Category: News

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Nigeria’s Currency Woes Deepen MTN Group’s Financial Struggles …. Suffers 69% Slump in Full-Year Earnings  

  MTN Group, Africa’s largest telecom operator, reported a staggering 69 per cent decline in full-year earnings, citing the impact of Nigeria’s naira devaluation and operational difficulties in Sudan.   The South Africa-headquartered company announced on Monday that its headline earnings per share (HEPS)—a key profitability measure—fell sharply to 98 […]

PAPSS to Introduce Africa-Focused Currency Exchange System

  The Pan-African Payments and Settlement System (PAPSS) is set to launch a pioneering African currency market platform aimed at enhancing cross-border trade by enabling direct currency exchanges between African nations.   The initiative seeks to reduce reliance on third-party currencies such as the U.S. dollar and bolster regional trade […]

Access Bank Champions Stronger Alliances to Propel Intra-Africa Trade at Inaugural Africa Trade Conference

    Access Bank Plc convened leading policymakers, business executives, and industry stakeholders in Cape Town for the maiden Africa Trade Conference, a platform dedicated to unlocking the continent’s vast trade potential. The conference serves as a strategic response to the shifting global trade landscape, emphasising Africa’s need to build […]

Auboin, Awani, Mene, Quaynor to Lead Conversations at Access Bank’s Africa Trade Conference

 Access Bank PLC, Africa’s leading financial institution, today, announced a distinguished line-up of speakers for the maiden edition of its highly anticipated Africa Trade Conference 2025, set to hold on Wednesday, March 12, 2025, at the Cape Town International Convention Centre (CTICC), South Africa. Under the theme “Empowering Africa: Driving […]

AFC Targets $20bn From African Pension Funds For Investment

    The Africa Finance Corporation (AFC) is intensifying efforts to mobilize domestic capital for investment across the continent, with a focus on pension funds and institutional investors.   The development finance institution aims to generate between $15bn and $20bn from African pension funds to bridge the region’s infrastructure funding […]

Listing Of InfraCredit Raises NASD’s Market Value To N1.95trn

  NASD OTC Exchange Plc an over-the-counter (OTC) exchange in Nigeria, has listed  15,255,079,725 of Infrastructure Credit Guarantee Company (InfraCredit) at N2.43 each, valued at N37bn,  which increased the Exchange’s total market value to N1.95trn.   The listing provides strategic partnership between NASD and InfraCredit, highlights the Exchange’s commitment to […]

Lagos Approves FirstBank’s 40-Storey Headquarters At Eko Atlantic City

  The Lagos State Government has officially granted approval to FirstBank Group for the construction of its state-of-the-art, eco-friendly headquarters in Eko Atlantic City.   Governor Babajide Sanwo-Olu presented the certificate of approval during a groundbreaking ceremony held on Wednesday, marking the commencement of what will be Nigeria’s tallest building. […]

Tantalizers Expands into Blue Economy, Partners U.S. Consortium To Boost Seafood Exports

  Tantalizers Plc, Nigeria’s quick-service restaurant (QSR) sector, has announced a major expansion into the country’s blue economy with the acquisition of 10 state-of-the-art trawlers and a strategic partnership with a U.S.-based marine consortium.   This move marks a significant milestone in the company’s diversification strategy, aimed at tapping into […]

DMO Reappoints Stanbic IBTC Stockbrokers Official Federal Government Stockbroker

    The Debt Management Office (DMO) of Nigeria has reappointed Stanbic IBTC Stockbrokers, a subsidiary of Stanbic IBTC Holdings Plc as the Government Stockbroker to the Federal Government of Nigeria.   The company in a statement said the reappointment underscores the firm’s unwavering commitment to excellence; consistency in delivering […]