Nigeria’s central bank says country’s lenders have strong capital buffers
CBN logo Nigeria’s banks have very strong capital buffers to weather the country’s economic crisis, the central bank’s director of banking supervision said on Wednesday. Tokunbo Martins, speaking at...
View ArticleAfDB approves 570 Million Rands Loan to Finance Affordable Housing in South...
AfDB logo The Board of Directors of the African Development Bank Group (AfDB) has approved a Senior Loan of ZAR 570 million to South Africa’s Housing Investment Partners Trust 2 -HIP2), also known as...
View ArticleOld Mutual tipped to sell UK operations for £4 billion
In what could be a further sign of consolidation in the life insurance and wealth management industries, South African insurance giant Old Mutual is being tipped to sell its UK operations, Old Mutual...
View ArticleDangote rejects accusations of threatening Ghana’s cement industry
Dangote Cement Cement manufacturing company Dangote has rejected accusations leveled against it by some local operators that its activities in Ghana are threatening the entire cement industry. The...
View ArticleFrancophones Disregard ECOWAS Brown Card Issued In Ghana
The Ghana Haulage Transport Association has accused some Francophone countries in the West Africa sub-region of constantly harassing and showing very little respect for the ECOWAS Brown Card...
View ArticleIMF Managing Director Christine Lagarde Congratulates Antonio Guterres on...
Christine Lagarde, MD IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today: “I would like to express mywholehearted...
View ArticleNSE Propose Amendments to Rulebook 2015 on Order Handling & Best Execution Rules
NSE logo Introduction The Exchange is proposing amendments to the Rulebook of The Exchange, 2015 (“Rulebook”) (Dealing Members’ Rules) by introducing the Order Handling and Best Execution Rules....
View ArticleNigeria central bank on edge as 500-per-dollar looms on naira black market
CBN logo Oct 13 When around 100 Nigerian youths staged a protest calling on Central Bank Governor Godwin Emefiele to resign over the slide in the naira, bank officials were keen to play it...
View ArticleUber booms in Nigeria, eyes expansion to French-speaking West Africa
Ride-hailing company Uber [UBER.UL] has offered over a million trips in Nigeria two years after it started there and is eyeing expansion to a French-speaking West African country next, its West African...
View ArticleWorld Federation of Exchanges publishes report into Emerging Market liquidity...
WFE logo The World Federation of Exchanges (“WFE”), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published a report into growing liquidity in...
View ArticleFirstBank Now the Sole FX Dealer to BDCs
FBN logo The Central Bank of Nigeria (CBN) has announced First Bank of Nigeria Limited the sole authorised dealer for foreign exchange proceedsto licencedBureau de Change (BDC) operators in...
View ArticleWill Oil Production Cut Rebalance the Nigerian Economy?
The major highlights of the Monthly Economic and Financial Market Outlook report are: The Organisation of Petroleum Exporting Countries (OPEC) have agreed with some non-OPEC countries to boost oil...
View ArticleInsurance rebranding project Takes Off first quarter 2017
Mrs Ebelechukwu Nwanchuku (2nd left) and other committee members at the event. In a bid to reposition the Nigeria insurance industry, operators has given first quarter 2017 sdeadline for the takeoff...
View ArticleChibok Girls Freedom is Worthy of Celebration- TUC
The news of the release of 21 Chibok Girls who were abducted by the Boko Haram Sect at Government Secondary School, Chibok on April 14, 2014 is worthy of celebration; and we expect everybody...
View ArticleIMF Executive Board Names Charles Collyns as Director of the IEO
IMF logo The Executive Board of the International Monetary Fund (IMF) has selected Mr. Charles Collyns as Director of the Independent Evaluation Office of the IMF. He will succeed Mr. Moíses Schwartz...
View ArticleRECESSION: LEADERS MUST RISE ABOVE PERSONAL INTERESTS, DIFFERENCES – AMBODE
Gov Akinwunmi Ambode …Says Fairness, Equity, Obedience To Rule Of Law Key To Good Governance Lagos State Governor, Mr. Akinwunmi Ambode on Friday said that Nigeria’s present economic...
View ArticleMastercard Commits to Action at White House Summit on Refugees
MasterCard logo More than 65 million people around the world have been forced from their homes by conflict and persecution. Their need for assistance is great, and a crisis of this scale requires...
View ArticleEconomic Outlook – A Quarter of Drifting Ahead
No recovery of note before 2018 We see the economy contracting by -1.7% y/y in Q3 and flattish in the fourth quarter. For the full year we expect a rate of -1.0% y/y, and very modest growth for 2017....
View ArticleFirstBank Presents ‘Food is Art’
FBN logo …Showcasing the Business of Food Food is an essential part of our lives, which is why the way it is grown, processed, transported and consumed is worth understanding and improving. The...
View ArticleAccess Bank Plc Raises US$300 million Eurobond
Access Bank Plc Earlier today, Bloomberg reported that Access Bank PLC (ACCESS) successfully raised US$300 million via an Eurobond maturing in October 2021, at a yield of 10.75%. This news...
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