The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said he will continue to push for more capital investments into Africa even after stepping down from his …
Finance & Services
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BankingDevelopmentFinance & ServicesInternational RelationsLeadershipNigeria
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BusinessCapital MarketEconomyFinance & ServicesNewsNigeriaOil & GasRegional Cooperation
Conoil Records Sharp Drop in Half-Year Profit as Revenue and Costs Take a Toll
Conoil Plc, one of Nigeria’s oldest petroleum marketing companies, has reported a significant drop in its profit after tax for the half-year period ended June 30, 2025. According to the …
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BusinessEconomyFinance & ServicesManufacturing & Consumer GoodsMarketsNigeria
Nestlé Nigeria Returns to Profit with N50.6bn Half-Year Gain After Heavy Loss in 2024
Nestlé Nigeria Plc has bounced back to profitability, posting a profit after tax of N50.6bn for the half-year period ended June 30, 2025. This strong recovery comes after the food …
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BusinessCapital MarketEconomyFinance & ServicesMarkets
NGX Market Capitalisation Increases by N459bn as BUA Cement
The Nigerian Exchange Limited (NGX) continued its upward momentum on Tuesday, August 6, 2025, as the market saw renewed buying interest in major stocks. The All-Share Index (ASI) climbed by …
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DataPro Limited, one of Africa’s leading firms in compliance and risk management consulting, has announced plans to hold its 2025 edition of the Kigali Master Class. The executive-level training will …
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AfricaBusinessEconomyFinance & ServicesGOVERNMENTRwandaRwanda DailyTechnology
Rwanda Targets $200m Investment with New FinTech Plan
Rwanda has taken another big step in its push to become one of Africa’s top technology and digital finance centres. The East African country has officially launched a new National …
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BankingBusinessFinance & ServicesInfrastructureRegulationTechnology
NOVA Bank Targets Growth with New Branches, Regional Licence Plan
NOVA Bank has announced plans to open new branches in Owerri, Abuja, and Port Harcourt as part of efforts to expand its operations across the country. The bank also said …
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BusinessDigital EconomyFinance & ServicesSafaricomStartupsTechnologyTrade and Commerce
Safaricom, PayPal Link M-PESA Wallets for Global Transactions
Safaricom’s M-PESA service has partnered with PayPal to allow Kenyans to move money easily between their mobile money wallets and PayPal accounts. The new partnership is expected to benefit over …
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BankingFinance & ServicesGovernanceKenyaRegional CooperationRegulation
CBK to Launch Deposit Guarantee Fund to Protect SACCO Depositors
The Central Bank of Kenya (CBK) has announced plans to set up a Deposit Guarantee Fund (DPF) worth KSh180 million to protect members of Savings and Credit Cooperative Societies (SACCOs) …
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BankingEconomyEnergyFinance & ServicesInfrastructureNigeriaOil & GasTrade and Commerce
Afreximbank Grants $1.35bn Loan to Dangote Industries to Boost Refinery Operations
The African Export-Import Bank (Afreximbank) has given a major financial boost to Dangote Industries Limited (DIL) by approving a $1.35 billion loan facility to support its massive refinery project. This …