West Africa business news from Nigeria, Ghana, Côte d’Ivoire, Senegal and the wider ECOWAS region.
On Tuesday, Fidelity bank was backed by the United states’ Global X Management announcing a binding agreement for full acquisition of Union Bank Uk, reported for the period from January …
Telecommunications companies operating in Nigeria are set to earn more from international calls as the Nigerian Communications Commission (NCC) increases the international termination rate (ITR) to $0.10 from the current $0.045 for voice services. …
Founder and chief executive officer (CEO) of Risevest, a Nigerian stock investment app, Eke Urum, has stepped down due to an ongoing investigation into sexual and non-sexual impropriety allegations against him. …
A Kenyan High Court has frozen an additional sum of $3.3 million (Sh400.6 million) belonging to Nigeria’s fintech Unicorn Flutterwave over allegations of money laundering and card fraud. This comes …
Delta Airline, United States’ longest serving flight operator in Nigeria has revealed that it will from October 4, 2022, suspend flight operations between JFK airport, New York and Lagos. In …
Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc. The bank made this known in a corporate filing on …
Central Bank of Nigeria (CBN), says Nigeria has recorded $2.4 billion in diaspora remittances under the “Naira 4 Dollar Scheme” in 2022. Director of Trade and Exchange Department CBN, Ozoemena Nnaji …
Digital bank for Africans in the diaspora, Moneymie, has shut down retail service operations. Without stating the reason for this, but a highlight of its transition to cross-border payments and payouts for …
The government of Japan and the African Development Bank (AFDB) have announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative …
Grey, a Nigerian fintech that provides virtual international bank accounts to Africans, has raised $2 million in seed funding. The seed funding round included participation from Y Combinator, Soma Capital, …
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