Prominent Development Investment Institution, DLM Capital Group,has appointed Kari Tukur, as Director. Kari is the Vice President, Products, Mastercard Sub-Saharan Africa. For the past three years, she has led the product and implementation of Mastercard’s Sub Saharan Africa Core Products, and the Customer Solutions Centre for East and West Africa. Earlier, Kari was Country Head, […]
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20 best companies for workers in Nigeria, Kenya, Egypt and South Africa
Business Insider Africa presents the top five best companies for workers in Nigeria, Kenya, Egypt and South Africa. Note that the list is dominated by financial services companies, especially in Nigeria and South Africa. The list is courtesy of LinkedIn’s 2022 Top Companies Ranking. Earlier this week, LinkedIn released its 2022 Top Companies Ranking. The […]
Nigeria’s CBN Slams $2m Fines on Four Banks for Crypto Transactions
Central Bank of Nigeria (CBN) The Central Bank of Nigeria (CBN) has imposed monetary sanctions of N814.3 million (nearly $2 million) on four commercial banks in the country for permitting cryptocurrency transactions, Bloomberg reports. The sanctions come over a year after the apex monetary authority placed an implicit ban on cryptocurrencies in Africa’s largest democracy […]
CDC renamed British International Investment
UK development finance institution and impact investor CDC Group has formally renamed itself British International Investment (BII), with CE Nick O’Donohoe saying the organisation will build on the CDC’s legacy by inheriting its “unparalleled” experience of impact investing and deep-rooted knowledge of the markets in which it invests. “BII is a strong, modern identity, which […]
Financial stocks outperform others on GSE in first quarter 2022
Mr Afedzie, Managing Director of GSE The Ghana Stock Exchange Financial Stocks Index ( GSE-FSI ), which measures stocks of publicly-listed financial sector companies, has for the first time in five years outperformed the rest of the market, first-quarter data from the Exchange have shown. Compared to the benchmark market-wide Composite Index (GSE-CI), which lost […]
Nigeria’s central bank fines Access Bank, Stanbic IBTC and UBA $1.9 million for facilitating crypto transactions
CBN fines Access Bank, Stanbic IBTC and UBA $1.9 million for facilitating crypto transactions Access Bank Plc received the largest portion of the fine at $1.2 million, followed by Stanbic IBTC Bank and UBA. Recall that the CBN had earlier in 2021 ordered Nigerian banks to close down all the bank accounts linked to cryptocurrency […]
Asante Kotoko unveil new Volvo team bus at Manhyia [PHOTOS]
MAR 3, 2022 LISTEN The management of Ghana Premier League, Asante Kotoko, and representatives of Access Bank Ghana have presented the new team bus to Manhyia on Wednesday, March 2 at the Manhyia Palace. During a short ceremony at the Royal House, management led by CEO Nana Yaw Amponsah, along with Access Bank presented the […]
Ecobank Sees Slower Growth This Year on Weaker African Currencies
An Ecobank Transnational Inc. bank branch in Bangui, Central African Republic. Ecobank Transnational Inc , the pan-African lender with operations in 35 countries, foresees slower growth this year as a devaluation of local currencies pushes up its costs and make it more difficult for its clients to do businesses. The Togo-based lender predicts revenue growth […]
Access Bank to pay shareholders N35 billion total dividend
Access Bank Access Bank Plc will pay shareholders a total dividend of N35. 545 billion translating to N1 for every share of 50 kobo for the 2021 financial year, the firm said in a notice to the Nigerian Exchange Limited. Access Bank paid an interim dividend of N0.30 and will now pay a final dividend […]
Shareholders endorse Access new management structure, N35.5b dividend
Access Bank Shareholders of Access Bank Plc has endorsed the company’s board changes in furtherance to the completion of the scheme of arrangement between the bank and holders of its fully paid ordinary shares of 50 kobo each, resulting in the listing of Access Holdings Plc and related companies on the Nigerian Exchange Limited (NGX). […]