Friday, 10th June 2022: The exchange rate between the naira and the US dollar closed at N421.25/$1 at the Investors and Exporters (I&E) window. Naira recorded a marginal gain against the …
Category:
Western Africa
- AfricaInformation & TechnologyNewsNigeriaWestern Africa
Passenger traffic for African airlines rises by 116.2% —IATA
In a statement issued by the International Air Transport Association (IATA) on Thursday, African airlines recorded a 116.2 per cent increase in passenger traffic in April 2022 compared to the …
Patrice Motsepe’s African Rainbow Capital (ARC) has put a date on the launch of TymeBank’s Philippines operation; October 2022. ARC published its trading statement for the four months to 30 April on …
- AfricaBanking, Finance & InvestmentBusiness and EconomyEconomyINVESTMENTNewsNigeriaWestern Africa
Banks reward savings accounts with 1.28%, lending hits 26.61%
The gap between the savings and lending rates in banks widened by 25.33 per cent in March, according to figures obtained from the Central Bank of Nigeria. Latest figures obtained …
- BusinessFEATURED NEWSWestern Africa
Alexander Nwuba becomes a non-executive director at African Alliance Insurance.
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 …
- AfricaCryptocurrencyInformation TechnologyNewsNigeriaWestern Africa
Nigerians Trade N78bn Bitcoin Amidst Restrictions by CBN
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. …
A solar-based internet service provider, Tizeti Network Limited has announced the appointment of Emmanuel Ikazoboh as its board chairman. Mr. Ikazoboh is an independent/Non-Executive Director for Nampak Packaging Limited South …
- Banking, Finance & InvestmentWestern Africa
Wema Bank probes privacy breach reacts to data protection agency
The Nigeria Data Protection Bureau (NDPB) says it is investigating Wema Bank PLC and KC Gaming Networks (Bet Naija), for alleged breach of customers’ data privacy. The bank is accused …
- Access BankAfricaBanking, Finance & InvestmentBusinessEastern AfricaKenyaNewsNigeriaWestern Africa
Access Bank acquires Kenya lender, Sidian Bank, with N15 billion
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 …
- BusinessEnergyOil & GasWestern Africa
Heir Holding, ND Western offers Shell final offer for $2.3 billion oil assets
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 …