Wema Bank Nigeria has released its audited consolidated financial statements for the year ending December 31, 2024, to the Nigerian Exchange Group (NGX), proposing a final dividend of N1 per …
Banking, Finance & InvestmentBusinessEconomy
- BusinessEconomyFinance & ServicesINVESTMENTTechnology
Africa venture ecosystem records 22% drop in deal volume
The sixth annual Venture Capital Activity in Africa report has revealed that Africa’s venture ecosystem experienced a 22% decline in deal volume and a 28% drop in deal value in …
The Raw Materials Research and Development Council (RMRDC) is calling on the rubber industry to support efforts to amend its founding Act to prevent the export of raw materials from …
- BusinessEconomyFinance & ServicesGOVERNMENTNigeria
$500m W’Bank Loan: LCCI charges FG on fiscal discipline, transparency
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has called for transparency and efficiency in the disbursement of the World Bank’s newly approved $500 …
- BusinessEconomyFinance & ServicesGOVERNMENT
Nigeria’s net FX reserves rose to $23b in December, says CBN
Nigeria’s net foreign exchange reserves (NFER) have risen to $23.11 billion at the end of 2024, according to the Central Bank of Nigeria (CBN). This figure is $15.6 billion lower …
- Business and EconomyFinance & ServicesWestern Africa
DealMakers AFRICA Recognizes Top Mergers, Acquisitions, and Dealmakers in West Africa
West Africa’s most significant mergers and acquisitions, along with the financial and legal advisers behind them, have been recognised in the recently released 2024 DealMakers AFRICA Annual Awards. The awards …
- EconomyFinance & ServicesGOVERNMENTPolitics
South Africa’s two biggest parties yet to reach pact on budget
South Africa’s two biggest political parties, the African National Congress (ANC) and the pro-business Democratic Alliance (DA), are still struggling to reach an agreement on the national budget. The deadlock …
- BusinessEconomyFinance & ServicesMarketsPolitics
South African rand strengthens as gold hits fresh peak
South Africa’s rand made gains on Monday, strengthened by a surge in gold prices and growing optimism about a potential agreement between the country’s two largest political parties on the …
- BusinessEconomyManufacturingPolitics
South Africa’s Manufacturing Sector Faces Challenges but Sees Slight Improvement
In March, South Africa’s manufacturing sector continued to face challenges, according to the latest Purchasing Managers’ Index (PMI) survey. The index, which measures the performance of the manufacturing industry, showed …
- AfricaBusinessEnergyFinance & Services
Standard Bank almost doubles sustainable finance commitments to R450 billion
Standard Bank Group, Africa’s biggest bank by assets, has raised its sustainable finance targets by 80% to R450 billion in the next three years. This move is part of the …