UBA, Afrexim Bank Partner to Digitise African Trade Via LEO, PAPSS

  United Bank for Africa (UBA) has integrated its Artificial Intelligence (AI) chatbot, LEO, with the Pan-African Payment and Settlement System (PAPSS) in  a bid  towards enhancing intra-African trade.   The initiative launched in partnership with the African Export-Import Bank (Afrexim Bank), enables seamless end-to-end transactions across African borders in […]

Seplat Energy’s H1 2025 Revenue Hits N2.17trn             … Declares US 4.6 Cents Dividend Per Share for the Quarter

  Seplat Energy Plc has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167trn for the period from N575.1bn reported same period last year.   Its gross profit soared to N751.2bn from N247.5bn Year-on-Year.   Cash generated from its operations for the period grew to […]

GDP Growth Unsustainable Amid Worsening Electricity Supply, Says Rewane

    An economist and Managing Director of Financial Derivatives Company Ltd, Bismarck Rewane, has warned that Nigeria’s continued electricity supply crisis poses a serious threat to the country’s economic stability and long-term growth, declaring that current GDP progress is unsustainable without immediate and comprehensive reforms in the power sector. […]

Moody’s Upgrades Ecobank Ratings Outlook to Stable

  Moody’s has affirmed Ecobank Transnational Incorporated’s (ETI) B3/Not Prime long- and short-term issuer ratings; B3 senior unsecured debt rating; b2 notional Baseline Credit Assessment (BCA); and b1 Adjusted BCA. At the same time, rating analysts at Moody’s said they have changed the outlook on the group’s long-term issuer and senior […]