Bola Tinubu Appoints New Board and Management Team for NNPC Limited
President Bola Tinubu has appointed a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL), comprising…
Day: November 28, 2023
FEC Approves N27.5 Trillion for 2024 Appropriation Bill
President Bola Tinubu presided over the Federal Executive Council (FEC) meeting, where the approval of the sum of N27.5 trillion…
Zenith Bank Signs MoU with French Government to Establish Subsidiary in France
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French government to establish a subsidiary in France.…
High Development Costs Keep Many Marginal Fields in Nigeria Dormant
Several marginal oil fields in Nigeria remain undeveloped years after being awarded to companies due to the challenges posed by…
Delisting of Union Bank from NGX Results in N132bn Market Capitalization Loss
The delisting of Union Bank of Nigeria’s shares from the Nigerian Exchange Limited (NGX) led to a N132 billion loss…
Fintech Firm BFREE Explores Acquisition of Distressed Loan Portfolios from Union Bank
BFREE, a German-Nigerian fintech firm, has signed a Memorandum of Understanding (MoU) with Union Bank of Nigeria during the German-Nigerian…
Kenyan Tier-1 Banks Increase Loan-Loss Provisions by 45.8% in Q3 2023 Amid Operating Challenges
Summary: Eight tier-1 banks in Kenya, including Equity, KCB, and Stanbic, have collectively increased their loan-loss provisions by 45.8% to…
Court of Appeal Denies East Africa Portland Cement Relief, Upholds Attachment of Bank Accounts Over Sh1.3 Billion Debt
East Africa Portland Cement Company (EAPCC) has faced a setback as the Court of Appeal declined to lift an order…
President Ruto’s Administration Proposes Sale of 11 Parastatals Worth Over Sh200 Billion
President William Ruto’s administration is taking a significant step towards economic reform by proposing the sale of 11 parastatals with…
Treasury Introduces Regulatory Fee on Online Forex Brokers to Boost CMA Revenue
The Kenyan Treasury, led by Cabinet Secretary Njuguna Ndung’u, has implemented regulatory changes affecting online forex brokers, introducing an annual…
Bank of Ghana Maintains Monetary Policy Rate at 30% Amidst Inflation Deceleration
The Bank of Ghana (BoG) has announced the decision to maintain the monetary policy rate at 30%, marking the second…