Banking, finance and investment news across Africa: bank results, monetary policy, capital markets, fund flows and investment deals.
Nine major Nigerian banks collectively spent N1.90 trillion on interest expenses in the first quarter of 2025, representing a sharp 43.2 per cent increase from the N1.33 trillion recorded during …
Sofri, the digital banking brand powered by Links Microfinance Bank, has kicked off a major transformation to improve how Nigerians, especially small businesses and underserved individuals, access credit. The company …
Point of Sale (POS) terminals processed a total of N223.27 trillion worth of transactions across Nigeria in 2024. This figure is more than double the N110.35 trillion recorded in 2023, …
The Nigerian Government has initiated a plan to change how people borrow money. Soon, every loan taken in Nigeria will be connected to the borrower’s National Identification Number (NIN). This …
Exchanging foreign currency, especially US dollars, can feel like a complex maze for many. Traditional banks often offer less favorable rates. Hidden charges can also eat into your hard-earned money. …
Thirteen Nigerian commercial banks have finished paying their outstanding Unstructured Supplementary Service Data (USSD) debts to mobile network operators (MNOs). The remaining three banks have paid more than 95 percent …
JOHANNESBURG, June 19 (Reuters) – The South African rand weakened in early Thursday trade, reflecting growing global risk aversion as the Iran-Israel conflict stretched into its seventh day and investors …
ZANZIBAR CITY – Zanzibar President Dr. Hussein Ali Mwinyi has been honoured with a Special Recognition Award by the Zanzibar Investment Promotion Authority (ZIPA) for his outstanding role in transforming …
EY Nigeria has announced a major roundtable discussion that will focus on how private capital can be used to speed up Africa’s development plans. The event, which will hold next …
Odu’a Investment Company Limited has launched a major agro-industrial initiative in Oke Ako, Ikole Local Government Area of Ekiti State, aimed at increasing agricultural production, empowering youths, and improving the …
Chat us up