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Amr at Africa 2017 Forum

Participants in the sensitization meetings.       Limited knowledge about trade opportunities in African countries was among the biggest impediments to intra-African trade, Amr Kamel, the Executive Vice President for Business Development and Corporate Banking at the African Export-Import Bank (Afreximbank), has said. Speaking on Saturday during a panel ...

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NIGERIA MUST CREATE 4 MILLION JOBS ANNUALLY TO ENSURE GROWTH – AMBODE

Lagos State Governor, Mr. Akinwunmi Ambode (middle); with Jigawa State Governor, Alhaji Mohammed Badaru Abubakar (left) and Chairman Bankers’ Committee and Governor, Central Bank of Nigeria, Mr, Godwin Emefiele (right), during the 9th Annual Bankers’ Committee Retreat at the Renaissance Hotel, Isaac John Street, Ikeja, Lagos on Saturday, December 9, ...

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CBN to Draft Framework on Credit to SMEs

      The Central Bank of Nigeria (CBN) has disclosed plans to draft a framework on credit to Small and Medium Enterprises (SMEs) aimed at improving credit to the sector. This was disclosed by the Governor, Mr. Godwin Emefiele, at a strategy meeting with selected Development Finance Institutions (DFIs) ...

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Reserves Heading Towards US$40bn

Gross official reserves increased by US$1.12bn in November to US$34.95bn. Accumulation has averaged US$850m over the past 12 months. We might have been sceptical at the time yet can say with hindsight that the CBN’s launch of multiple currency practices (MCP) in late March has seen an increase in reserves ...

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AU Trade Commissioner Says Africa Doing Right to Create FTA

Albert Muchanga, African Union Commissioner for Trade and Industry.       Africa is doing the right thing in creating the Continental Free Trade Area (CFTA) despite the current retreat from multilateralism, Albert Muchanga, the African Union’s Commissioner for Trade and Industry, said in Cairo today. Delivering the keynote lecture ...

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Ecobank named Bank of the Year in 5 regions

    Ecobank, the leading pan-African banking group, has won “Bank of the Year” awards in five of its countries of operation. Ecobank scored the five-trophy hall at The Banker awards, which were held on 29th November at the Hilton London Bankside, with Cameroon, Guinea Conakry, Gambia, Togo and Uganda, ...

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