Banking, finance and investment news across Africa: bank results, monetary policy, capital markets, fund flows and investment deals.
The IMF (International Monetary Funds) has warned that debt servicing may gulp 100 per cent of the Federal Government’s revenue by 2026 if the government fails to implement adequate measures …
On Tuesday morning, during the 2022 annual general meeting (AGM), Standard bank told shareholders that it was giving the issue of ghost accounts the seriousness it deserves. Standard Bank has reported …
The top five Nigerian banks by market capitalization FUGAZ (FBN Holdings, UBA Plc, Guaranty Trust Bank, Access Bank and Zenith Bank) paid N8 billion as an information technology tax in …
Glencore International A.G. and Glencore Ltd., both multi-national commodity trading and mining Switzerland Firms involved in massive bribery of officials of Nigeria’s state-owned oil company are reportedly pleading guilty and agreed …
From 7:30 am on Saturday morning, Standard Bank started experiencing degradation on one of its components, called a generic switch which is responsible for responsible for switching transactions related to …
Nigerian stocks were 0.22 per cent weaker last week as the market slipped into correction territory after weeks of successive gains. As a great number of corporate results are still …
The African Development Bank (AfDB) Group’s board of directors announced that it approved a $1.5 billion facility to help African countries avert a looming food crisis in the continent. In a statement …
After the credit rating agency Moody’s upgraded South Africa’s outlook last month, S&P Global has now also improved its outlook to “positive” from “stable”. This was thanks in large part …
MoMo Payment Service Bank (PSB), the fintech subsidiary of MTN Nigeria Plc has commenced commercial operations in Nigeria. The telecom giant notified its shareholders and the investing public of the …
There are palpable fears of job loss in the financial sector as banks move to contain rising high operating costs.In the first quarter of the year, the cost of diesel …
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