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First Bank Nigeria Holdings Profit After Tax rose 129 per cent year-on-year to 362.2 billion naira in 2023. 

First Bank Nigeria Holdings PAT rises 129% y/y to ₦362.2bn in 2023

Data from Transparency International’s Corruption Perception Index shows that sub-Saharan Africa was the lowest scoring region.

Transparency International: SSA countries have a long way to go in fight against corruption

Following Senegal’s interest in participating under the Guided Trade Initiative, how is the country taking position for the African Continental Free Trade Area and play big on the continent’s regional integration efforts?

How Senegal is positioning for AfCFTA implementation

Analysts say Côte d’Ivoire’s successful raise of $2.6 billion in its first return to the international Eurobonds market after two years of absence. 

What’s fueling Africa’s re-entry into Eurobond market?

The Bank of Ghana's Monetary Policy Committee has made its first rate cut for this year slashing its policy rate by 100 basis points to 29 per cent as it hopes to sustain inflation slowdown. 

Ghana’s MPC cuts MPR by 100bps to 29%

Ayodele Oni, Partner at Bloomfield Law Practice joins CNBC Africa for more on this.

How ECOWAS crack may impact bloc’s power pool

The CEO of Africa50, Alain Ebobissé says the first close of the Africa50 Infrastructure Acceleration Fund worth $222.5 million serves as a vote of confidence in the ability to mobilize capital for African Infrastructure. 

Africa50 Infrastructure Acceleration Fund secures $222.5mn in 1st close

China is urging Iran to help rein in attacks on ships in the Red Sea by the Iran-backed Houthis. 

How Red Sea tension is impacting cocoa prices

The Governor of the Central Bank of Nigeria expect the country’s inflation will slow down to 21.4 per cent while stating the naira is currently undervalued and efforts are underway to expedite genuine price discovery in the near term. 

What's the fair value of the naira?

The World Bank says the disbursement of the $300 million Development Policy Financing for Ghana, the first in a series of three, has the objective of restoring fiscal sustainability as well as supporting financial sector stability and private sector 

How World Bank's $300mn will impact Ghana's fiscal stability

Cote D’Ivoire has sold its first dollar bonds in almost seven years with the issuance of two tranches of debt totaling $2.6 billion in an offering oversubscribed more than three times. 

Cote D’Ivoire issues $2.6bn Eurobonds

The Acting CEO of the Nigerian Exchange, Jude Chiemeka says the next phase of the African Exchange Linkage Project is around settlement and boosting liquidity. 

CBWA