Banking, Finance & Investment

Olufemi Badeji, the Executive Director, First City Monument Bank (FCMB), purchased 2,000,000 ordinary shares of the company. The management disclosed in a statement signed by Olufunmilayo Adedibu, Company Secretary, FCMB. …

Bitcoin and Ether slipped back toward this week’s lows during Asian trading before rebounding Bitcoin and Ether remained under pressure after a bruising U.S. session that left much of the …

The All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited slipped into the 38,000-point region on Wednesday, May 19, 2021, four weeks after it moved out of the threshold to …

Kenya’s leading telco Safaricom is reportedly in talks with U.S e-commerce giant Amazon to integrate M-pesa as a payment option. The move, according to a report by Bloomberg, is part …

The Nigerian equity market witnessed a low turnover last week, with just 840.3 million shares worth N9.6 billion traded in 13,239 deals as against the 1.4 billion shares worth N15.9 …

Seeking to accelerate growth in a market hampered by a lack of new broadband spectrum. Vodacom is expanding its financial and e-commerce services in South Africa through a partnership with …

Elon Musk’s Twitter posts continue to send Bitcoin prices crashing, this leads his fortune heading in the same direction as the cryptocurrency. On Monday, Tesla Inc.’s chief executive officer lost …

The African Union Development Agency NEPAD (AUDA-NEPAD) and the Ecobank Group, its strategic partner on the development of the 100,000 Micro, Small and Medium Enterprises (MSMEs) Initiative, are set to …

The CBN no longer shows an exchange rate on the home page of its website, having previously carried a rate of NGN379 per US Dollar. This may suggest that the …

KCB Group will spend a total of Sh6 billion to acquire two banks in Rwanda and Tanzania from London-listed Atlas Mara Limited. The Nairobi Securities Exchange-listed firm had earlier estimated …