Deutsche Bank has adopted a more positive outlook on the Nigerian naira, adding the currency to its frontier foreign exchange watchlist as the bank sees potential for further gains against the US dollar. In a client note published on Monday, October 19, 2026, strategists at the German bank described the naira as undervalued and pointed … Read more
South Africa is preparing to overhaul its ATM network, with the South African Reserve Bank (SARB) proposing a shared system that could make small cash withdrawals, deposits and balance enquiries free below a specified transaction limit. The plan would move the country’s more than 30,000 automated teller machines (ATMs) towards a shared, unbranded network that … Read more
Onafriq, the pan-African payments company that operates Baxi in Nigeria, has announced plans to wind down its agent banking business, marking a major change for merchants and POS agents using the platform. The company disclosed the decision on Friday, October 16, 2026, citing rising operating costs, naira depreciation, inflation and growing competition in Nigeria’s payment … Read more
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has made progress towards a potential stock market listing after completing a baseline assessment of its readiness and beginning work to address governance and financial reporting gaps identified by its advisers. NNPC Group Chief Executive Officer, Bayo Bashir Ojulari, disclosed the development in an interview with Bloomberg … Read more
Aliko Dangote, President of Dangote Industries Limited, has said investors applying for ₦50,000 or less in the Dangote Petroleum Refinery initial public offering (IPO) will receive priority consideration during the share-allocation process. Dangote made the announcement during the final leg of the refinery’s nationwide IPO roadshow in Port Harcourt, Rivers State, on October 14, 2026. … Read more
Dangote Petroleum Refinery and Petrochemicals has extended the closing date of its ₦2.15 trillion initial public offering (IPO) by two weeks, giving investors in Nigeria and other African countries more time to apply for shares in the refinery. The offer, which opened on September 14 and was originally scheduled to close on October 13, will … Read more
South African retail giant Pepkor is facing questions from some directors and investors over its R21.3 billion ($1.3 billion) plan to combine its Flash fintech business with payments company Shop2Shop, after concerns emerged about the lack of a shareholder vote and the financial interest of its chief executive, Pieter Erasmus. The transaction, announced in July, … Read more
Greenwich Bank Limited has officially commenced commercial banking operations in Nigeria after over 30 years as a leading investment and merchant bank. The bank received approval from the Central Bank of Nigeria (CBN) in August 2026 to operate as a regional commercial bank, transitioning from Greenwich Merchant Bank. It started as Greenwich Trust Limited in … Read more
If you are looking for the Greenwich Bank USSD code to check your account balance, transfer money, buy airtime or carry out other banking transactions, Greenwich Bank does not have a USSD banking code yet. This means you cannot use a confirmed Greenwich Bank USSD code to perform these transactions at the moment. Once the … Read more
A Director in the Federal Ministry of Finance, Ali Mohammed, has told the Federal Capital Territory High Court sitting in Maitama, Abuja, that the ministry was not aware of the withdrawal of ₦124.86 billion from the Central Bank of Nigeria (CBN). Mohammed gave the evidence on Tuesday, October 6, 2026, while testifying as the prosecution’s … Read more