Banking, Finance & Investment

First City Monument Bank (FCMB) has reported a Profit Before Tax (PBT) of N111.9 billion for the financial year ending December 31, 2024. This was disclosed in a corporate statement …

The World Bank’s private investment arm is making a major push into Africa’s digital economy with a $100 million investment in regional data centre developer and operator Raxio Group. This …

JP Morgan is set to expand its footprint in Nigeria by upgrading its Lagos representative office into a full-fledged business branch. The US banking giant plans to apply for a …

The Central Bank of Nigeria (CBN) has debunked a viral report claiming it has introduced N5,000 and N10,000 banknotes to facilitate cash transactions. The apex bank, in a statement released …

Raenest, a global multi-currency accounts platform, has raised $11 million in Series A funding to expand its operations in Kenya and Nigeria, as well as to enter new markets in …

Africa’s energy sector is drawing attention from powerful global players, with Russia positioning itself as a key partner. The continent, rich in oil, gas, and other natural resources, stands at …

Wema Bank Nigeria has released its audited consolidated financial statements for the year ending December 31, 2024, to the Nigerian Exchange Group (NGX), proposing a final dividend of N1 per …

The sixth annual Venture Capital Activity in Africa report has revealed that Africa’s venture ecosystem experienced a 22% decline in deal volume and a 28% drop in deal value in …

Guaranty Trust Holding Company Plc (GTCO) has announced an impressive 107.8% growth in profit before tax, reaching N1.266 trillion for the financial year ended December 31, 2024. This marks a …

Zenith Bank Plc has continued its impressive financial performance, reporting a profit before tax (PBT) of N1.3 trillion for the 2024 financial year. The bank also proposed a final dividend …