UAP Insurance South Sudan, a subsidiary of UAP Old Mutual Holdings, has officially withdrawn from the South Sudan insurance market, marking the end of its 19-year operations in the country. …
Markets
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BusinessEastern AfricaEconomyInsuranceKenyaMarkets
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BusinessDangote IndustriesEconomyEnergyMarketsNigeriaOil & Gas
Petrol Prices Drop Below N900 Across South-West
Fuel prices at filling stations across Lagos and Ogun States have started falling below the N900 per litre mark following a N40 reduction in ex-depot prices by Dangote Petroleum Refinery. …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesInternational RelationsMarketsNigeria
GTCO to Raise $100m via London Stock Exchange to Meet CBN Capital Rule
Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise about $100 million through a fully marketed equity offering on the London Stock Exchange (LSE). This move is part …
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EconomyFinance & ServicesInsuranceINVESTMENTMarketsNigeria
Royal Exchange Posts N496.8m Profit Amid Lower Earnings
Royal Exchange Plc, a key player in Nigeria’s insurance and financial services sector, has reported a profit after tax of N496.8 million for the financial year ended March 31, 2025. …
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BusinessEconomyEducationFinance & ServicesINVESTMENTMarketsNigeria
United Capital Hosts Investment Forum to Push Financial Literacy and Inclusive Wealth Building
United Capital Asset Management, a subsidiary of United Capital Plc, one of Africa’s leading investment banking and financial services groups, has held the second edition of its flagship Investment Forum. …
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BusinessEconomyFintechMarketsNigeriaTechnology
Interswitch Launches Emotional Masterbrand Campaign Highlighting Its Role
Africa’s leading digital payment and commerce company, Interswitch, has launched a new Masterbrand campaign aimed at showcasing its crucial but often unseen role in powering the day-to-day lives of Africans. …
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AfricaAFRICA NEWSBusiness and EconomyEconomyMarketsPoliciesSouth Africa
South African Rand and Bonds Strengthen on Optimism Over Possible Inflation Target Cut
South Africa’s financial markets showed signs of renewed strength on Tuesday, as the rand firmed and government bonds rallied, supported by growing investor optimism that the country could be moving …
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Eastern AfricaFinance & ServicesINVESTMENTManufacturingMarketsReal Estate
Olympia Capital Posts KSh 17.6m Profit Despite Revenue Dip
Olympia Capital Holdings Limited has announced a net profit of KSh 17.6 million for the financial year ended 28 February 2025, reflecting a 50 percent decline from the KSh 35.2 …
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Eastern AfricaFintechGOVERNMENTINVESTMENTMarketsTelecommunications
MTN Uganda Offers Exit Plan for Retail Investors
MTN Uganda has announced a new exit option for its minority retail investors as the telecom company prepares to separate its mobile money business, MTN MoMo, from its main telecom …
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AfricaBanking, Finance & InvestmentEconomyFinance & ServicesMarketsNigeria
Naira Gains Slightly as FX Market Liquidity Improves
The Nigerian naira appreciated against the US dollar across both official and parallel foreign exchange (FX) markets on Tuesday, July 2, 2025—the first trading day of the new month. This …