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 …
Banking, Finance & Investment
- Banking, Finance & InvestmentSpotlightWestern Africa
- Banking, Finance & InvestmentBusiness PoliciesWestern Africa
Naira Falls to N410.67/$1 Despite Drop in FX Demand at I&E
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 …
- Banking, Finance & InvestmentNigeriaSpotlightWestern Africa
Bears Remain as Unlisted Securities Shed 0.85%
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 BankBanking, Finance & InvestmentSpotlightWestern Africa
Grobank formally becomes Access Bank South Africa
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 …
First City Monument Bank (FCMB) has been blamed for the death of its customer in one of its branches in Port Harcourt, Rivers State. Based on the report gathered the …
- Banking, Finance & InvestmentWestern Africa
PZ Cussons Shareholders Wealth Increased by 21.11% in Five Days
Last week PZ Cussons‘ investors exulted at the returns their investment yielded in the company especially because of the additional 21.11 per cent increase to their investment. The share price …
- Banking, Finance & InvestmentEastern AfricaSouthern Africa
Tanzania overtakes South Africa as Kenya’s top remittance source
In the first quarter of 2021, the inflow of US dollar from other African countries into Kenya dropped to 65.9 percent placing Tanzania over South Africa as the biggest source …
- Banking, Finance & InvestmentSpotlightWestern Africa
Naira Appreciates at Black Market Amid Cryptos Dominance
The Naira made up for lost time against the United States Dollar at the parallel market segment of the foreign exchange on Thursday, April 22. At the unregulated market, Naira …