Bloomberg, a financial and technical information platform expanded its coverage of the cryptocurrency markets following a decision to include data on the top 50 crypto assets to the Bloomberg Terminal. …
- AfricaInformation & TechnologyNewsNigeriaWestern Africa
Passenger traffic for African airlines rises by 116.2% —IATA
In a statement issued by the International Air Transport Association (IATA) on Thursday, African airlines recorded a 116.2 per cent increase in passenger traffic in April 2022 compared to the …
A group of businesses and researchers have announced plans to test electric mini-bus taxis in South Africa beginning from 2023. The pilot programme is set to initially begin around the …
Patrice Motsepe’s African Rainbow Capital (ARC) has put a date on the launch of TymeBank’s Philippines operation; October 2022. ARC published its trading statement for the four months to 30 April on …
Kenya has beaten a hasty retreat from its early plans to float a KSh115 Billion ($1 billion) Eurobond and has instead shifted its attention to borrowing from a consortium of …
- AfricaBanking, Finance & InvestmentBusiness and EconomyEconomyINVESTMENTNewsNigeriaWestern Africa
Banks reward savings accounts with 1.28%, lending hits 26.61%
The gap between the savings and lending rates in banks widened by 25.33 per cent in March, according to figures obtained from the Central Bank of Nigeria. Latest figures obtained …
- BusinessFEATURED NEWSWestern Africa
Alexander Nwuba becomes a non-executive director at African Alliance Insurance.
African Alliance Insurance Plc has appointed Alexander Nwuba as the non-executive director of the insurer. According to a disclosure filed to The Exchange, the appointment has been approved by the …
- AfricaCryptocurrencyInformation TechnologyNewsNigeriaWestern Africa
Nigerians Trade N78bn Bitcoin Amidst Restrictions by CBN
Nigerians traded at least N77.75bn ($185m) worth of Bitcoin in the first three months of the year despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the country. …
- BusinessSpotlight
Active Showmax subscribers surges due to Devilsdorp, Real Housewives and other local shows
Active Showmax subscribers surged to 68% year-on-year, while overall monthly online users increased a pleasing 28% and this was all thanks to local productions such as DevilsDorp, the Real Housewives …
- Access BankAfricaBanking, Finance & InvestmentBusinessEastern AfricaKenyaNewsNigeriaWestern Africa
Access Bank acquires Kenya lender, Sidian Bank, with N15 billion
Access Bank Plc has paid a sum of N15 billion to acquire Kenyan lender, Sidian Bank Ltd, owned by Centum Investment Plc. The acquisition amounts to 83.4% equity ownership stake …