Financial Services
Revolut Valued at $115 Billion as Digital Bank Takes Aim at Europe’s Banking Giants
Revolut has reached a $115 billion valuation, making the London-based fintech Europe’s most valuable startup and placing it above established banking groups such...
NGX Market Capitalisation Rises by N1.498trn as Equities Extend Gains
Nigeria’s equities market extended its upward trend last week, with the market capitalisation of listed companies increasing by N1.498 trillion to N163.655 trillion....
Egypt’s NBE Wins Preliminary Approval to Acquire Banque Misr’s UAE Operations
Egypt’s National Bank of Egypt (NBE) has received preliminary approval from the United Arab Emirates central bank to acquire Banque Misr’s branches in...
Firm Promotes Insurance as a Key Pillar of Financial Security
A financial services firm has highlighted the importance of insurance in protecting individuals and businesses from financial shocks and strengthening long-term financial security....
Jersey’s Finance Boom Transforms Island as Living Costs Rise
Jersey’s transformation into a major offshore financial centre has brought enormous wealth to the small Channel Island, but it has also contributed to...
Femi Otedola’s Fortune Reaches Record $2bn as First HoldCo Shares Surge
Nigerian billionaire businessman Femi Otedola’s estimated net worth has reached $2 billion for the first time, driven largely by the sharp increase in...
HSBC Ends School Fee Benefit for New Hong Kong Bankers
HSBC has withdrawn a long-standing school-fee subsidy for new senior hires and employees transferring to Hong Kong, ending one of the bank’s most...
Sanusi Admits Delaying Telcos’ Entry Slowed Financial Inclusion.
The Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has admitted that delaying the entry...
