Category archives for: Banking & Finance

Nigeria’s Inflation Rate Falls Lower Than the Lending Rate for the First Time

April 13, 2018//-The Monetary Policy Committee (MPC) could cut lending rates in their next meeting for the first time in months in as economic variables continue to show improvement.

Oragroup Posts Impressive Financial Reports

Lomé, April 13, 2018//- Pan-African banking group Oragroup announced a strong performance for fiscal year 2017 at its annual general meeting (AGM) held in Lome, Togo, today.

Digicut Raises GH¢2.85M Ghana Alternative Market

Accra, April 11, 2018//-Digicut Production and Advertising has raised a total of 2.85 million Cedis on the Ghana Alternative Market (GAX).

Kenya’s Planned Sale of SOEs runs into Trouble

April 11, 2018//-Kenya’s plan to sell 26 state-owned enterprises (SOEs) to private investors has been delayed by bureaucracy in approval of the transactions by the executive and the proposed parastatal reforms, even as many of them continue to post poor performance.

NSE Lifts Suspension on Oando Plc Shares

April 11, 2018//-The Nigerian Stock Exchange (NSE) has lifted a technical suspension placed on Oando Plc shares.

MTN, Ecobank in Landmark Mobile Financial Services Pact

Lome, Togo, April 11, 2018/ — MTN has collaborated with Ecobank Transnational Incorporated (ETI)  to leverage each other’s assets that will ultimately offer more value to their respective customers across the African continent.

Briefly…on the Return of Market Bears, Rise of Bond Bulls

April 10, 2018//-The bears are back in force. According to the April QuickPoll, the Goldman Sachs Securities Division’s monthly survey of global clients on leading market drivers, negative market sentiment continued to climb amid worries over trade and volatility.

Nigeria Stocks Drop to 3-month Low after Buhari Eyes Re-election

Lagos, Nigeria, April 9, 2018//- – Nigerian stocks dropped to a three-month low after President Muhammadu Buhari said he would seek re-election in 2019, ending months of speculation about his future after bouts of ill health.

$1 Billion in Transactions Processed on Ecobank Mobile App

Lome, Togo, April 9, 2018/ — The groundbreaking Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion since its launch.  

KCB Pays Chief Executive Joshua Oigara $2.5 Million

April 9, 2018//-Kenya’s biggest bank by assets, KCB,   has set the pace in executive pay reporting with a comprehensive account of its directors’ remuneration, making it the first bank to comply with the new reporting demands.

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