Nigeria
Nigeria: Access Holdings to acquire indirect equity stake in Sigma Pensions
The National Pension Commission (PENCOM) and the Federal Competition and Consumer Protection Commission (FCCPC) have approved the proposed acquisition by First Guarantee Pension Limited (FGPL) and First ...
News
Nigeria: CBN Approves Dollar Sales By Payment Service Banks
The Central of Nigeria (CBN) has released supervisory framework for Payment Service Banks. The framework among other things empowered the PSB operators to ...
News
NIBSS: Mobile transfers by bank customers hit N12.8 trillion in 9 months
The Nigeria Inter-Bank Settlement System (NIBSS) has revealed that bank customers in Nigeria transferred a total of N12.8 trillion over mobile devices between January and ...
Kenya
Kenya: Standard Chartered-Backed Solv Launches Its B2B Marketplace in Kenya
B2B marketplace Solv has launched in Kenya to enable micro, small and medium enterprises (MSMEs) to access credit, e-commerce and business services. Solv ...
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Nigeria: Union Bank gets notification for mandatory takeover by Titan Trust Bank
Union Bank of Nigeria Plc has notified its shareholders and the Nigerian Exchange Limited that it has received a Mandatory Takeover Offer (MTO) from Titan Trust Bank ...
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Nigeria: UBA reports N116 billion profit in Q3 2022
United Bank for Africa Plc has released its interim consolidated and separate financial statement for the third quarter period that ended September 31, 2022. ...
News
Nigeria: Islamic Development Bank Approves $1.8bn Financing for Nigeria
The Islamic Development Bank (IsDB) has approved a total financing of $1.8 billion for Nigeria, as the country becomes the fourth largest shareholder ...
News
Nigeria: Bank directors seek end to regulation affecting profit
Bank Directors Association of Nigeria has said payment of deposit insurance premium on the funds sterilised at the Central Bank of Nigeria as ...
Ethopia
Ethiopia: Safaricom plans $8bn investment in Ethiopia
Safaricom says it plans to invest US$300 million a year into Ethiopia over the next ten years, having already invested US1.2 billion in ...
News
Nigeria: Telecom Contributes $70bn to Nigeria’s GDP – Danbatta
Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof. Umar Danbatta said technology-driven telecommunications industry has contributed $70 billion to Nigeria’s economy. He ...