Airtel Africa has outlined a set of strategic initiatives — including plans to list its mobile money arm, ongoing talks to utilise Starlink capacity, and possible integration of crypto-related services …
Business Policies
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The newly appointed chief executive officer of UBA UK, Loknath Mishra, has unveiled an ambitious strategy to position the bank at the centre of efforts to close Africa’s estimated $100 …
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Dangote signs $400 mln equipment deal with China’s XCMG to speed up refinery expansion
Africa’s industrial conglomerate, Dangote Group, has sealed a $400 million equipment procurement pact with Chinese manufacturer Xuzhou Construction Machinery Group as part of an aggressive push to scale up its …
Telecommunications giant MTN Group has announced that the board of IHS Towers has accepted an offer of $8.50 per share in a deal that could see the operator raise its …
PalmPay has unveiled a new feature that allows users to request AfriGO payment cards directly within its mobile application, in a move aimed at widening access to card-based financial services …
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Neimeth seeks patient capital, local patronage as profit hits N1.5 billion
Neimeth Pharmaceuticals Plc has called on the Federal Government to create pathways for pharmaceutical manufacturers to access long-term financing, saying the move is critical to sustaining investment in local drug …
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Naira sustains significant appreciation against US dollar across official, black markets
The naira on Wednesday sustained its upward trend against the United States dollar across both official and parallel foreign exchange markets, reflecting continued currency stability. Latest data released by the …
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Access Bank–Bidvest Bank Deal Collapses over Regulatory Approvals
Access Bank Plc’s proposed acquisition of South Africa’s Bidvest Bank has collapsed following regulatory hurdles, Vanguard has learnt. Although the Nigerian lender had reached an agreement to acquire the South …
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said the country’s net foreign reserves have risen to $49 billion, marking a strong and sustained recovery from …
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Nigeria’s FX market gap widens for first time in three years
Nigeria’s foreign exchange market has recorded a renewed divergence between the official exchange rate and the parallel market, marking the first significant widening of the gap in about three years. …