The Nigerian Exchange (NGX) closed strong on Wednesday, 19 June 2025, with investors showing renewed interest in insurance and oil and gas stocks, pushing the market capitalisation up by ₦1.18 …
Finance & Services
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Banking, Finance & InvestmentEconomyFinance & ServicesInsuranceMarketsNigeriaOil & Gas
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Finance & ServicesMobile Telecommunications Network (MTN)NigeriaTechnology
Telecom Operators Now Collect USSD Charges Directly From Airtime
elecommunication companies in Nigeria will now receive payment for Unstructured Supplementary Service Data (USSD) services directly from customers’ airtime, based on a new billing model approved by the Nigerian Communications …
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BusinessEastern AfricaEconomyFinance & ServicesGOVERNMENTNewsPoliciesTechnology
East African Nations Urged to Embrace Digital VAT Reforms
Tax experts and policy makers have called on East African countries to fully embrace digital systems in the collection of Value Added Tax (VAT) to improve compliance, close revenue gaps, …
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BusinessEconomyFinance & ServicesNewsPoliciesSouth Africa
South Africa’s Inflation Holds Steady at 2.8% in May
South Africa’s headline inflation rate remained unchanged at 2.8% year-on-year in May 2025, according to data released on Wednesday by Statistics South Africa. The figure matches the April reading and …
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The South African rand saw a slight recovery in early morning trade on Wednesday, ahead of important economic data releases and a key interest rate decision from the United States …
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Finance & ServicesNewsReal EstateSouth Africa
Court Halts Standard Bank’s Foreclosure Bid on Zwelinzima Vavi’s Sandton Home
South African labour leader Zwelinzima Vavi and his wife Noluthando have won a temporary reprieve in a legal battle with Standard Bank over their Sandton home, as the bank failed …
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AfricaEconomyFinance & ServicesINVESTMENTNigeria
Nigerian Start-Ups Rank Third in Africa, Secure Over $162m
Nigerian start-ups have ranked third in Africa for attracting investor funding in the first five months of 2025, securing over $162 million in capital. This is according to the latest …
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Banking, Finance & InvestmentFinance & ServicesNigeria
Parallex Bank Rewards 925 Customers in Grand Finale of ‘Save and Win’ Promo
Parallex Bank has ended the first season of its ‘Save and Win’ savings promo with a grand finale in Lagos, where a total of 925 customers were rewarded with different …
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AfricaAFRICA NEWSBusinessBusiness PoliciesEconomyFinance & ServicesGOVERNMENTInternational RelationsNatural ResourcesPoliciesWestern Africa
Mali Asserts Control Over Gold Sector Amid Dispute with Barrick Gold
Mali’s military government has intensified efforts to reclaim control over its gold industry, taking significant steps to assert sovereignty and reduce dependence on foreign operators. This move includes the temporary …
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AfricaAFRICA NEWSBusiness PoliciesEconomyFinance & ServicesGOVERNMENTPoliciesUGANDA
Govt Warns Money Lenders Over High Interest Rates, Illegal Practices
Kampala, Uganda — The Government of Uganda has sounded a strong warning to money lenders operating illegally and charging exorbitant interest rates, saying such exploitative behaviour is worsening poverty and …