Moniepoint, the mobile money platform launched last year by Nigerian fintech startup TeamApt, has become the largest non-bank mobile money service in the country, processing 13 million transactions monthly. Launched

MTN Group has appointed Mr. Karl Toriola, a Nigerian from Osun State, as MTN Nigeria Chief Executive Officer (CEO) designate, with effect from March 1, 2021. Announcing the appointment on Monday, MTN

China’s government said Monday it will impose sanctions on US military contractors including Boeing Co. and Lockheed Martin Corp. for supplying weapons to rival Taiwan, stepping up a feud with

Ant Group Co Ltd 688688.SS on Monday set terms for its dual-listing where the Chinese financial technology giant aims to raise up to $34.4 billion in the world’s largest market

  Nigerian Banks have begun taking stock of their losses to the civil unrest in some parts of the country in the wake of the shooting of protesters at Lekki,

Coca-Cola European Partners Plc has agreed to buy Australian bottler Coca-Cola Amatil Ltd., creating a global producer of packaged beverages to better withstand a slowdown in the industry and the

German Multinational Software Corporation SAP, cut its guidance for 2020 and for the medium term on Sunday, saying the re-imposition of coronavirus lockdowns had hit its business while hard-hit industries

Facebook Inc may face US anti-trust charges as soon as November, the Washington Post reported on Friday, citing four people familiar with the matter. The Federal Trade Commission met privately

One of Africa’s largest banks has announced a N50 billion (About $!30 million) support in form of interest-free loans and grants to small and medium-sized enterprises (SMEs) to support the

Cuba’s Foreign Minister said on Thursday that the US government has taken advantage of the coronavirus pandemic and “tightened the embargo against Cuba in an extreme and unprecedented manner”. In

The International Monetary Fund (IMF) on Thursday expressed concern about the civil unrest in Lagos and some other parts of Nigeria, following the shooting of some #EndSARS protesters at the

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) to end a probe of its role in the 1MDB corruption scandal. The bank’s Malaysian subsidiary also admitted in US court

Amazon.com Inc said on Thursday it has invested $100 million in opening new warehouses in Mexico, including its first shipping centers outside the populous capital area, in a bid to

Nigeria’s stock market lost N113 billion (about $297 million) on Wednesday as investors’ appetite, which has been high for days became dampened due to the tense security situation in the

Sweden’s Ericsson on Wednesday reported quarterly core earnings ahead of market estimates, helped by a lift in margins across its businesses, and said it was “more confident” in meeting its

Cathay Pacific has announced it is closing its subsidiary Cathay Dragon and cutting 8,500 jobs. Cathay Dragon was a full service regional carrier flying mainly to mainland China and other

The world’s largest wealth manager, UBS on Tuesday posted a blockbuster 99% jump in third-quarter profit on heavy turnover in global markets, driven by strong performance in investment banking as

Passengers flying from Heathrow to Hong Kong and Italy on Tuesday will be the first to have the option of paying for a rapid Covid test before checking in. The

The Central Bank of Nigeria has advised all financial institutions to be abreast with emerging risks and other developments while taking proactive steps to address the new and emerging money

The Board of Directors of the African Development Fund (ADF) has approved a loan of UA 36 million ($50.7 million) to Tanzania, to finance the nation’s response to the COVID-19