakened to N1,570 per dollar, compared to N1,568/$ at the end of last week. This marks a reversal from last week's N12 gain against the dollar, when the currency appreciated by 0.77 percent week-on-week, closing at N1,568/$ on average. The continued volatility in the foreign exchange market has raised concerns among financial analysts and industry stakeholders. The Association of Bureau De Change Operators of Nigeria (ABCON) expressed concern over the naira's instability, stating that the currency has become one of the most unpredictable in the world. According to the association, the naira has been subject to trade wars, exchange rate pressures, and speculative attacks, further complicating its trajectory. Despite the Central Bank of Nigeria's (CBN) efforts to boost foreign exchange supply to banks and Bureau De Change operators, the local currency remains under pressure. Experts warn that while these interventions may offer short-term relief, they do not address the structural issues affecting Nigeria's forex market. 'Looking ahead, we anticipate a mixed outlook for the naira as demand for the dollar intensifies. FX users and speculators continue to take advantage of arbitrage opportunities. However, we expect the CBN to maintain its weekly interventions to stabilise the currency,' analysts at Cowry Assets Management Limited stated. At the official NAFEM window, the naira closed at N2,025 per British Pound Sterling, N1,700 per Euro, N1,115 per Canadian Dollar (CAD), and N215 per Chinese Yuan. The naira's movement in both markets reflects the ongoing struggle between monetary policies and market forces, with stakeholders closely watching the CBN's next steps to ensure a more stable foreign exchange environment. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Yahoo
17-02-2025
- Business
- Yahoo
Fiero AI Takes Center Stage at NAFEM 2025: The Future of Artisanal Pizza Automation
Showcasing Fiero AI: The Platform That Balances Artistry, Consistency, and Efficiency Brewster, NY, Feb. 16, 2025 (GLOBE NEWSWIRE) -- Fiero Group, a leader in pizza-making technologies, is excited to announce its debut at the 2025 NAFEM Show, the largest event for foodservice equipment and supplies in the United States. NAFEM will take place at the Georgia World Congress Center in Atlanta, GA from February 26-28, showcasing the latest tools and technologies shaping the foodservice industry. Fiero AI, an innovative new pizza-making platform designed to improve speed, consistency, and labor costs for foodservice operators, will be exclusively previewed at Fiero Group's booth (#5659). This system is ideal for pizzerias and foodservice operations seeking gains through automation amid labor shortages and the demand for fast, high-quality pizza. At the heart of Fiero AI are three interconnected machines that form a semi-autonomous production line, transforming dough balls into fully baked artisanal pizzas with precision and consistency: OperaPrima Dough Stretcher with CoolStretch® technology replicates the delicate motion of hand-stretching, preserving dough integrity for the perfect crust. Tempo Conveyor Make Table streamlines the topping process, ensuring ingredients are applied quickly and evenly as the dough moves along. Aria Stone Belt Conveyor Oven delivers an authentic stone-baked finish, using an organic refractory stone to bake pizzas evenly—capturing the flavor and texture of a traditional oven without constant monitoring. By handling stretching, topping, and baking, Fiero AI allows pizzerias to focus on what matters most—craftsmanship, creativity, and customer experience. While automation enhances efficiency, operators remain in full control of dough texture, fermentation, and bake profiles, ensuring every pizza upholds artisanal quality. Designed by Peter de Jong, a 25-year pizza industry veteran, Fiero AI is built for pizzerias that refuse to compromise on flavor and tradition. Unlike conventional automation systems, Fiero AI prioritizes automation without sacrificing authenticity—giving operators a tool that works alongside their craft, not in place of it. 'Fiero AI isn't just about efficiency—it's about elevating the pizza-making process,' said Peter de Jong, CEO of Fiero Group. 'We're giving pizzerias the ability to scale without sacrificing quality. This is the future of artisanal pizza, and we're thrilled to showcase it at NAFEM.' To demonstrate Fiero AI in action, Fiero Group has invited Antico Pizza Napoletana, one of Atlanta's most celebrated pizzerias, to showcase their pizza being made on the Fiero AI platform. Attendees will be able to watch Antico's chefs using Fiero AI to craft authentic pizzas —an exclusive opportunity to experience the semi-autonomous pizza automation system live at NAFEM and taste the results firsthand. Fiero's leadership team, including Peter de Jong (CEO), Connor de Jong (General Manager & Executive), John Hoffman (Oven Sales Manager) and Iberica Rivera (Marketing Director), will be at the booth to answer questions and explain how Fiero AI can help pizzerias grow. For a more personalized experience, attendees can schedule one-on-one meetings with the Fiero team to learn more about Fiero AI and how it can benefit their business. Join us at NAFEM 2025 and see why Fiero AI is the future of pizza-making. Visit booth #5659 to taste the difference and discover how Fiero AI can transform your business. Schedule your appointment by visiting About Fiero:Founded in 2004 by chef and serial entrepreneur Peter de Jong, Fiero is the premier provider of Italian-style pizza-making equipment in North America. What began as a passion for authentic, artisan pizza has grown into a brand recognized for its exceptional craftsmanship, performance, and dedication to both tradition and innovation. Operating from their headquarters situated 60 miles north of New York City in Brewster, NY, Fiero seamlessly blends Italian culinary heritage with cutting-edge technology to meet the evolving needs of modern pizzerias and bakeries. With strong industry relationships, a respected presence in the artisan pizza niche, and a commitment to quality, Fiero's products are chosen for their outstanding durability, design, and consistency. From custom builds to expert support, Fiero continues to set the standard for professional pizza-making. Visit to learn more. ### CONTACT: Connor de Jong Fiero Group 844 683 6462 pr@ in to access your portfolio
