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Day: October 11, 2022

51% of Finibanco Angola S.A. is purchased by Access Bank.
Banking

51% of Finibanco Angola S.A. is purchased by Access Bank.

According to the bank’s company secretary, Access Holding Plc’s subsidiary, Access Corporation, completed the deal before announcing that Access Holding…

byakintundeOctober 11, 2022February 8, 2023
After US Interest Rate Increases, Safaricom’s Valuation Falls Below Sh1trillion – Kenya.
Business

After US Interest Rate Increases, Safaricom’s Valuation Falls Below Sh1trillion – Kenya.

Due to the exodus of foreign investors following rate increases in the US, Safaricom’s valuation at the Nairobi Stock Exchange…

byakintundeOctober 11, 2022October 11, 2022
The Mining Industry Contributes 7.3% of Tanzania’s GDP.
Africa

The Mining Industry Contributes 7.3% of Tanzania’s GDP.

The mining sector’s contribution to the GDP climbed to 7.3% last year from 4. 8% in 2018, getting closer to…

byakintundeOctober 11, 2022October 11, 2022
In Just One Week, Airtel Africa’s Market Value Declines by N752 billion.
BusinessMarket

In Just One Week, Airtel Africa’s Market Value Declines by N752 billion.

Following persistent sell pressure on the equity, Airtel Africa Plc, one of the largest telecom companies listed on the Nigerian…

byakintundeOctober 11, 2022October 11, 2022
Construction Sector Leadership Award Goes to Julius Berger for the Seventh Time in a Row.
BusinessMarket

Construction Sector Leadership Award Goes to Julius Berger for the Seventh Time in a Row.

Julius Berger Nigeria Plc, ostensibly the most innovative and reputable engineering construction company in the nation, has triumphantly taken home…

byakintundeOctober 11, 2022October 11, 2022
Ghana’s Cedi Dropped 72% in Ten Months.
Currency

Ghana’s Cedi Dropped 72% in Ten Months.

Since the beginning of the year, the Ghanaian cedi has lost 72% of its value relative to the US dollar.…

byakintundeOctober 11, 2022October 11, 2022
Nigerian Non-oil Exports Reach $2.6 billion in Six months
Local

Nigerian Non-oil Exports Reach $2.6 billion in Six months

According to Dr. Ezra Yakusak, Chief Executive Officer of the Nigerian Export Promotion Council, Nigeria’s non-oil export sector generated $2.…

byakintundeOctober 11, 2022October 11, 2022
CBN Loans to Nigerian FG Hits N22trillion.
Local

CBN Loans to Nigerian FG Hits N22trillion.

In August 2022, the Federal Government obtained a N1. 46 trillion loan through Ways and Means Advances from the Central…

byakintundeOctober 11, 2022October 11, 2022
76 People have Died as A Result of The Boat Capsize Catastrophe in Nigeria.
Local

76 People have Died as A Result of The Boat Capsize Catastrophe in Nigeria.

The president said that there have now been 76 fatalities; as a result of a boat accident in the state…

byakintundeOctober 11, 2022October 11, 2022

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