KENYA’S Mobius Motors, a pioneer in creating affordable and rugged SUVs for Africa’s challenging roads, has announced it will cease operations due to severe financial diffThe company considered relocating its production facilities to another country. However, the logistical challenges of moving the assembly line from Nairobi proved too daunting, leading to …
Read More »
THE stock market experienced a bearish start to the month, shedding N235 billion in value amid cautious investor sentiment triggered by ongoing nationwide protest. Specifically, market capitalisation reduced to N55.278 trillion from an opening of N55.513 trillion, having shed N235 billion or 0.42 per cent from investors’ portfolios. The All-Share …
Read More »
Flutterwave, a leading payments technology company, has recently been granted a Payment Service Provider licence (Enhanced Category) by the Bank of Ghana. This significant milestone enables Flutterwave to offer a comprehensive suite of payment services directly within Ghana and enhance its operations across Africa. Ghana presents a promising market for …
Read More »
Africa’s fastest growing financial institution according to the Financial Times, Moniepoint Inc has underscored the importance of a collaborative and holistic stakeholder approach in advancing the future of financial and economic inclusion in Nigeria. In a recent high-level policy dialogue between the Nigerian government and private sector stakeholders held in Washington …
Read More »
THE Naira on Monday depreciated at the official market, trading at N1,577.29 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N13.49. This represents 0.86 per cent loss when compared …
Read More »
ACCESS Bank has announced plans to position its United Kingdom subsidiary, Access Bank UK, among the top 20 banks in the country, targeting an annual profit of $1 billion by 2027. This was announced by the Managing Director/Chief Executive Officer of Access Bank, Roosevelt Ogbonna, during the “Facts Behind the …
Read More »
VICE President of the Federal Republic of Nigeria, Senator Kashim Shettima, has restated the government’s unvarnished commitment to deepening economic and financial inclusion in line with President Bola Tinubu’s Renewed Hope Agenda, noting that financial inclusion is a core component and the government is making a lot of efforts to …
Read More »
The naira, on Monday, July 8, 2024, depreciated at the official market trading at N1,523.85 to the dollar. At the official market, the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira depreciated from the previous close of N1,509.67 to the dollar. NAFEM is the market trading segment for Investors, Exporters, …
Read More »
Chief Davidson Alaribe, the 60th President of the Institute of Chartered Accountants of Nigeria (ICAN), has urged accountants to uphold the profession’s principles while instilling innovation and integrity to help them navigate difficult times. https://newsextra24.com/israeli-generals-low-on-munitions-want-a-truce-in-gaza/ Alaribe made this statement during the investiture of Mr. Olugbenga Daniel Sholarin, FCA, as the …
Read More »
A former Information Technology (IT) officer at Globus Bank, Idris Babatunde Olayiwola, has dismissed as “baseless” and “untrue”, fraud allegations leveled against him by the bank. Olayiwola, in a statement he personally signed and which was released on his X handle, on Monday, said contrary to allegations by the bank, …
Read More »
