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Nigeria’s GTCO pumps $239m into banking subsidiary to meet CBN capital rule

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Meet ex-Polaris Bank CEO, now leading Nigeria’s largest lender

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Nigeria’s PenCom bars 7 mortgage banks from housing scheme

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Image of a jar with coins labeled Pension and a ticking clock.

What to know about Afreximbank’s new 4th president, George Elombi

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Kenya’s Equity Group appoints six new directors, eyes first Middle East office

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Africa’s richest man, Aliko Dangote, retires as chairman of $300m sugar firm after 20 years

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Africa's richest man, Aliko Dangote

SA’s Absa Group names new chair in major leadership overhaul

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Nigeria court backs apex bank amidst trademark lawsuit over eNaira

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Mauritius court grants bail to ex-finance minister in $6.7m fraud case

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  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

South Africa: Absa’s shares surge as Standard Bank’s Kenny Fihla is appointed new CEO

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Nigeria’s GTCO has injected ₦365.9bn ($239m) into GTBank to meet CBN’s new capital rule, raising share capital to ₦504bn ($329m) and funding branch expansion, IT upgrades, and loan growth.

Innocent Ike has been appointed Group Managing Director and CEO of Access Holdings Plc, succeeding Bolaji Agbede, whose leadership strengthened the company’s competitive edge.

Nigeria’s PenCom has blacklisted seven mortgage banks from the RSA housing scheme, halting contributions amid concerns over defaults, as pension assets climb to ₦24.62trn ($15.9bn).

Afreximbank has named Dr. George Elombi as its new President and Chairman of the Board, inheriting the bank’s ambitious target to transform the bank into an institution within the next decade.

Kenya’s Equity Group appoints six new directors and secures approval to open its first office outside Africa in the UAE, targeting diaspora and cross-border growth.

Aliko Dangote, Africa’s richest man, is stepping down as Chairman of the Board of Dangote Sugar Refinery Plc, a company worth $300m (N473.73bn) after two decades at the helm of leadership.

Rene Van Wyk appointed Absa Group Chair as part of sweeping leadership overhaul to restore stability and investor confidence

The Federal High Court in Abuja has refused to stop the CBN from using the name eNaira, ruling that halting its use could harm the economy and public trust.

A court in Mauritius has granted bail to former finance minister Renganaden Padayachy, days after ex-central bank governor Harvesh Seegolam was also released in a $6.7 million fraud case.

Top stories

Nigeria’s GTCO pumps $239m into banking subsidiary to meet CBN capital rule

Nigeria’s GTCO pumps $239m into banking subsidiary to meet CBN capital rule

The injection, funded through GTCO’s two-phased equity capital raising programme approved in 2024, increases GTBank’s share capital from ₦138.2bn ($90.1m) to ₦504.0bn ($328.8m) — surpassing the CBN’s ₦500bn ($326.2m) threshold.

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Meet ex-Polaris Bank CEO, now leading Nigeria’s largest lender

Meet ex-Polaris Bank CEO, now leading Nigeria’s largest lender

Access Holdings, Nigeria’s largest banking group by assets, has appointed Innocent Ike as new Group Managing Director and Chief Executive Officer, terminating Bolaji Agbede’s 18-month tenure.

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Nigeria’s PenCom bars 7 mortgage banks from housing scheme

Nigeria’s PenCom bars 7 mortgage banks from housing scheme

National Pension Commission (PenCom) has blacklisted seven mortgage lenders from its retirement-savings-backed housing scheme, underscoring both the potential and risks of deploying pension assets to ease the housing crunch.

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What to know about Afreximbank’s new 4th president, George Elombi

What to know about Afreximbank’s new 4th president, George Elombi

Cameroonian legal expert Dr. George Elombi has been appointed president and Chairman of Afreximbank, becoming the fourth to lead the continent’s trade institution since its creation in 1993

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Kenya’s Equity Group appoints six new directors, eyes first Middle East office

Kenya’s Equity Group appoints six new directors, eyes first Middle East office

Kenya’s Equity Group appoints six new directors and secures approval to open its first office outside Africa in the UAE, targeting diaspora and cross-border growth.

Follow the story
Africa’s richest man, Aliko Dangote, retires as chairman of $300m sugar firm after 20 years

Africa’s richest man, Aliko Dangote, retires as chairman of $300m sugar firm after 20 years

Aliko Dangote, Africa’s richest man, is stepping down as Chairman of the Board of Dangote Sugar Refinery Plc, a company worth of over $300m (N473.73bn), after two decades at the helm of leadership. His retirement, which takes effect from June 16, 2025, marks the end of a 20-year leadership era during which he transformed the…

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SA’s Absa Group names new chair in major leadership overhaul

SA’s Absa Group names new chair in major leadership overhaul

Absa Group has announced Rene Van Wyk as its new board chair, succeeding Sello Moloko amid the broader leadership overhaul

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Nigeria court backs apex bank amidst trademark lawsuit over eNaira

Nigeria court backs apex bank amidst trademark lawsuit over eNaira

Nigeria High Court ruling backs CBN’s right to use eNaira, easing investor concern over Nigeria’s digital currency

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Mauritius court grants bail to ex-finance minister in $6.7m fraud case

Mauritius court grants bail to ex-finance minister in $6.7m fraud case

The minister’s release comes just days after the island nation’s former central bank governor Harvesh Seegolam, who was also implicated in the fraud scandal, was granted bail.

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South Africa: Absa’s shares surge as Standard Bank’s Kenny Fihla is appointed new CEO

South Africa: Absa’s shares surge as Standard Bank’s Kenny Fihla is appointed new CEO

Fihla’s appointment comes as the bank focuses on rebuilding investor trust following a challenging period marked by leadership instability and financial underperformance. 

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Nigeria’s GTCO has injected ₦365.9bn ($239m) into GTBank to meet CBN’s new capital rule, raising share capital to ₦504bn ($329m) and funding branch expansion, IT upgrades, and loan growth.

Innocent Ike has been appointed Group Managing Director and CEO of Access Holdings Plc, succeeding Bolaji Agbede, whose leadership strengthened the company’s competitive edge.

Nigeria’s PenCom has blacklisted seven mortgage banks from the RSA housing scheme, halting contributions amid concerns over defaults, as pension assets climb to ₦24.62trn ($15.9bn).

Afreximbank has named Dr. George Elombi as its new President and Chairman of the Board, inheriting the bank’s ambitious target to transform the bank into an institution within the next decade.

Kenya’s Equity Group appoints six new directors and secures approval to open its first office outside Africa in the UAE, targeting diaspora and cross-border growth.

Aliko Dangote, Africa’s richest man, is stepping down as Chairman of the Board of Dangote Sugar Refinery Plc, a company worth $300m (N473.73bn) after two decades at the helm of leadership.

Rene Van Wyk appointed Absa Group Chair as part of sweeping leadership overhaul to restore stability and investor confidence

The Federal High Court in Abuja has refused to stop the CBN from using the name eNaira, ruling that halting its use could harm the economy and public trust.

A court in Mauritius has granted bail to former finance minister Renganaden Padayachy, days after ex-central bank governor Harvesh Seegolam was also released in a $6.7 million fraud case.

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