West Africa business news from Nigeria, Ghana, Côte d’Ivoire, Senegal and the wider ECOWAS region.
International financial markets have opened a window for African governments to diversify their funding sources from traditional multilateral institutions and foreign aid. For example, they can now borrow through issuing …
Kaspersky researchers have identified the top malware families in Nigeria, South Africa and Kenya as ransomware, financial/banking Trojans and crypto-miner malware. In a report, Kaspersky researchers said when comparing the …
Nigerian health tech startup, HelpMum, has been announced as one of and the only African among the four global winners for the 2021 Waislitz Global Citizen Award. HelpMum was selected …
Federal Executive Council (FEC) meeting in Abuja on Wednesday approved $2.75 billion for the Nigerian National Petroleum Corporation (NNPC) to buy a 20 per cent stake in the Dangote Petroleum …
NOVA Merchant Bank has announced the appointment of Emmanuel Onokpasa as executive director for wholesale bank and treasury. NOVA which announced the appointment in a statement said the Central Bank …
Digital payments have seen tremendous growth in the past couple of years. As of January 2021, 38.9 per cent of the population aged 15 years and older had a mobile …
Central Bank of Nigeria (CBN) has barred the proposed Payments Service Holding Companies (PSHC) from borrowing from the Nigerian banking system for the purpose of capitalising itself or any of …
The Nigerian Institution of Estate Surveyors and Valuers have rejected the monthly house rent proposal of the Minister of Works and Housing, Babatunde Fashola. NIESV President, Emmanuel Wike, told journalists …
Central Bank of Nigeria (CBN) has allayed fears over domiciliary account deposits as it dismissed rumours of plans to convert foreign exchange in customer’s domiciliary accounts into Naira. Osita Nwanisobi, …
MTN Group’s Nigerian unit has reported a 27.6% increase in half-year earnings before interest, tax, depreciation and amortisation (Ebitda), despite a sharp decline in subscribers brought about by regulatory restrictions …
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