Fitch Affirms Bank of Africa at ‘BB’ With Stable Outlook Fitch Ratings has affirmed Bank of Africa’s (BOA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BB’ with stable…
Oil Rallies as Middle East Tension Lingers The oil market rallied on Tuesday following escalating tension in the Middle East following the deaths of three US soldiers in Jordan, while…
CBN Accuses Banks of Financial Market Manipulation The Central Bank of Nigeria (CBN) has warned deposit money banks against some financial market manipulation moves it spotted during an ongoing investigation…
IMF Approves $183.4m for Cameroon The International Monetary Fund (IMF) has approved an 18-month arrangement for Cameroon under the IMF Resilience and Sustainability Facility (RSF) for a total amount of…
Market Return Nears 40% as NGX Gains N1.24trn With the year to date at about 40%, the Nigerian equities market opened the week positive as the All-Share index rose by…
Naira Registers Worst Daily Devaluation, Falls by 51% The Nigerian local currency, the Naira, has registered its worst daily depreciation in history as the exchange rate worsened by more than…
RMB, World Bank Close First to Market MIGA Guaranteed Sovereign Loan Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, has achieved a significant milestone in Africa by partnering…
Ecobank SuperSavers Account Holders Get Up to 9% Interest Rate Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group has announced mouthwatering interest rates on its…
EC, AfDB Unlock New Funding for African Infrastructure Projects On the sidelines of this week’s Italy-Africa Summit, the European Commission (EC) and the African Development Bank Group have formalised a…
Crown Takaful Insurance Obtains NAICOM Approval to Begin Operation Crown Takaful Insurance Ltd. has received an operating licence from the National Insurance Commission (NAICOM) to begin business, Managing Director, Mr…