Bankers Institute of Liberia participants, managers and LBDI President, John B. S. Davies In an effort to institutionalize banking education in Liberia and enhance networking and collaboration internationally, the Banking Institute of Liberia (BIL) has formed a partnership with the Chartered Institute of Bankers Nigeria (CIBN) and the Alliance of African Institutes of Bankers in […]
The 4th edition of the annual Ghana Energy Awards (GEA) has, in recognition of his invaluable service to the country, conferred upon the current Board Chairman of the Volta River Authority, Kweku Andoh Awotwi, the honour of the prestigious Lifetime Achievement Award. Having served in several highly demanding capacities in the power and petroleum sectors […]
Nova Merchant Bank yesterday announced the appointment of Mr. Nath Ude as its Acting Managing Director/Chief Executive Officer effective October 3, 2020, subject to approval by the Central Bank of Nigeria. The bank disclosed this in a statement. Nath is a seasoned banker whose experience cuts across three continents in world class financial institutions. He […]
The Nigerian stock market opened for four trading days this week as the Federal Government of Nigeria declared Thursday 1st October 2020 a Public Holiday. The All-Share Index appreciated by 2.53% while Market Capitalization appreciated by 2.55% to close the week at 26,985.77 and N14.105 trillion respectively. Investors gained a whopping N350.12bn. A total turnover […]
The United Bank for Africa (UBA) Plc yesterday released its audited results for the half year ended June 2020, which showed that the pan-African bank recorded profit after tax of N44.431 billion, compared with the N56.7 billion it realised in the comparable period of 2019. The results obtained on the Nigerian Stock Exchange (NSE) website […]
Across the world, the impact of the novel coronavirus is still severe despite the ease of lockdown for economic reasons. The uncertainty continues to heighten and no economy is spared from the fall-out from the COVID-19 outbreak. Many African capital markets are bearish: Namibia, South Africa, Mauritius, Egypt, Morocco, Kenya, Ghana, Malawi and a few […]
West Africa’s major banks could suffer a spike in loan defaults as lower oil prices and the acute economic impact of the coronavirus pandemic hits the region, analysts said. In Nigeria, Africa’s biggest oil producer and fourth-largest banking sector by assets, lenders are heavily exposed to the energy sector. Lending to oil and gas companies […]
The banking sector has long been the toast of many Nigerian workers, mainly because people who work there are believed to earn quite a lot of money. While this may not be entirely true for every Nigerian banker, the truth remains that the sector is one of the best-paying in the country. In Q1 2020 […]
Online – 2020-MEA Logo The economic impact of the coronavirus has led to Kenya’s seven largest banks restructuring loans worth Sh176 billion—equivalent to 6.2 percent of the industry’s total gross loan book of Sh2.8 trillion. The pandemic has damaged Kenyan borrowers’ ability to repay their loans, particularly within the tourism sector, which has felt considerable […]
In Africa, the tallest tower is the Great Mosque of Algiers (270m) while the tallest buildings in Africa include the Carlton Centre in South Africa (233m), the Britam Tower in Kenya (200m) and the Ponte City Apartments (173m) also in Johannesburg, South Africa. Ghana can as well boast of such buildings. Here are the top […]
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