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A report by Agusto & Co. shows that Nigeria’s insurance Industry maintained its double-digit growth trend in 2023 as the estimated gross premium income exceeded the one trillion naira mark despite disruptions. 

Estimated gross premium income for Nigerian insurers exceeds ₦1trn mark in FY’23

The Group Managing Director and CEO of Zenith Bank, Ebenezer Onyeagwu says the bank is operating an intelligent, adaptable strategy which reflects in the triple digit growth. 

Zenith Bank CEO speaks on performance, digital enterprise framework

Inflationary pressures in Nigeria and Ghana climbed in March to 33.2 per cent and 25.8 per cent respectively, raising more concerns about the hawkish stance by the central banks of both countries. 

How Nigeria, Ghana can tame rising inflation

Ghana has failed to strike a deal with two bondholder groups to restructure $13 billion of international bonds amid indications from the International Monetary Fund that the deal would not fit its debt sustainability parameters. 

Ghana fails to reach debt deal with international bondholders

Some top Nigerian banks are eyeing the international and local capital markets to raise fresh capital in a bid to meet the recapitalisation exercise by the Central Bank of Nigeria. 

Nigerian banks race to meet recapitalisation move

The Roundtable on Sustainable Palm Oil says demand for sustainable palm oil is at the cusp of growth on the continent though Africa’s contribution to global palm oil production remains under 5 percent. 

Driving sustainable palm oil production in Africa

With Nigeria’s key lending rate at 24.75 per cent, developers in Nigeria’s real estate sector say the rate is fast impacting the growth of the industry. 

How developers are hedging against Nigeria’s higher rates

Investors at the Nigerian equities market are contending with the impact of the bank recapitalisation plans by the Central Bank of Nigeria as significant selling pressure was evident across tier-1 banking stocks.

Sell-pressure for bank stocks continue

Nigeria’s special investigation into the activities of the Central Bank of Nigeria during the tenure of Godwin Emefiele has been concluded. 

Nigeria concludes probe into CBN

With the start of the 24-months recapitalisation timeframe given to banks by the Central Bank of Nigeria, analysts say a major shake-up is expected as banks re-evaluate their position to meet the minimum paid up capital. 

How much impact will recapitalisation have on Nigerian banks?

The cost of structural damage from climate change is expected to reach about $400 billion by 2030. That's according to Mohammed Abdulrazaq, the Senior Vice President and Head of Capital Mobilization and Partnerships at the Africa Finance Corporation.

Tapping funding to reduce Africa's infrastructure deficit

Sanjeev Gupta, Africa Finance Corporation’s Executive Director for Financial Services, believes Africa’s development hinges on the ability to utilise its capital. 

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