The Senior Executive Vice President of the African Export-Import Bank (Afreximbank), Denys Denya, has warned that new threats are emerging against Africa’s development and economic independence, similar to the resistance …
Finance & Services
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AfricaBanking, Finance & InvestmentDevelopmentEconomyFinance & ServicesPoliciesTrade and Commerce
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BusinessEconomyFinance & ServicesNewsNigeriaOil & Gas
Oando Reports N113bn Profit in Q1 2025 After Tax Credit and Impairment Reversal
Oando Plc has recorded a profit after tax of ₦113.06 billion in the first quarter of 2025, showing a strong 90.5 percent rise compared to the ₦59.35 billion it posted …
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EconomyFinance & ServicesINVESTMENTMarketsMobile Telecommunications Network (MTN)NewsNigeriaTelecommunications
Investors Smile as MTN Nigeria’s Share Price Jumps, Adding N3 Trillion in Market Value
Investors in MTN Nigeria Communications Plc have recorded massive profits after the company’s share price rose sharply on the Nigerian Exchange (NGX), pushing its market value up by about N3 …
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Banking, Finance & InvestmentEconomyEnergyFinance & ServicesGOVERNMENTINVESTMENTPolicies
Nigeria’s Eurobond Yields Drop to Two-Month Low as Oil Prices Rise
Yields on Nigeria’s Eurobonds have fallen to their lowest point in two months, following a rise in global oil prices and renewed confidence from international investors. This development is seen …
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Digital EconomyEconomyFinance & ServicesInfrastructureINVESTMENTTrade and Commerce
AfCFTA Targets $712 Billion Digital Trade Market
Africa is preparing to enter a new phase of digital transformation through the African Continental Free Trade Area (AfCFTA), aiming to access a digital trade market worth $712 billion by …
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AfricaAFRICA NEWSBanking, Finance & InvestmentCrimeFinance & ServicesNewsSouth Africa
HBZ Bank, Citibank, and Bank of Taiwan Sanctioned in South Africa
The Prudential Authority, which operates under the South African Reserve Bank (SARB), has issued administrative sanctions against HBZ Bank Limited, Citibank, and the Bank of Taiwan for failing to comply …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessBusiness and EconomyBusiness PoliciesDevelopmentEconomyFinance & ServicesMALAWINews
FDH Bank’s Islamic Banking Records Big Growth, Goes Nationwide in Malawi
FDH Bank plc has announced major success with its Salama Banking product, Malawi’s first Islamic banking window, just one year after its launch. According to the bank, the service has …
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The National Insurance Commission (NAICOM) has welcomed a high-level delegation from the Central Bank of The Gambia as part of efforts to deepen regulatory collaboration and improve knowledge sharing in …
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EconomyFinance & ServicesGOVERNMENTInfrastructurePolitics
Senate, Reps Extend 2024 Capital Budget to December 2025 Amid Criticism
For the second time this year, Nigeria’s Senate and House of Representatives have approved an extension of the capital component of the 2024 national budget to December 31, 2025. The …
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BusinessEconomyFinance & ServicesGOVERNMENTHealthcare
Neimeth Grows Revenue by 103%, Shareholders Commend Turnaround at 66th AGM
Neimeth International Pharmaceuticals Plc has announced a major leap in its 2024 financial year performance, recording a 103 per cent increase in revenue. The development was revealed during the company’s …