cbwa

MTN Nigeria says it has completed the allotment of about 4 million incentive shares to over 120, 300 investors who participated in the December 2021 to January 2022 offer.

MTN Nigeria completes allotment of 4mn incentive shares

Ghana’s President Nana Akufo-Addo says the country is on course to receive executive board approval for a $3 billion IMF bailout by the end of this month. 

Ghana eyes executive board approval for $3bn IMF bailout

The Ghana Stock Exchange has been mostly in the red this year with the Year-to-date Performance at 1.2 per cent. 

How Ghana's macro uncertainties impacts equities

The Nigerian National Petroleum Company and its non-operating joint venture partners have appointed NNPC Eighteen Operating Limited as the new operator of OML 18 to replace Eroton in a bid to halt the degradation of the asset. 

Nigeria moves to revamp oil & gas assets

Nigeria's President Muhammadu Buhari is urging developed countries to to grant duty-free and quota-free market access for products originating from least developed countries.

Nigeria calls for duty-free market access for LDCs

President of Ghana, Nana Akufo Addo says he hopes to restore the country's economy to the levels before the COVID-19 pandemic and the Russia-Ukraine war within the next 22 months. 

Ghana president commits to restore economy to pre-Covid levels

The Nigerian Exchange and the Pan-African Payment Settlement System have signed a Memorandum of Understanding to support cross-border payments across capital markets in Africa.

Improving Africa capital markets payment ecosystem

The supreme court has invalidated the naira redesign policy introduced by the Central Bank of Nigeria while also affirming that the old 200, 500 and 1000 notes remain legal tender until December 31, 2023. 

Supreme Court invalidates CBN's naira redesign policy

Data by the International Monetary Fund shows that only 24 per cent of loans collected by farmers under the anchor borrowers’ programme of the Central Bank of Nigeria has been repaid.

IMF: 76% of CBN loans to farmers unpaid 

Findings by YIAGA Africa has shown that despite several reforms in Nigeria’s electoral processes, public confidence in the ability of the Independent National Electoral Commission to conduct a hitch-free election has remained low.

YIAGA: Reforms fail to inspire confidence in INEC 

Bond Investors are seeking means to plug idle funds given the abundance of liquidity, thereby yielding demand in the bond market. Traders at UBA anticipate demand to persist. 

Liquidity drives investors to plug idle funds

Ghana's finance ministry says it is set to resume payments of coupons and principals of old bonds on the 13th of this month following the conclusion of the country’s domestic debt exchange programme.

CBWA