West Africa business news from Nigeria, Ghana, Côte d’Ivoire, Senegal and the wider ECOWAS region.
African Alliance Insurance Plc has appointed Alexander Nwuba as the non-executive director of the insurer. According to a disclosure filed to The Exchange, the appointment has been approved by the …
Nigerians traded at least N77.75bn ($185m) worth of Bitcoin in the first three months of the year despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the country. …
Access Bank Plc has paid a sum of N15 billion to acquire Kenyan lender, Sidian Bank Ltd, owned by Centum Investment Plc. The acquisition amounts to 83.4% equity ownership stake …
Shell Plc will receive two final bids for its stake in its Nigerian joint venture this week from Tony Elumelu’s Heirs Holdings and local firm ND Western Limited, Bloomberg reported …
On Wednesday June 8, UBA said it had redeemed its debut $500 million five-year Eurobond notes which matured. Note that UBA bank repurchased $310.9 million of the notes in 2021 …
The Nigerian Exchange Ltd., (NGX) on Wednesday ended three consecutive sessions of gain with market capitalisation closing at N28.677 trillion from N28.719 trillion on Tuesday, representing a loss of N42 …
Ghana’s inflation rate jumped to the highest level in more than 18 years in May as food and transport costs surged. Annual inflation accelerated to 27.6%, the fastest pace since …
Ibom Air, the commercial airline owned by the Akwa Ibom State government, has said it would be celebrating with “customers and our community” as the airline clocks three years of …
Capital Town-headquartered venture capital (VC) firm HAVAÍC has announced the completion of its first investment in ShopEx, a Nigeria retailer. HAVAÍC says it is investing US$400,000 from its US$20 million …
Access Bank has brokered a deal with the investment firm Centum Investment Plc to procure the 83.4 per cent interest the latter holds in Nairobi based lender Sidian Bank making …
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