Pan-African lender, Ecobank, has announced it will discontinue its safe deposit box services in Togo by August 1, 2025, marking a further retreat from a once-premium service that has become …
Banking, Finance & Investment
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Banking, Finance & InvestmentDigital EconomyFinance & ServicesSecurityTOGO
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Jumia Technologies, one of Africa’s most well-known e-commerce companies, is reportedly attracting acquisition interest from Mauritius-based telecom and fintech giant, Axian Telecom, as the online retailer struggles with deepening financial …
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Banking, Finance & InvestmentEconomyFinance & ServicesKenyaPolicies
Kenyan Banks Cut Lending Rates as Central Bank Eases Monetary Policy
Commercial banks in Kenya are reducing their lending rates, following recent moves by the Central Bank of Kenya (CBK) to ease its monetary policy in an effort to boost private …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesInternational RelationsMarketsNigeria
GTCO to Raise $100m via London Stock Exchange to Meet CBN Capital Rule
Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise about $100 million through a fully marketed equity offering on the London Stock Exchange (LSE). This move is part …
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Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeriaPolicies
Foreign Investor Backs Nigeria’s Economic Reforms as IMF, CBN Hail Progress
Veteran Asia-Pacific investor and founder of the Research Alpha fund, Michael McGaughy, has praised the economic reforms introduced by the Central Bank of Nigeria and President Bola Tinubu’s administration, describing …
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EconomyFinance & ServicesInsuranceINVESTMENTMarketsNigeria
Royal Exchange Posts N496.8m Profit Amid Lower Earnings
Royal Exchange Plc, a key player in Nigeria’s insurance and financial services sector, has reported a profit after tax of N496.8 million for the financial year ended March 31, 2025. …
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Banking, Finance & InvestmentFinance & ServicesINVESTMENTNigeria
Jaiz Bank Doubles Profit to N23.48bn in 2024
Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has recorded an impressive financial performance for the year ended December 31, 2024, posting a 109 per cent increase in its profit after …
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Banking, Finance & InvestmentEducationEnvironmentGOVERNMENT
Union Bank partners Nigerian Conservation Foundation to tackle plastic pollution
Union Bank of Nigeria Plc has joined the global call to protect the environment by partnering with the Nigerian Conservation Foundation (NCF) to host a special event marking World Environment …
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BusinessEconomyEducationFinance & ServicesINVESTMENTMarketsNigeria
United Capital Hosts Investment Forum to Push Financial Literacy and Inclusive Wealth Building
United Capital Asset Management, a subsidiary of United Capital Plc, one of Africa’s leading investment banking and financial services groups, has held the second edition of its flagship Investment Forum. …
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Nigeria’s biggest bank by market value, Guaranty Trust Holding Company Plc (GTCO), is making bold moves to expand its international reach. The banking group has announced plans to list its …