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Ecobank Group has seen its Profits in 2024 rise by 16 per cent to 333 million dollars. Net revenue rose 18 per cent to 2.1 billion dollars at constant currency, driven by stable and recurring fee and commission income growth. 

Ecobank Group reports 16% rise in profit in FY'24

Rene Awambeng, Managing Partner at Premier Invest, stresses the need for policy reforms to attract investment and drive energy sector growth in the Republic of Congo. 

Policy reforms necessary to boost energy investment in Congo

Cocoa prices are consolidating above recent lows after the commodity remained on the defensive over the past five weeks owing to improving supply outlook. 

Supply outlook: Will cocoa prices rise above recent lows?

Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank will continue to maintain order in the country’s foreign exchange market. Meanwhile, about 1.18 trillion-naira worth of Treasury Bills are expected to mature this week. 

Will Nigeria sustain fight against FX speculators?

Secretary General at African Petroleum Producers' Organization, Omar Farouk Ibrahim says a study by APPO has identified lack of funding, technology and access to market as the challenges impacting the future of Africa's energy transition.

APPO: Africa needs funding, technology, market to scale energy transition

Equinix says it plans to expand with new data centres in Nigeria as it also eyes broader African investments by 2026. 

Equinix EMEA President speaks to Africa expansion

Oyeyemi Oke, a Partner at Ao2 Law believes the ripple effect from a failed naira for crude deal will impact the stability in petroleum products availability and pricing in Nigeria. 

Nigeria in dire straits with crude production levels 

A report by Agusto & Co expects insurance revenue in Nigeria to maintain the upward trajectory after hitting 1.1 trillion naira in 2024. 

Recapitalisation, policy enforcement to drive insurance revenue uptick in FY'25

Alitheia Capital and Goodwell Investments have exited Baobab Nigeria under their joint uMunthu Fund. 

Alitheia, Goodwell exit Baobab Nigeria

Haruna Jalo-Waziri, the CEO Central Securities Clearing System believes the Nigerian financial market is witnessing renewed investors' confidence driven by policy reforms and market innovations. 

Jalo-Waziri: Market resilience key to sustaining renewed investor confidence

Sheriff Balogun, the incoming National President of the Nigerian- American Chamber of Commerce, Sheriff Balogun, says the decreasing trade deficit with the U.S is a good sign, stressing that there's the need to achieve a balance of trade.

Nigeria needs to improve trade relations with the U.S 

Mavis Owusu-Gyamfi, President & CEO, African Center for Economic Transformation believes the narrative should move from women empowerment to shared power, stressing how crucial it will be to transform economies. 

CBWA