FCMB forecasts $141.83 million revenue for Q1 2025, targets $19.56 million profit
The bank targets diversified revenue growth, strong cash inflow, and operational efficiency in its Q1 2025 outlook.
Central and West Africa
Meet Mitchell Elegbe: The visionary behind Interswitch, driving Africa’s digital payment revolution
From engineering graduate to fintech pioneer, Elegbe's transformative leadership has redefined digital payments in Africa.
Oando boosts oil production by 50 percent after $783-million Nigerian Agip Oil acquisition
Acquisition of NAOC strengthens Oando’s position as a major player in Nigeria’s energy sector.
BUA Group partners with Starlinger for packaging production facility with six hundred million-bag capacity
BUA Group strengthens control over production and supply chain with new facility for polypropylene packaging.
Chevron’s $1-billion annual investment drives growth in Nigeria’s oil sector
Chevron’s $1 billion annual investment in local suppliers is central to Nigeria’s oil sector growth, driving innovation and partnerships for sustainable development.
FCMB Group reports $51.4-million profit, driven by strong revenue growth
FCMB Group posts a 68-percent increase in profit after tax for Q3 2024, fueled by robust growth in interest income, fee-based income, and strategic cost control.
ASR Africa begins construction of $147,691 corrosion research center at FUPRE
ASR Africa begins construction of a $147,691 corrosion research center at FUPRE, enhancing Nigeria’s oil and gas sector with cutting-edge research and industry collaboration.
Zenith Bank opens Paris branch to boost expansion into Francophone Africa
Zenith Bank opens its new Paris branch, marking a major step in expanding into Francophone Africa and strengthening trade ties between Africa and France.
Airtel Nigeria names Dinesh Balsingh as new CEO
Airtel Nigeria appoints Dinesh Balsingh as its new CEO, bringing over 20 years of experience to lead the company’s next phase of growth and innovation.
Springfield E&P successfully completes Afina well appraisal, confirming high production potential
Springfield E&P’s successful Afina well appraisal confirms high production potential, paving the way for further commercial development in Ghana’s deep-water oil fields.
Fidelity Bank CEO acquires $141,794 in shares, signals confidence in future growth
Nneka Onyeali-Ikpe, CEO of Fidelity Bank, invests N239.4 million ($141,794) in the bank’s shares, reinforcing her belief in the institution’s strong financial performance and growth potential.
Access Bank denies missing $296,093, reaffirms commitment to ethical banking standards
Access Bank responds to viral allegations of missing funds, assuring customers and stakeholders of its continued adherence to ethical practices and financial transparency.
Wema Bank strengthens leadership with key executive appointments
Ajimisinmi and Bakare to drive strategic growth and innovation.
Jospong Group secures $400-million Afreximbank funding for waste management and rice production across Africa
Jospong Group partners with Afreximbank to drive waste management reforms in Nigeria and expand rice production in Ghana.
UBA launches $144.2-million rights issue to boost capital and expansion
United Bank for Africa’s rights issue aims to strengthen regulatory compliance and accelerate its pan-African growth strategy.