Access Bank Dismisses Claims of ₦500m Missing from Customer's Account
Access Bank has firmly denied allegations made by popular social media influencer Vincent Martins Otse, also known as VeryDarkMan, about ₦500 million allegedly disappearing from a customer’s account.
Gold ETFs See Surge in Demand as Prices Hit Record Highs
Inflows into gold exchange-traded funds (ETFs) are expected to rise sharply as Western investors increase exposure to the precious metal.
NNPCL Seeks Court to Dismiss Case Against Dangote Refinery Deal
The Nigerian National Petroleum Company Limited (NNPCL) has requested the court to dismiss a lawsuit involving Lasisi Import, a company challenging aspects of the Dangote Refinery agreement.
COP29 in Baku: Calls for Climate Justice and Equitable Transition
The 29th UN Climate Change Conference (COP29) in Baku, Azerbaijan, brought together over 70,000 delegates from 170 countries, including world leaders and representatives from more than half of the UN's member nations.
President Akufo-Addo Appoints Herbert Krapa as Energy Minister
Ghana’s President, Nana Akufo-Addo, has appointed Herbert Krapa as the substantive Minister for Energy, effective 19th November 2024.
CBK Updates Banknotes With New Security Features and Signatures
The Central Bank of Kenya (CBK) has introduced updates to various Kenyan banknotes to enhance their security and maintain their integrity.
Jospong Rice Launch Boosts Ghana’s Push for Local Food Security
The Asian African Consortium (AAC), part of the Jospong Group, has introduced Jospong Rice, a new locally grown and processed rice aimed at reducing Ghana’s dependence on imports.
Absa Kenya Reports 20% Profit Growth, Hits Ksh.14.7B in Q3 2024
Absa Bank Kenya's Profit after Tax increased by 20% to Ksh.14.7 billion in the third quarter of 2024.
Dangote Seeks Billions to Boost Crude Supply for $20B Refinery
Africa’s richest man, Aliko Dangote, is seeking billions of dollars to secure crude oil supplies for his $20 billion refinery in Lagos.
Nigeria's Inflation Surges to Over 33% in October Amid Reforms
Nigeria's inflation rate climbed to over 33% in October, according to government data, marking a significant economic challenge for the country.
German Desk Launch Strengthens Trade Ties Between Europe and East Africa
Equity Group Holdings Plc, in partnership with DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, has launched the German Desk – Financial Support and Solutions for East Africa.
Access Bank UK Acquires Majority Stake in Afrasia Bank, Mauritiu
Access Holdings has announced that Access Bank United Kingdom (UK) has successfully signed an agreement to acquire a majority stake in Afrasia Bank Limited, the fourth-largest bank in Mauritius by assets.
NNPC, Dangote Refinery Ink 10-Year Gas Supply Deal to Boost Output
The Dangote Refinery’s push to increase its daily production of 650,000 barrels has gained new momentum with the signing of a major gas supply agreement with NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited.
Nigeria Seeks $10 Billion Private Investment to Boost Power Sector
The Nigerian government plans to attract $10 billion from the private sector to strengthen the country’s power infrastructure over the next five to ten years.
UBA Appoints Henrietta Ugboh as New Independent Non-Executive Director
The United Bank for Africa Plc (UBA) has appointed Henrietta Ugboh as an independent non-executive director, bringing her extensive banking experience to its board.
Gerald Nyaoma Named CBK’s Second Deputy Governor to Meet Legal Mandate
In a recent appointment aimed at fulfilling a legal requirement, Gerald Nyaoma, the head of bank supervision at the Central Bank of Kenya (CBK), has been selected as the institution’s second deputy governor.
Equity Group’s Nine-Month Profit Hits Sh. 40.9 Billion, Driven by Regional Expansion
Equity Group Holdings reported a strong nine-month performance with a profit after tax of Sh. 40.9 billion, marking a 13 percent rise from Sh. 36.2 billion in the same period last year.
IPMAN and Dangote Refinery Agree on Direct Supply of Fuel Products
The Independent Petroleum Marketers Association of Nigeria (IPMAN) announced on Monday that it has reached an agreement with Dangote Refinery to obtain petroleum products directly, marking a major step toward stabilizing fuel supply and affordability across the country.
Bitcoin Surges Past $80K as Trump Pledges Crypto-Friendly Policies
Bitcoin has reached a record-breaking high, surpassing $80,000 following Donald Trump’s victory in the recent U.S. elections.
KRA Clarifies No Tax Relief on New SHIF Contributions Under Current Law
The Kenya Revenue Authority (KRA) has clarified that contributions to the Social Health Insurance Fund (SHIF), part of the new Social Health Authority (SHA), are not eligible for the 15% tax relief that previously applied to the National Hospital Insurance Fund (NHIF) contributions.
Dr. Bawumia Launches myCreditScore to Boost Credit Access for Ghanaians
Vice President and Presidential Candidate of the New Patriotic Party (NPP), Dr.
Safaricom Sees 18% Profit Drop as Ethiopian Currency Declines Sharply
Safaricom Plc reported a significant drop in profits for the half-year period, attributing the 17.7% decline to the sharp depreciation of the Ethiopian Birr, which eroded its earnings from Ethiopian operations.