Ecobank Nigeria has reaffirmed its commitment to supporting the country’s creative arts industry as it launched a major exhibition in Lagos showcasing the works of legendary Nigerian artists. The exhibition, …
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NGX Group Reports N24bn Revenue in 2024 on Bank Recapitalisation and Big Listings
The Nigerian Exchange Group Plc (NGX Group) recorded revenue of N24 billion in the 2024 financial year, boosted mainly by the recapitalisation of Nigerian banks and a series of high-profile …
- BusinessCorporate EarningsEconomyFinanceManufacturingNigeriaStock Market
Cutix Plc Profit Falls 81% in Q1 2025 Despite Rising Assets
Cutix Plc, a Nigerian cable manufacturing company listed on the Nigerian Exchange, has reported a sharp decline in profit for the first quarter of its 2025 financial year. The company’s …
- BusinessEconomyInfrastructureKenyaTechnologyTelecommunications
Meta Partners with Safaricom on $23 Million Subsea Cable Project to Boost Internet in East Africa
Facebook’s parent company, Meta, has entered into a partnership with Safaricom, Kenya’s largest telecom operator, to invest in a new subsea fibre-optic cable project that will connect East Africa to …
- BankingBusinessEconomyFinanceKenyaRegulation
Central Bank of Kenya Rejects Exemptions on Staff Loans Under New Pricing Formula
The Central Bank of Kenya (CBK) has rejected requests to exempt bank staff loans from its new loan pricing system, insisting that all borrowers must operate under the same rules. …
Brega Petroleum Marketing Company has confirmed that operations at the Ras Al-Mungar depot are proceeding smoothly and at full capacity. On Friday, the tanker Anwar Al-Nasr arrived at the depot’s …
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Alphabet, Microsoft Boost Tech Giants’ $143B Q2 Profit
The world’s seven largest tech companies—Microsoft, Apple, Alphabet, Amazon, Meta, Nvidia, and Tesla—collectively reported a staggering $143 billion in net profit for the second quarter of 2023, marking a 27.6% …
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KPMG Ghana Funds Pain-Free Treatment at Korle Bu Hospital
KPMG Ghana, in partnership with its alumni, has organised a fundraising walk in Accra to support the Paediatric Oncology Department of the Korle Bu Teaching Hospital (KBTH). The goal of …
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Spiro pushes electric motorcycles into Nigerian market, targets affordable green mobility
Electric mobility firm Spiro has intensified its drive into Nigeria’s motorcycle market, a move seen as a major step for both the country and the global shift toward sustainable transport. …
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Cornerstone Insurance Reshuffles Board, Appoints Omonkhogbe as Non-Executive Director
Cornerstone Insurance Plc has announced changes to its board of directors, with the exit of Mr. Emeka Anthony Ogbechie and the appointment of Mr. Ejakhaluse Zoe Omonkhogbe as a Non-Executive …