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Fidelity Bank and Ecobank joined the list of Nigerian banks that have released plans raise capital, as more banks look to meet the 24-month deadline set by the Central Bank of Nigeria. 

Nigerian bank recapitalization drive picks up momentum 

Nigeria has secured an additional $925 million from the African Export Import Bank. 

Nigeria secures $925mn crude oil-backed loan from Afreximbank

Investors in Nigeria’s investment classes are on the sidelines anticipating a more hawkish stance by the monetary policy committee in a bid to tame rising inflation. 

Nigeria’s inflation risks keep investors on the sideline

Terje Osmundsen, the CEO of Empower New Energy says businesses in Africa can take advantage of the lower cost of solar power and make the switch to renewable energy now, stressing that the high cost of energy is impacting business profitability. 

Empower new energy plans over $100mn solar investment in Africa  

Analysts at S&P Global say they expect Cote d’Ivoire’s commodity exports to rise over the next two years despite seeing a drop in cocoa production. Samuel Mathey, President of FAFEDE joins CNBC Africa for this discussion.

Can commodities export spur Cote d’Ivoire’s growth?

Nigeria’s draft Accelerated Stabilization and Advancement Plan estimates that the 27 per cent shortfall in crude oil production may impact the country’s revenue target set in the 2024 budget. 

Will Nigeria achieve 100% revenue target in 2024?

With a current portfolio exceeding $12 billion in Africa and $60 billion invested in African businesses and financial institutions for nearly six decades, Managing Director of the International Finance Corporation Makhtar Diop is on a three-day visit

IFC’s Diop stresses private sector growth in Nigeria visit

Banking sector analysts say they do not expect the licence revocation of Heritage Bank to trigger any contagion risk within the banking sector as the bank’s financial challenges and regulatory breaches were specific to its own operations.

Will Heritage Bank liquidation trigger contagion risk?

Organised labour in Nigeria today suspended their industrial action for the next five days giving room for more deliberations with the National Tripartite Committee on minimum wage to reach a resolution. 

Can Nigeria afford labour’s minimum wage request?

The Management of Presco says it has reached a decision to propose the acquisition of a 100 per cent equity stake in Ghana Oil Palm Development Company. 

Presco moves to acquire 100% stake in Ghana Oil Palm Development Company

The Director General for Africa of the Federal Ministry for Economic Cooperation and Development, Birgit Pickel says making African countries more resilient remains an issue. 

Germany's €10mn commitment to boost resilience in horn of Africa 

Data from the April Industry report by the National Pension Commission shows total pension fund assets in mutual funds dipped by 19.93 per cent month-on-month to 85.19 billion naira in April this year. 

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