KRA’s Dynamic Move: Real-Time Surveillance on Mobile Money Transactions for…
The Kenya Revenue Authority (KRA) has embarked on a groundbreaking initiative to closely monitor transactions…
Shilling’s Slide Spurs Currency Gains: Tier One Banks Record Substantial…
Tier one banks in Kenya have experienced a noteworthy surge in currency gains, amassing a total of Ksh 14.5…
Pyrethrum Power Surge: Kentegra Biotechnology Secures $15 Million Financing for…
Nairobi-based pyrethrum pioneer, Kentegra Biotechnology, is set to receive a significant boost with a financial…
NBK Reports Ksh 3.84 Billion Loss, Hit by Compensation Payout; KCB Evaluates…
National Bank of Kenya (NBK), a subsidiary of KCB Group, has announced a net loss of Ksh 3.84 billion for the…
Kenya Power Seeks Government’s Help to Convert Dollar Debt Amid Depreciating…
Kenya Power, the country's power distribution company, is actively seeking the assistance of the government to…
Central Bank of Kenya Gains Enhanced Powers to Vet Beneficial Owners and Regulate…
The Central Bank of Kenya (CBK) has been granted expanded authority to scrutinize not only directors and senior…
Access Bank Ghana Reports Strong Half-Year Financial Performance with 65.4% Growth…
Access Bank Ghana has announced robust financial results for the first half of 2023, reporting a significant…
UBA Partners with UNDP to Empower Youth and Women-led MSMEs in Ghana and Promote…
United Bank for Africa (UBA) Plc has entered into a Memorandum of Understanding (MoU) with the United Nations…
Boosting Export Trade: Nigerian Customs Service to Expedite Local…
The Free Trade Zones (FTZs) Committee, focused on reshaping Nigerian Customs Service (NCS) operations, has…
NCC’s Local Content Initiatives Bolster Telecom Sector: Ban on SIM Imports…
The Nigerian Communications Commission (NCC) has revealed that its strategic policies, particularly those focused…
Reviving Tax Amnesty Scheme and Renewed Hope: Nigeria’s Fiscal Policy…
The Federal Government has unveiled plans to reintroduce the national tax amnesty scheme, as revealed in a…
Rising Tide of Financial Fraud: Nigerian Banks Grapple with 24,232 Cases in H1…
Nigerian banks have been besieged by a surge in fraud incidents during the first half of 2023, totaling 24,232…
Manufacturing Sector Unemployment Crisis: A Deep Dive into Nigeria’s…
The Manufacturers Association of Nigeria (MAN) has revealed a concerning decline in the Current Employment…
Naira’s Decline to N910 Sparks P2P Dollar Rush Amid FX Reserves Concerns
In a dynamic market twist, the Nigerian Naira plummeted to as low as N910 against the dollar, later moderating to…
IHS Towers: Naira’s Rollercoaster Ride Costs $31 Million, Revenue Takes a…
The economic landscape takes a twist as IHS Towers, the world's fifth-largest independent TowerCo, reveals a $31…
Nvidia’s Explosive Q2 Earnings: A Whirlwind Ride in the Generative AI Gold…
Step into the world of generative AI as Nvidia's Q2 earnings soar beyond expectations, unveiling a gold mine in…
Chaos Unleashed: Shocking Revelation of an International Cyber-Crime Gang’s…
A court verdict exposes an 18-year-old from Oxford as a vital cog in a global cyber-crime syndicate responsible…
Rwandan Local Governments Crack Down on Illegal Mines
Efforts to curb the prevalence of illegal mining operations in Rwanda are intensifying as local government leaders…
KCB Group Records 20% Net Profit Decline in H1 2023, MarketNewsNG Reports
KCB Group, one of East Africa's leading financial institutions, has reported a 20% drop in net profit for the…
Safaricom Surpasses 5 Million Subscribers in Ethiopian Venture
Safaricom, the telecommunications giant, has achieved a milestone by surpassing five million subscribers in its…
ABCON Optimistic About Diaspora Remittances with BDC Integration
The Association of Bureau De Change Operators of Nigeria (ABCON) is confident that the Nigerian economy will…
CBN Disputes JP Morgan’s Estimate of Financial Accounts
The Central Bank of Nigeria (CBN) has responded to a recent financial estimate of its accounts by JP Morgan,…
FBN Holdings Shareholder Seeks Reversal of Court Order
An aggrieved shareholder of FBN Holdings has filed an application in a Federal High Court in Lagos, seeking to set…
Suspended CBN Governor Godwin Emefiele Pursues Plea Bargain in N6.69 Billion Fraud…
Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN), is reportedly pursuing a plea…
NGX Proposes Dollar-Denominated Bonds and Stocks to Ease Currency Access
The Nigerian Exchange Limited (NGX) has revealed plans to allow companies to list bonds denominated in dollars on…
Nigerian Equities Investors Cautious Amid Banking Stock Waiting Game
Investors in Nigeria's equities market are exhibiting reduced interest in banking stocks as they await the…
Marble Capital Introduces Marble Halal Fixed Income Fund for Risk-Averse Investors
Marble Capital Limited, a prominent ethical and Islamic Fund Manager in the Nigerian financial market, has…
LemFi Enters US Market with Innovative International Payment Services
LemFi, a prominent fintech company specializing in international payments, has officially launched its services in…
Founder of Collapsed Cryptocurrency Exchange Faces Challenges in Prison Ahead of…
Sam Bankman-Fried, the founder of the now-collapsed cryptocurrency exchange FTX, is reportedly facing difficulties…
Equinor’s Milestone Floating Wind Power Project Amidst Industry Challenges
Equinor, a leading energy company from Norway, has achieved a groundbreaking feat by unveiling the world's largest…