The value of PoS, Point of Sale transactions in Nigeria has jumped 39 per cent to N8.03tn in 2022, according to data obtained from the Nigeria Interbank Settlement System. The …
On Tuesday, The Federal Government launched the presidential delivery tracker and an accompanying website developed by the Central Delivery Coordination Unit. Ultimately designed to track, The PDT/CDCU reviews and periodically …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessSouth AfricaSouthern Africa
Barclays exits Africa after selling off stake in Absa Bank
Barclays, a British multinational universal bank has sold its entire remaining 7.4% holding in South African lender Absa, completing its exit from the continent after more than 90 years. Barclays announced …
- NigeriaTransportation & LogisiticsWestern Africa
Nigeria orders airlines to pay up debt, threatens shut down with 30 days deadline
According to authorities, the government of Nigeria this week threatened to shut down domestic airlines over multi billion naira debt. The airlines owed the government N19 billion and $7.6 million …
- Eastern AfricaEconomyOil & Gas
Total Energies Kenya H1 Profit Declines by 55pc On High Cost Of Crude Oil and Weak Shilling
Total Energies Kenya has reported a 55 per cent drop in earnings for the half year ended June 30 attributed to the high cost of crude oil globally and a …
- Banking, Finance & InvestmentBusinessNigeriaWestern Africa
Fidelity Bank witnesses a mid-year profit increase by 21%
On Tuesday, Fidelity bank was backed by the United states’ Global X Management announcing a binding agreement for full acquisition of Union Bank Uk, reported for the period from January …
- AfricaAFRICA NEWSBusinessFinance & ServicesGlobal NewsKenyaNewsNigeriaTechnology
Flutterwave prepares for initial public offering on Nasdaq Stock Exchange
Flutterwave, Africa’s fintech giant is preparing for an initial public offering on the Nasdaq stock exchange amid regulatory hurdles in its key markets. The Nasdaq stock market is an American …
- BusinessEconomyMoroccoSanlam
Sanlam Maroc’s operations yielded 8.3% Annual increase in Turnover at the end of the first half of 2022
Sanlam Maroc, an insurance company that recently rebranded from its original name “Saham,” has indicated that it saw an 8.3% annual increase in turnover at the end of the first …
- Eastern AfricaEconomyFood ProductionOil & Gas
Food and fuel prices surge as Inflation rate hits 8.5pc in Kenya
Consumers endured the sharpest rise in the cost of living in more than five years in August, amid a failed maize flour subsidy, rising fuel costs and a weakening shilling. …
- AfricaAFRICA NEWSBusinessNewsNigeriaTechnologyTelecommunicationsWestern Africa
NCC raises international calls termination rate to $0.10
Telecommunications companies operating in Nigeria are set to earn more from international calls as the Nigerian Communications Commission (NCC) increases the international termination rate (ITR) to $0.10 from the current $0.045 for voice services. …