Banking, finance and investment news across Africa: bank results, monetary policy, capital markets, fund flows and investment deals.
In the just concluded week, the Nigerian currency depreciated against the USD at the Investors & Exporters Window, Bureau De Change and Parallel “black” markets by 0.33%, 0.42% and 0.21% …
Zenith Bank Plc Group Managing Director and Chief Executive Officer, Ebenezer Onyeagwu purchased additional shares of 662,844 from Zenith Bank. In a statement issued by Zenith Bank’s management, the GMD/CEO …
The federal government generated N392.77 billion as Company Income Tax (CIT) in the first quarter of this year (Q1’21). This represents a 33 percent quarter-on-quarter (QoQ) increase in CIT when …
Cellulant has appointed Akshay Grover as the new Acting-CEO effective May as Ken Njoroge, the co-founder and CEO transitions from his current position as the CEO to take up new …
For the tenth time, Nigeria’s entrepreneurial giant and richest black man on earth, Mr. Aliko Dangote, has retained his position as the richest man in Africa with a net worth …
Despite a drop in the demand for foreign exchange (FX) at the market on Monday, the Naira depreciated against the US Dollar by 0.08 per cent or 34 kobo at …
Equity trading activities on the Nigerian Stock Exchange started this week ended on a bearish note as major indicators closed negative. The loss was primarily influenced by Central Securities Clearing …
Access Bank recently acquired controlling shares in the former Grobank Limited. Following the completion of Access bank acquiring the controlling interest in Grobank in March. Grobank Limited has been officially …
Safaricom’s share price closed at an all-time high of Sh39.9 on Wednesday as investors rushed to buy on news that the telecoms operator is close to securing an operating licence …
The Central Bank of Nigeria has added 10 companies to the list of International Money Transfer Operators licensed in the country. This was disclosed on Monday in a report, titled …
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