Business
BPI Agrees $451 Million Sale, Will Exit Angola After 30 Years
BPI agreed on September 3 to sell its remaining 33.35% in BFA to CFSA for nearly $451 million, pending Angolan regulatory approval.
Kenya Overtakes Nigeria In M&A Value, Nedbank Secures 66% Of NCBA
Kenya climbed to the top of Africa's M&A value rankings as deal totals hit $1.44 billion; Nedbank won approval to acquire 66 percent of NCBA.
US To Cut Off Banque Misr's UAE Branches Over Iran Ties
The US Treasury will remove Banque Misr's United Arab Emirates operations from the US financial system, an official said.
Court Freezes 69 Accounts Over Alleged N1.39bn eTranzact Fraud
A Federal High Court in Abuja has ordered 12 banks and six fintech platforms to place post-no-debit restrictions on about 69 accounts linked to alleged unauthorised transactions on eTranzact’s payment ecosystem.
GTCO Interest Income Climbs 506% Since 2020 as GTBank Raises Card Limit
GTCO’s Q1 interest income reached N467bn, while GTBank doubled the international spending limit on eligible naira cards to $40,000 per quarter.
Bank Of England Decisions Shape Your Money, Dearbail Jordan Explains
BBC business reporter Dearbail Jordan reports from inside the Bank of England and offers a quick guide to interest rates.