Access Bank to Acquire Standard Chartered’s Sub-Saharan Subsidiaries
Access Bank Plc has recently entered into an agreement to purchase the sub-Saharan subsidiaries of Standard Chartered Bank. As part…
Day: July 14, 2023
Rising Government Borrowing Pushes up Loan Costs for Kenyan Households and Businesses
The Kenyan government’s increasing reliance on more expensive domestic loans has resulted in higher interest rates for households and businesses.…
Improved Liquidity in Kenyan Market Lowers Interbank Rates
The interbank rate in Kenya has dropped from double-digit levels to 8.62 percent, following improved liquidity in the market. This…
Ghanaian Government Plans to Dispose of 17 Defunct State-Owned Enterprises
The Ministry of Public Enterprises in Ghana has announced plans to dispose of 17 defunct state-owned enterprises, including the State…
Nigerian Power Distribution Companies Apply for Tariff Review
The Federal Government has announced that the 11 power distribution companies (Discos) in Nigeria have submitted applications for the review…
Nigeria’s Crude Oil Earnings Rise to N1.68tn in June as Output Increases
Nigeria’s crude oil earnings reached over N1.68tn in June 2023 due to an increase in the country’s oil output, according…
Central Bank of Nigeria Directs IMTOs to Pay Out Using I&E Window Rate
The Central Bank of Nigeria (CBN) has issued a directive requiring International Money Transfer Operators (IMTOs) to pay out proceeds…
Central Bank of Nigeria Upgrades eNaira App with NFC Technology
The Central Bank of Nigeria (CBN) has enhanced its eNaira app by integrating Near Field Communication (NFC) technology, making it…
Declining Foreign Investments Pose Challenges for Nigeria’s Manufacturing Sector
Foreign investments in Nigeria’s manufacturing sector witnessed a significant drop of 35% from $392.5 million in Q4 2022 to $256…
Access Bank Completes Acquisition of Majority Stake in Finibanco Angola S.A.”
Access Bank Plc, the flagship subsidiary of Access Holdings, has successfully completed its acquisition of a majority equity stake in…
Dangote Cement Expands Production Capacity in Itori, Ogun State, and Across Africa
Dangote Cement has announced its plans to expand production capacity through the construction of a new integrated cement plant in…