The International Monetary Fund (IMF) has forecasted that Sub-Saharan Africa’s economy will grow by 3.6 percent in 2024, with an increase to 4.2 percent in 2025. This projection was presented by Mr Abebe Aemro Selassie, Director of the IMF’s African Department, during the Regional ...

The Central Bank of Nigeria (CBN) announced on Monday the revocation of Heritage Bank Limited’s operating license with immediate effect. In a statement issued by Mrs. Hakama Sidi Ali, the CBN’s acting Director of Corporate Communications, the apex bank stated that the action was in line with ...

The Presidential Committee on Fiscal Policy and Tax Reforms says it has asked the federal government to adopt an exchange rate of N800 per dollar for customs import duty. Taiwo Oyedele, chairman of the committee, spoke on Thursday while engaging journalists on the activities of the tax panel ...

Moniepoint Inc. has announced it has been ranked by the Financial Times as Africa’s fastest-growing fintech. The world’s leading financial publication confirmed Moniepoint’s accolade in its annual ‘Africa’s Fastest Growing Companies’ survey, released mid May. It is the second consecutive ...

THE  Group Managing Director and Chief Executive Officer of United Bank for Africa Plc, Mr. Oliver Alawuba has said that the bank is very well capitalised with shareholders’ fund in excess of N2 trillion, but will in due course, raise the required component of capital in line with the Central ...