The Nigeria stock market performance slightly appreciated by 0.01 per cent on Thursday as the recent report has discouraged investors. On Wednesday, GTBank released its first-quarter earnings, though the not …
Banking, Finance & Investment
- Banking, Finance & InvestmentSpotlightWestern Africa
- Banking, Finance & InvestmentFEATURED NEWSWestern Africa
Naira Gains 0.16% at I&E as Cryptos Declined
Nigeria’s Naira Gains during the midweek session on a favourable note appreciating by 0.16 per cent or 67 kobo against the US Dollar at the Investors and Exporters (I&E) window …
- Banking, Finance & InvestmentFEATURED NEWSWestern Africa
GTBank Records N45.6bn Net Profit in Q1 2021
In the first quarter of 2021 Guaranty Trust Bank (GTBank) Plc recorded a profit after tax of N45.6 billion, which was less than N50.1 billion recorded in the same period …
- Banking, Finance & InvestmentSpotlightWestern Africa
CBN to penalise banks, forex dealers who reject old lower dollar notes
The Central Bank of Nigeria (CBN) said it will penalise banks and foreign exchange (forex) dealers who reject old and lower denominations of the dollar notes. This was based on …
- Banking, Finance & InvestmentPress ReleasesSouthern Africa
Absa confirms CEO Daniel Mminele to step down
In less than 16 months of joining Absa as CEO, Daniel Mminele could be stepping down from his position this was based on BusinessLIVE’s report. Absa, in response to press …
Access Bank has announced that it had entered into a definitive agreement with ABC Holdings Limited to acquire 78.15 per cent shareholding in the African Banking Corporation of Botswana Limited …
Zimbabwe is considering penalising domestic banks, telecommunications operators and other businesses over what the government describes as profiteering off the hard currency it makes available at auctions. Lenders could face …
Absa Bank Kenya has launched the Absa Asset Management Limited (AAML), a subsidiary of the bank that will offer fund and wealth management solutions for its customers. The announcement comes …
- Banking, Finance & InvestmentSouthern Africa
Eskom wins court relief in Econ Oil battle over R14bn contract
Power utility Eskom has won the first round of its bid to undo a multibillion-rand contract with Econ Oil. On Thursday, the Johannesburg High Court suspended a dispute resolution process …
- Banking, Finance & InvestmentSpotlightWestern Africa
Nigeria inflation rises to 18.17% amid high food prices
Nigeria’s inflation rate rose to 18.17 percent on March amid accelerating increase in food prices, the National Bureau of Statistics said Thursday. The NBS says the consumer price index, (CPI) which measures inflation increased …