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Kenya has introduced a new law that prohibits microfinance companies from harassing loan defaulters
Flour Mills’ ₦105.2 billion buyout by Excelsior Shipping Company and its removal from the Nigerian Exchange has made the stock market smaller.
First Bank of Nigeria has reportedly laid off 100 of its senior staff. Leaders of the bank’s move to replace with new executives
First City Monument Bank Group has announced that it has raised 147.5 billion naira ($95.84 million) through a public offering of shares.
Access Bank, Nigeria’s largest by assets, plans to expand into Morocco, enhancing its global presence as part of a strategic global push
The Insurance Reform Bill, 2024, proposes up to ₦35 billion as capital requirement to run an insurance company in Nigeria
Zimbabwe has introduced a 10% tax on betting winnings, aiming to boost revenue while reshaping the gambling industry.
Access Bank surpasses ₦500 billion capital mark, leading the charge as Nigerian banks race to meet new regulatory standards.
Allianz Europe BV has announced its intent to increase its indirect shareholding in Sanlam Kenya Plc from 23.09% to 28%.
GCB Bank and VISA are hoping their new suite of premium cards, can boost cashless adoption in Ghana. But the data makes this a bit complicated.
In Nigeria, Kano State’s tax reforms target 2025 compliance, stricter enforcement, smoother systems, and better infrastructure for businesses.
A bill in Nigeria’s Senate seeking to ban the use of foreign currencies for salaries in the country has passed the First Reading.
Ethiopia’s parliament has passed an historic bill that allows foreign banks set up branches in the country.
Banks and other financial institutions will have to set up internal verification measures to filter suspected AML/CTF/CPF cases
The CBN has placed further cash withdrawal limits on bank agents’ transactions in a bid to tighten its cashless policy advancement.
Nigeria’s housing sector faces a crisis with empty estates and a lack of homes. Stakeholders advocate for tax relief to boost housing access.
Nigeria is turning a new page in its economic story. Once reliant on oil, the country is now leaning on taxes to fund its future. With a ₦19.4 trillion target for 2024, taxes have become the main source of revenue, supporting public services and driving growth. In the first nine months of 2024, foreign companies…
While states like Lagos stands to benefit from full vat retention, the shift could create serious challenges for others with less revenue
With new leadership in place, all eyes are on how Standard Alliance Insurance would navigate a recovery and regain a competitive edge
MTN to set up a bank for its financial services division, MoMo. Plans already underway to get a license once SARB gives green light