September 28, 2023

Citadel Gears Up for Confrontation with SEC over WhatsApp Investigations

In a rapidly evolving situation, billionaire Ken Griffin’s hedge fund, Citadel, is preparing to take a more confrontational stance against the U.S. Securities and Exchange Commission (SEC) over an ongoing investigation related to WhatsApp messages. Highlights: As the digital age progresses, the lines between personal and professional communication have blurred, leading to regulatory challenges. This […]

September 28, 2023

Capitec’s Share Price Skyrockets Amid Declining Bad Loans.

In an era where financial turbulence seems to be the order of the day for many banking establishments, Capitec Bank Holdings, South Africa’s renowned mass-market lender, brings a fresh breeze of optimism. The bank recently announced a noticeable decline in its bad loans, signaling a remarkable turnaround in its financial health. Investors have been quick […]

September 27, 2023

Tony Elumelu & Richard Quest: Charting Africa’s Entrepreneurial Journey

Renowned Nigerian businessman, philanthropist, and the Chairman of Heirs Holdings, Tony Elumelu, recently sat down for a comprehensive interview with CNN’s Richard Quest, shedding light on various facets of his entrepreneurial journey and his vision for the African continent. Elumelu’s commitment to empowering African entrepreneurs and his unwavering belief in the continent’s potential were evident […]

September 22, 2023

Tony Elumelu Optimistic About the Naira’s Future with New CBN Leadership

Lagos, Nigeria – Tony Elumelu, a magnate name in Nigeria’s business sector and globally recognized entrepreneur, recently voiced his confidence regarding the forthcoming stability of the Nigerian naira. With the advent of new leadership at the Central Bank of Nigeria (CBN), Elumelu anticipates renewed trust in Nigeria’s currency and overall economic landscape. Highlights Tony Elumelu […]

September 22, 2023

Nigeria : Economic Tremors as Naira Hurtles Towards 1,000 to a Dollar

In a startling turn of events that has gripped the financial world, the Nigerian Naira is in free fall, spiraling close to a historic low of 1,000 Naira to one US Dollar in street trading. The impact of this currency devaluation reverberates not only in Nigeria but also in the global economy. Highlights A frenzy […]

September 15, 2023

Nigeria: Tinubu’s Vision for a Revamped Financial with Yemi Cardoso at the Forefront

In a move that has garnered significant attention both nationally and internationally, Nigerian President Bola Tinubu has nominated Yemi Cardoso as the new Governor for the Central Bank of Nigeria (CBN). This decision follows a series of measures taken by the president to reshape the country’s financial landscape since his inauguration. Highlights While the specifics […]

September 14, 2023

FirstRand’s Cautious Lending Approach Pays Off During Pandemic

In the wake of the COVID-19 pandemic, financial institutions worldwide faced unprecedented challenges. The economic downturn, coupled with the uncertainty of the pandemic’s duration, led to concerns about the potential surge in non-performing loans. Amidst this backdrop, FirstRand, one of South Africa’s prominent financial institutions, made a strategic decision that would set it apart from […]

September 14, 2023

Naira Hits All-Time Low Against Dollar

Lagos, September 14, 2023 – The Nigerian economy faces yet another hit as the naira’s value drops dramatically, touching an unprecedented N950 to a dollar, marking one of the most significant depreciations in its history. With forex scarcity continuing to aggravate, concerns are mounting over the potential repercussions on the nation’s economy. Highlights The ongoing […]