Shelter Afrique targets African diaspora’s $95.6bn in affordable housing
…Nigeria, Ghana, Kenya among highest recipients of inflows in Africa Pan African housing development financier, Shelter Afrique is targeting the African Diaspora to enhance affordable housing delivery across the continent. Speaking at the 25th Annual Harvard Africa Business Conference 2023…
Access Holdco to be powered by 7 strategic enablers—Wigwe
More facts have continued to emerge following the recent official flag off of the latest entrant to the nation’s holding corporation market. Otherwise, the new born in the African financial market, Access Corporation has opened up on seven key strategic…
Investors hoping Xi, Macron may get better business ties between China and EU
Global investors are “desperate for signs” that China’s Xi and France’s Macron can secure better business ties between China and the EU during the French President’s three-day visit to Beijing and Guangzhou. The assessment from Nigel Green, CEO of deVere…
LCCI counters CBN on rate, says hike won’t tame galloping inflation
The Director General of Lagos Chamber of Commerce and Industries (LCCI), Chinyere Almona has observed that the move by the Central Bank of Nigeria (CBN) by increasing the interest rate would not tame inflation and suggested that alternative instruments of…
Emefiele’s new notes missing as tattered, dirty old notes flood banks
Ever since the Central Bank of Nigeria (CBN) announced that its treasuries have been thrown open for commercial banks to empty for dispensing to customers, majority of notes in circulation had been tattered, dirty and patched old N1,000 notes. Investigations…
Weak progress in DDEP, eternal debt restructuring hitting back at Ghana economy
Negative sentiments dominated the Ghanaian macroeconomic space in Q1-23, exacerbated by the frequent delays with the Domestic Debt Exchange Programme (DDEP) and limited progress on the external debt restructuring negotiations. While on a positive note, the government eventually concluded the…
Ecobank deepens PBT by 13% to $540m in FY22
Leading pan-African financial institution, The Ecobank Group has reported growing its profit before tax (PBT) by 13 per cent to $540m in the 2022 financial year. This was disclosed in its audited results for the year ending December 31, 2022,…
Why China rejected Nigeria’s $22.8bn loan request
Fresh facts may have started to emerge on why the China-Exim Bank rejected the Federal Government’s $22.8bn loan request to build infrastructure. A development economist, Dr. Umoren Dada in an interview said part of the possible reasons why China refused…
Zenith Bank reports 8.2% y/y decline in EPS to NGN7.14
Zenith Bank Plc (ZENITHBANK) released its 2022FY audited numbers after the close of business Tuesday, in which the group reported an 8.2% y/y decline in EPS to NGN7.14 (2021FY: NGN7.78). The moderation in 2022FY earnings was triggered by higher impairment…
Ecobank introduces more enticing features on Mobile App
Leading Pan-African financial giant, Ecobank has beefed up security features alongside other enticing qualities that will appease the love of its customers on its banking App. In a message to its numerous customers since yesterday, the bank said “Our Mobile…
