Tanzania’s President John Magufuli has ordered the country’s central bank not to bail out any struggling banks as East Africa’s third-largest economy tries to control rising bad debts in the sector. A spike in non-performing loans over the past two years has hit local bank profits and choked off new...
By - Montage Africa Media Felabration is an event held annually on the week of Fela’s birthday to celebrate him. This week long music festival which was conceived in 2008 by Fela’s eldest child Yeni Anikulapo Kuti is held at the New Afrika Shrine, Lagos and attracts visitors from different...
A former Governor of Lagos State, Bola Tinubu, has accused the ruling All Progressives Congress, APC, of perpetrating “injustice”, saying he would rather not hold the honorary title of “national leader” in such a party. “I would rather not have any title yet reside in a party that honours democracy...
Allan Gray Ltd., the largest manager of non-government investment funds in Africa, has increased its stake in Nigerian  Zenith and Access banks. The South African investor, based in Cape Town, is betting on Nigeria’s banking industry despite poor performances by the oil companies it depends on and widespread calls for...
Nigerian Army Lieutenant AC Oguntoye, was killed in Boko Hraram attack in Magumeri town, Borno State on Wednesday, March 15th. The militants ambushed him and his colleagues on their way to Gubio from a shooting range competition in Monguno. Read what he wrote after the cut... May his soul rest...