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Nigeria’s Wema Bank has already made 17% more than its profit in the whole of last year
Nigeria’s Wema Bank which calls itself the country’s oldest indigenous bank may end the year on a high as it has already surpassed its full year 2017 ...
Industry
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GTBank, Zenith & UBA report profit growth in first 9 months of 2018
Three of Nigeria’s largest banks Guaranty Trust Bank (GTBank), Zenith Bank and the United Bank for Africa (UBA) all recorded impressive first nine mon...
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Dangote refinery still on course to commence production by 2020
Nigeria’s information minister, Lai Mohammed has said that he expects production at a huge oil refinery being built in Nigeria by Africa’s riche...
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Nigeria’s central bank, MTN getting closer to settlement – Minister
Nigeria’s central bank and South African telecommunications firm MTN could soon strike a deal in their dispute over the repatriation of $8.1 billion, ...
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Nigeria’s Senate calls for suspension of illicit bank charges as Senator Ashafa leads motion
The Senate on Wednesday, 17th October 2018 condemned the illicit and excessive deductions charged by banks from their customers. This followed a motio...
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Despite recession, South Africa moves to raise interest rates soon
South Africa’s Reserve Bank will leave interest rates unchanged at 6.50 percent next week, 25 of 26 analysts predicted in a Reuters poll, after recent...
Africa will be ready super fast 5G network in five years – MTN’s CEO
Africa is not ready for next-generation 5G network but would likely be ready to embrace the super-fast technology in about five years from now, MTN’s ...
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Kenya 428 km power line complete, to add 310 MW to grid by December
A high voltage power line to carry electricity from a 310 megawatt (MW) wind power plant to central Kenya from the north is complete and supply to the...
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Nigerian government, AMCON undecided over Arik, Aero Contractors airlines
The Federal Government is at the crossroads in deciding what to do with the duo of Arik Air, and Aero Contractors that are currently being managed by ...
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Niger, Benin Republic finally pays $10m electricity bill to Nigeria
Two international customers, Benin Republic and Niger, have paid $10.1m to Nigeria to settle their electricity bill. This was disclosed by the market ...