Nigeria’s Banking Sector Faces Capital Challenge
In March 2024, the Central Bank of Nigeria (CBN) made a pivotal decision that shook the country’s financial sector: commercial […]
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Andela Appoints Carrol Chang as New CEO
Andela, the tech talent outsourcing company that skyrocketed to unicorn status, has announced a significant leadership change with the appointment
Access Bank to Acquire National Bank of Kenya
Access Bank, one of Nigeria’s leading financial institutions with a market capitalization of ₦1.01 trillion, is on the verge of
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IHS Towers Lays Off Over 100 Employees
IHS Towers ($IHS), the world’s fourth-largest independent tower company, has laid off more than 100 employees as it grapples
Kenya Airways Reports First Profit in a Decade
Kenya Airways (KQ), the East African nation’s flag carrier, has announced its first profit since 2013, marking a significant turnaround
Nigeria’s Inflation Slows
For the first time in 19 months, Nigeria’s inflation rate has shown signs of slowing, signaling that the central bank’s
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Mobius Motors’ Last-Minute Acquisition
Just one week after announcing its closure, Kenya-based automaker Mobius Motors has accepted an acquisition offer from an undisclosed buyer.
Zenith Bank Plc Launches ₦290 Billion Capital Raise
Zenith Bank Plc, Nigeria’s largest financial institution by market capitalization, has announced a substantial capital-raising initiative, seeking to generate ₦290
Kenyan Banks to Enforce Stricter Monitoring of Large Cash Transfers
Kenyan commercial banks are set to implement more stringent monitoring mechanisms for large cash deposits and transfers, particularly those exceeding