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 …
Western Africa
- EconomyManufacturing & Consumer GoodsNewsNigeriaWestern Africa
NGX: Market capitalisation loses N42 billion on Wednesday
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 …
Mudassir Amray has emerged as the new chief executive officer of Union Bank after Titan Trust Bank Limited, a subsidiary of TGI Group, completed the acquisition of the majority shareholding …
- Banking, Finance & InvestmentBusinessHealthcareStanbic IBTCWestern Africa
Quality healthcare: Stanbic IBTC Bank contributes N10.2 billion to boost sector
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has continued to partner stakeholders in the health sector to offer quality healthcare. Chief Executive, Stanbic IBTC Bank PLC, …
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 BankBanking, Finance & InvestmentEastern AfricaKenyaWestern Africa
Access Bank acquire $37 million stake in Kenya’s Sidian Bank
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 …
- BusinessCryptocurrencyWestern Africa
Forex theft; Trader sentenced to 2 years in prison for stealing N20 million cryptocurrency
A forex trader has been sentenced for two years in prison by Ikeja Special Offences Court for stealing N20 million cryptocurrency. On Tuesday, Justice Oluwatoyin Taiwo sentenced the convict named …
As unions representing workers at the South African Revenue Service (SARS) resume talks on wages to end the deadlock, the position of the Public Servants’ Association (PSA) and the National …