The Central Bank if Nigeria (CBN) has barred the proposed Payments Service Holding Companies (PSHC) from borrowing from the Nigerian banking system for the purpose of capitalising itself or any

Nigeria’s federal government on Tuesday said it would continue to ramp up investments in the country’s hydrocarbons, despite the current global shift to renewable sources of energy. Speaking at the

The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs) equivalent to $650 billion (about SDR 456 billion) to boost

President Muhammadu Buhari has congratulated the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, and wished him well on his 60th birthday. Buhari appreciated the economist and

Users of Facebook Inc’s WhatsApp can now send disappearing photos and videos on its platform starting this week, as it looks to better compete with Snap Inc’s photo messaging app

According to a report by Stanbic IBTC Bank, Nigeria’s Purchasing Managers Index (PMI) increases 55.4 in July from 53.6 in June. The data released by the company shows an improvement

To contribute to Rwanda’s debt sustainability strategy, the country has raised $620 million through a 10-year Eurobond, part of which will go towards retiring an outstanding dollar bond. The East

As a way of helping struggling economies deal with the fallout from the Covid-19 pandemic, the International Monetary Fund has approved the allocation of IMF Special Drawing Rights (SDRs), a

The Nigerian National Petroleum Corporation (NNPC) on Monday assured that it would protect the interest of Nigeria in any transaction involving international oil companies interested in divesting from the country.

As a way of achieving a robust integration for West African economies and finances, 15 Countries are ready to link up their debt markets before the end of 2023. The

The Central Bank of Nigeria has assured it will monitor commercial banks to ensure they meet the legitimate FX demands of customers. As a way of also allaying fears over

The Group Managing Director/Chief Executive of Zenith Bank Plc, Mr. Ebenezer Onyeagwu, has called for increased impact investing in Nigeria and other countries in Africa, for the continent to attain

Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd for $29 billion, creating a global transactions giant in

Members of the Manufacturers Association of Nigeria (MAN) have strongly supported last week’s decision by the Central Bank of Nigeria (CBN) to discontinue with the weekly sale of the United

MTN Nigeria o Saturday declared revenue of N790.3 billion (about $1.9bn), representing an increase of 24.1 per cent in its unedited half year results for the period that ended on

Royal Dutch Shell has launched a major divestment of its Nigerian assets, several sources familiar with the matter said. Shell has hired Standard Chartered to sell its Shell Petroleum Development

As a way of boosting Kenya’s capacity in waging war against terrorism, the country’s armed forces has signed a deal worth Sh9.87 billion with Turkish armoured vehicles manufacturer Katmerciler. The

Airtel Africa Plc has announced a net profit of $142 million in the fiscal first quarter as revenue grows 31% to $1.1billion. The company’s Q2 2021 unaudited results for the

FCMB Group Plc has reported a significant gross revenue of N94.2billion and profit before tax of N8.9billion in its unaudited interim earnings report for the first half of 2021. The