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<p>CNBC Africa brings you highlights of the Stanbic IBTC Gas and Infrastructure Conference held in Lagos, Nigeria.</p>


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Focus On: Stanbic IBTC Gas & Infrastructure Conference

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<p>The African-China Agent Proposition looks to help African importers of Chinese Goods scale trade hurdles such as language barriers, payment terms of trade and bridge the trust gap between Chinese suppliers and the African importers. Ralph Deng, GM of Zhenjiang International Trading Supply Chain and Ayodele Ojosipe, Head of Enterprise Banking and Trade Finance at Stanbic IBTC Bank spoke to CNBC Africa on the initiative and what it will mean for Africa-China trade relations.</p>


Understanding the African-China agent proposition

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<p>Stanbic IBTC was one of the financial advisers in the listing by introduction MTN Nigeria on the Nigerian Stock Exchange. Funso Akere, Chief Executive at Stanbic IBTC Capital joined CNBC Africa’s Esther Awoniyi on the floor of the exchange to share some insight on the process.</p>


Stanbic IBTC’s Funso Akere speaks on MTN Nigeria listing

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<p>Stanbic IBTC says April PMI came in at 55.5 percent showing signs that the recent soft patch in the Nigerian private sector may have come to an end in April as business conditions improved to the greatest extent since late last year. Gbolahan Taiwo, Regional Economist for West Africa at Stanbic IBTC joins CNBC Africa to discuss the details.</p>


Stanbic IBTC’s April headline PMI at 55.5

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<p>Exactly two years after the Central Bank of Nigeria introduced the Investors and Exporters Window; experts say it has helped to improve foreign exchange liquidity, with about $50 billion dollars cumulative transactions carried out on the platform as at March 2019. CNBC Africa&#8217;s Kenneth Igbomor spoke to Jesuseun Fatoyinbo, Head of Trade Transactional Products and Services at Stanbic IBTC to discuss how the improved foreign exchange liquidity situation has impacted trade finance.</p>


Expert commends CBN’s forex intervention

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<p>As Nigerian manufacturers seek to make better headway into China, we find out how the currency swap agreement between Nigeria and China has fared since its introduction last year. CNBC Africa&#8217;s Kenneth Igbomor discussed this and more with Ayodele Ojosipe, Head of Enterprise Banking and Trade Finance at Stanbic IBTC.</p>


Nigeria, China currency swap deal: Progress made so far

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<p>Stanbic IBTC reading placed Nigeria’s headline PMI at 53.3 in February, signalling slower growth of the private sector.  Gbolahan Taiwo, Regional Economist, West Africa at Stanbic IBTC joins CNBC Africa to discuss the details.</p>


Stanbic IBTC’s Nigeria headline PMI at 53.3 in February

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<p>Ghana Amalgamated Trust says it will recapitalise five banks in the country with the sum of two billion cedis by March this year. Ola Warikoru, West African Bank Analyst at Stanbic IBTC joins CNBC Africa to discuss the impact of recapitalisation and stories around Ghana’s banking sector.</p>


Analysing Ghana’s banking sector recapitalisation bid

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<p>The United Nations expects Nigeria to become the third most populous country in the world by 2030. The country&#8217;s real estate sector would require innovative funding structures to accommodate the housing needs of the growing population. Tola Akinhanmi, Acting Head; Real Estate Finance, West Africa at Stanbic IBTC joins CNBC Africa to explore the financing structure for commercial real estate development in Nigeria.</p>


Understanding the financing needs for commercial real estate in Nigeria

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<p>Stanbic IBTC reading puts Nigeria’s headline PMI at 54.4 in October to signal a further improvement in the health of the Nigerian private sector.  Gbolahan Taiwo, Regional Economist, West Africa at Stanbic IBTC joins CNBC Africa to discuss the details.</p>


Stanbic IBTC’s Nigeria headline PMI at 53.3 in October

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<p>Nigeria&#8217;s headline PMI inched up slightly to nearing 56.3 from its August 56.1.  Gbolahan Taiwo, Regional Economist, West Africa, Stanbic IBTC joins CNBC Africa for a breakdown of the reading.</p>


Nigeria’s PMI rises to 56.3 in September

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<p>Joining CNBC Africa to discuss the mix of global and local market news is Gary Booysen, Director and Portfolio Manager, Rand Swiss.</p>


Why #MTN is still a buy after 22% drop

<p>By Camillus Eboh and Chijioke Ohuocha</p>
<p>ABUJA, Aug 29 (Reuters) &#8211; Nigeria’s central bank said on Wednesday it had ordered South African telecoms firm MTN and four banks to bring $8.134 billion back into the country that MTN had illegally sent abroad in breach of foreign exchange regulations. The news sent MTN&#8217;s share price down over 21 per cent on Thursday to R84.50 at 10.12am CAT.</p>
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<div id="teads1" class="teads-player">The Central Bank of Nigeria also fined the banks, it said on its official Twitter account.</p>
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<p>Standard Chartered PLC was fined 2.4 billion naira ($7.86 million), Stanbic IBTC Bank PLC 1.8 billion naira, Citibank 1.2 billion naira and Diamond Bank PLC 250 million naira.</p>
<p>The Nigerian telecommunications regulator, Citibank, Standard Chartered and Diamond Bank were not immediately available for comment. A spokesman for MTN declined to comment, while a Stanbic IBTC spokesman said a statement would be issued shortly.</p>
<p>The central bank said in a statement that MTN had not obtained approval before transfering the funds and the banks had also breached foreign exchange rules by failing to verify that the telecoms firm had met all the requirements.</p>
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<div id="google_ads_iframe_/4735792/us.reuters/markets/article_4__container__">Last November, Nigeria’s Senate approved a report largely exonerating MTN, following an investigation after the business was accused of illegally repatriating $14 billion to its parent company.</p>
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<p>At the time, the Senate also asked Nigeria’s central bank to sanction Stanbic IBTC “for improper documentations in respect of capital repatriation and loan repayments” on behalf of MTN.</p>
<p>Parliament’s upper house agreed in 2016 to investigate whether Africa’s biggest telecoms firm unlawfully repatriated $13.92 billion from Nigeria, its most lucrative market which generates a third of its revenue, between 2006 and 2016.</p>
<p>Africa’s biggest telecoms firm was fined $5.2 billion in 2015 by the Nigerian government for failing to disconnect unregistered SIM cards on its network. The fine was later reduced to $1.7 billion with an option to list its shares on the Nigerian Stock Exchange.</p>
<p>The company plans to launch the IPO, which has since been delayed due to market conditions, this year. (Reporting by Camillus Eboh and Chijioke Ohuocha)</p>
<div class="StandardArticleBody_trustBadgeContainer"><span class="StandardArticleBody_trustBadgeTitle">Our Standards:</span><span class="trustBadgeUrl"><a href="http://thomsonreuters.com/en/about-us/trust-principles.html">The Thomson Reuters Trust Principles.</a></span></div>


MTN share price clobbered as Nigeria central bank orders it, banks to bring back $8.1bln sent abroad

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<p>Nigerian cement manufacturer, Dangote cement recently announced plans to issue a 50 billion0-naira series one and two notes under the company’s 150 billion commercial paper program. Funto Oluwasegun, Cement Analyst at Stanbic IBTC joins CNBC Africa to discuss the outlook for the cement industry as the second half of the year.</p>


Nigeria cement industry outlook for H2

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<p>Nigeria’s revenue profile in 2018 is expected to be better than last year, that’s according to Bismarck Rewane, Managing Director of Financial Derivatives.</p>


Nigeria’s revenue set to rise in 2018

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<p>The Stanbic IBTC West Africa Investors Conference is an avenue for portfolio investors to interact directly with potential investments says Demola Sogunle, CEO of Stanbic IBTC bank.</p>


Stanbic IBTC showcases Nigeria’s economic potential

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<p>Access to trade finance and support for investors is still part of the challenges hindering trade and investment in West Africa. CNBC Africa caught up with the Stanbic IBTC&#8217;s Sam Ocheho, to assess strategies to improve trade liquidity.</p>


Stanbic IBTC

Focus On: Stanbic IBTC Gas & Infrastructure Conference

Understanding the African-China agent proposition

Stanbic IBTC’s Funso Akere speaks on MTN Nigeria listing

Stanbic IBTC’s April headline PMI at 55.5

Expert commends CBN’s forex intervention

Nigeria, China currency swap deal: Progress made so far

Stanbic IBTC’s Nigeria headline PMI at 53.3 in February

Analysing Ghana’s banking sector recapitalisation bid

Understanding the financing needs for commercial real estate in Nigeria

Stanbic IBTC’s Nigeria headline PMI at 53.3 in October

Nigeria’s PMI rises to 56.3 in September

Why #MTN is still a buy after 22% drop

MTN share price clobbered as Nigeria central bank orders it, banks to bring back $8.1bln sent abroad

Nigeria cement industry outlook for H2

Nigeria’s revenue set to rise in 2018

Stanbic IBTC showcases Nigeria’s economic potential

Stanbic IBTC’s Sam Ocheho on efforts to improve trade finance in WA

News Tips

Advertise With Us

Stanbic IBTC

Focus On: Stanbic IBTC Gas & Infrastructure Conference

Understanding the African-China agent proposition

Stanbic IBTC’s Funso Akere speaks on MTN Nigeria listing

Stanbic IBTC’s April headline PMI at 55.5

Expert commends CBN’s forex intervention

Nigeria, China currency swap deal: Progress made so far

Stanbic IBTC’s Nigeria headline PMI at 53.3 in February

Analysing Ghana’s banking sector recapitalisation bid

Understanding the financing needs for commercial real estate in Nigeria

Stanbic IBTC’s Nigeria headline PMI at 53.3 in October

Nigeria’s PMI rises to 56.3 in September

Why #MTN is still a buy after 22% drop

MTN share price clobbered as Nigeria central bank orders it, banks to bring back $8.1bln sent abroad

Nigeria cement industry outlook for H2

Nigeria’s revenue set to rise in 2018

Stanbic IBTC showcases Nigeria’s economic potential

Stanbic IBTC’s Sam Ocheho on efforts to improve trade finance in WA

News Tips

Advertise With Us

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