The partnership will allow over 8M Ethiopian Diaspora to send money instantly through Amole, to Amole Wallet, bank accounts and cash pickup locations at over 2,500 locations. Flutterwave, Africa’s leading …
Banking, Finance & Investment
- Banking, Finance & InvestmentSpotlightTechnology
- Banking, Finance & InvestmentSpotlightWestern Africa
A seismic fundamental shift is underway in Nigeria’s digital banking sector
Key players in the financial sector have predicted that digital payments are inevitable for the future. It’s only a matter of time, the experts reiterated. But while technology has continued …
The currency fell both at the official and parallel markets. Naira on Friday fell significantly at the I&E window below the 411.88th mark to the U.S. Dollar, the first time …
- Banking, Finance & InvestmentFEATURED NEWSWestern Africa
NASCON Reports Profit of ₦2.69Bn in 2020, Up 46% On Revenue Of ₦28.01Bn
NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited, has reported a turnover of ₦28.01bn representing a 2% increase from the previous year (2019: ₦27.49bn). Profit After Tax increased …
- Banking, Finance & InvestmentBusinessSpotlight
FCMB Executive Director Acquires Shares Worth N5.8Million
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 …
- AirtelBanking, Finance & InvestmentBusiness PoliciesWestern Africa
NGX Index Slips into 38,000-point Region as Bears Tighten Grip
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 …
South African Reserve Bank’s (Sarb) makes a tough decision as regards raising interest rates. The surge in consumer price inflation (CPI) has left the South African Reserve Bank’s (Sarb) Monetary …
- AmazonBanking, Finance & InvestmentPress ReleasesSafaricom
Safaricom in Talks with Amazon for M-Pesa integration as a payment option
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 …
- Banking, Finance & InvestmentBusiness PoliciesWestern Africa
Nigerian Equity Market Witnesses Low Weekly Turnover
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 …