In a landmark development for Ethiopia’s financial sector, the Ethiopian Capital Market Authority (ECMA) has granted licenses to five new capital market service providers, including the country’s inaugural investment banks. …
Baobab Microfinance Bank has reaffirmed its commitment to empowering small and medium-sized enterprises (SMEs) and micro-entrepreneurs across Nigeria by disbursing loans worth over N323bn to more than 407,000 customers. This …
First City Monument Bank (FCMB) has broadened its reach by inaugurating a new branch in Ogbomosho, Oyo State, aiming to enhance financial inclusion and stimulate economic growth in the region. …
In a major show of investor confidence, First Bank Holdings Plc (First HoldCo) has announced a 25% oversubscription in its recently concluded rights issue, underscoring strong market appetite for its …
Union Bank has announced the commencement of the fourth edition of its ‘Save and Win Palli’ promo, a nationwide campaign designed to reward both new and existing customers with cash …
Africa is making significant strides toward financial integration with the introduction of the Africa Currency Marketplace by the Pan-African Payment and Settlement System (PAPSS). This innovative platform aims to facilitate …
Tanzania’s payment landscape is rapidly evolving, with a significant surge in electronic transactions inspiring a national shift towards a cashless economy, according to recent reports from financial authorities and tech …
The Central Bank of Nigeria (CBN) has reported that Nigeria’s economic activities continued their upward trajectory for the second consecutive month, signalling gradual recovery and renewed optimism among businesses. In …
Ghana’s Finance Minister has stepped up engagement with key financial institutions, holding a crucial dialogue with 22 banks to deliberate on the government’s Domestic Debt Exchange Programme (DDEP), Treasury Bills, …
A new report from the Central Bank of Nigeria (CBN) has revealed that a majority of Nigerians are groaning under the burden of high borrowing costs, with a whopping 65.5% …
Chat us up