South Africa cuts interest rate to 7.5% as inflation rises
By Mary Adenike South Africa’s central bank on Thursday reduced its Monetary Policy Rate for a third straight meeting to
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From 76 to 36,000 vehicles: Uber-backed Moove boosts fleet with Kovi acquisition
By Joseph Olaoluwa Moove, an Uber-backed Nigerian startup that finances vehicles for ride-hailing drivers, has acquired Brazilian mobility company Kovi,
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FCMB’s full-year earnings rise to N108bn
By Mary Adenike The earnings of FCMB Group Plc, the parent company of First City Monument Bank, rose by 16
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Wema Bank’s annual profit more than doubles to N88.83bn
Wema Bank posted a profit after tax of N88.83 billion last year, up from N35.99 billion in 2023. Its customer
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[BREAKING] NCAA suspends Max Air after Tuesday incident
Achimugu said that Max Air’s return to the skies will be premised on the successful completion of this audit
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[BREAKING] Nigerian Breweries joins trillion-naira club as shares jump
Nigerian Breweries Plc, the country’s largest brewer, saw its market capitalisation hit the N1 trillion mark on Wednesday for the
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Access Bank set to host Africa Trade Conference in South Africa
Access Bank Plc is set to host its first-ever Africa Trade Conference (ATC), an event focused on advancing Africa’s economic
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TotalEnergies’ Nigeria downstream unit doubles profit as revenue tops N1trn
TotalEnergies Marketing Nigeria, a fuel marketing company, saw its profit for the 2024 financial year more than double as revenue
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EFCC, stock market regulator to strengthen fight against financial crimes
NGX Regulation Limited (NGX RegCo), the independent regulation subsidiary of Nigerian Exchange Group, and the Economic and Financial Crimes Commission
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Paint firm CAP reports 57% rise in annual profit
Chemical and Allied Products Plc, a Nigerian paints and coatings company, posted a profit before tax of N5.9 billion last
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