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Access Holdings Plc, Nigeria’s biggest banking group by assets, will pay $109.6m (₦179.1bn) to complete the acquisition of National Bank of Kenya (NBK) from KCB Group Plc, according to its latest financial report.
Access Holdings reported a 23.3% decline in after tax profit to ₦215.9bn ($139.1m) in the first half of 2025, from ₦281.3bn ($187.2m) a year earlier, according to its half-year financial statement released on Friday.
Nigeria, South Africa, Mozambique and Burkina Faso have exited the FATF grey list, marking a breakthrough for Africa’s financial credibility and a reset in the continent’s risk premium.
Of the $382.3bn disbursed across the economy, oil took 35.7% — more than the combined allocations to five key non-oil sectors, according to data from the central bank
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Figures from the Bank of Mozambique show reserves rose by 1.25% month-on-month from $3.99bn in July, covering more than three months of estimated import needs for goods and services.
Across the continent, currency weakness has continued to shape inflation dynamics, import costs, and investor sentiment. For instance, a weaker naira increases import bills and inflationary pressures while signaling economic fragility and lower investor confidence.
The National Pension Commission (PenCom) in September announced that the new regulation applies to Nigerians living and working abroad, as well as employees of foreign companies and international organisations in Nigeria not covered by the Pension Reform Act (PRA) of 2014.
The average cost of preparing a pot of jollof rice for a Ghanaian family of five rose in September 2025, despite the country being among Africa’s five strongest currencies that month, according to a new jollof Index.
