Agusto & Co Upgrades Odu’a Investment Rating to A+

Agusto & Co, a leading Pan-African credit rating agency, has upgraded the rating of Odu’a Investment Company Ltd. (OICL) from "A" to "A+" in its latest review.

Flutterwave Hires Former Citi Executive Mitesh Popat as Chief Financial Officer

Flutterwave, a leading force in the African payments sector, has appointed Mitesh Popat as its new Chief Financial Officer (CFO), following a nine-month search after the departure of former CFO Oneal Bhambani.

BMW and Toyota Partner to Launch Hydrogen-Powered Cars by 2028

BMW has announced plans to begin commercial production of hydrogen-powered vehicles by 2028, as part of a joint effort with Toyota to establish hydrogen technology as an alternative to battery-electric cars. The German automaker will develop a new generation of fuel-cell powertrains in collaboration with Toyota, with a hydrogen variant of an existing BMW model set to debut that year.

MTN Opens Investigation Into Favoritism Allegations Against CEO Ralph Mupita

MTN Group is investigating allegations of favoritism involving its CEO, Ralph Mupita. According to a report by the Sunday Times on September 1, several executives have threatened to resign, accusing Mupita of showing preferential treatment to a female executive. The newspaper cited unnamed sources.

Dangote and MTN Lead as Top Brands in Nigeria’s 2024 Ranking

Dangote Industries Limited has been named Nigeria’s 'Most Valuable Brand' for 2024, achieving an impressive 89.6 percent on the brand strength measurement index (BSM) in the annual ranking by ‘Top 50 Brands Nigeria’. This marks the seventh consecutive year that Dangote has secured this top position.

Tinubu Appoints Dr. Mansur Muhtar as Chairman of Bank of Industry, Announces New Board Members

President Bola Tinubu has appointed Dr. Mansur Muhtar as the Chairman of the Bank of Industry Limited, along with a new board comprised of distinguished professionals. This announcement was made by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity.

LG Electronics South Africa Unveils Online Store, Revolutionizes Local Tech Shopping

LG Electronics South Africa has launched its much-anticipated online store, marking a significant shift in how South Africans will shop for their favourite technology products. This launch is more than just the debut of an e-commerce platform—it's a strategic move that redefines the digital retail landscape and represents a new milestone in LG’s journey in South Africa, according to Mr. Jinkook Kang, Subsidiary President at LG Electronics South Africa.

Bill Gates to Engage Nigerian Leaders and Innovators, Drive Health Advancements and Nutritional Solutions in Africa

Bill Gates, co-chair of the Bill & Melinda Gates Foundation, is visiting Nigeria as part of the foundation's ongoing dedication to fostering Africa's development. During the visit, Gates will meet with national and local leaders, key partners, grantees, and innovators.

Ecobank Uganda Joins Forces with Ria Money Transfer to Boost Remittance Services

Ecobank Uganda Limited has entered into a strategic partnership with Ria Money Transfer, a leading global provider of cross-border remittance services. The collaboration aims to enhance remittance options across Uganda, enabling customers to receive funds directly into their Ecobank accounts. 

ECOWAS Reconsiders Single Currency Initiative Amidst Ongoing Challenges

The Economic Community of West African States (ECOWAS) is re-evaluating its single currency project, the ECO, after years of difficulties in bringing the plan to fruition.

Nigeria’s Tier-1 Banks See Market Value Surge to N4.81 Trillion Amid Mixed Trading

Nigeria’s leading Tier-1 banks have seen their combined market value rise to N4.81 trillion on the stock market, driven by increased investor interest in Zenith Bank, UBA, and FBN Holdings Plc, according to recent data from the Nigerian Exchange.

Nigeria’s SEC Grants Provisional Licenses to Crypto Exchanges Quidax and Busha

The Nigerian Securities and Exchange Commission (SEC) has made a significant move in the regulation of digital assets by issuing provisional licenses to two cryptocurrency exchanges, Quidax and Busha. This development follows the SEC’s recent announcement of its plan to begin issuing its first set of cryptocurrency licenses.

Fidelity Bank Partners with Mastercard to Launch Enhanced Cross-Border Payment Solution in Nigeria

...Offer Near-Real-Time Funds Transfers to Over 60 Countries 

Fidelity Bank Plc, a leading financial institution in Nigeria, has teamed up with Mastercard to introduce Fidelity Send, a cutting-edge cross-border payment solution. This new service is designed to provide individuals and businesses in Nigeria with faster, more reliable, and cost-effective international transactions, leveraging Mastercard’s extensive global network.