Nigeria’s FX Market Posts 757% Jump in Dollar Liquidity
Nigeria’s official foreign exchange market saw dollar liquidity surge more than eightfold this week to a record high of $12.85
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Money
Stanbic IBTC Hires Ex-Standard Bank Unit Head Nwokocha as GCEO
The Board of Stanbic IBTC Holdings Plc has announced the appointment of Chukwuma (Chuma) Nwokocha as the substantive group chief
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Ecobank Exits Mozambique As FDH Bank Takes Over Subsidiary
Ecobank Transnational Incorporated said on Friday that it had completed the sale of its stake in Ecobank Mozambique S.A. to
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GTBank’s Parent Posts 50% Profit Drop as Non-Core Income Falls
Guaranty Trust Holding Company, the parent company of GTBank, reported a 50 percent drop in its half-year profit as non-core
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Access Bank’s Parent Gets New GCEO as Bolaji Agbede Bows Out
Access Holdings has announced the appointment of Innocent Ike as the substantive Group Managing Director/Chief Executive Officer of the company,
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South Africa’s Nedbank Exits Ecobank as Bosquet Investments Buys Stake
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has confirmed the execution of a purchase agreement between
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CFO of FirstBank’s Parent FirstHoldCo Bows Out
First HoldCo Plc, the parent company of Nigeria’s oldest lender FirstBank, has announced the retirement of its chief financial officer
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UBA Begins Second Tranche of N400bn Capital Raise
United Bank for Africa Plc (UBA) launched on Wednesday its rights issue of 3,156,869,665 ordinary shares at N50.00 per share.
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Ecobank’s Half-Year Profit Rises 23% as Net Revenue Tops $1bn
Pan-African lender Ecobank Group reported a 23% year-on-year increase in its half-year profit before tax to $398 million. The cost-to-income
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Flutterwave Enters Egypt to Tap $32bn Diaspora Remittance Market
Flutterwave, an African payments technology company, has announced the launch of its remittance product ‘Send App’ in Egypt to enable
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