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NGXASI Advance +0.68% Driven by Banking Counters

February 29, 2024/InvestmentOne Report The NGXASI advanced by 0.68% today to close at 99,980.30pts, as bargain hunting in banking stocks including GTCO (+10.00%), UBA (+10.00%) and ZENITHBANK (+7.86%) drove the market into the green zone. In the Fixed income space, the Treasury Bills secondary market closed up, driven by bullish sentiments across […]

Egypt Accedes to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa

The signing of FEDA’s Establishment Agreement opens avenues for strengthening trade relations between Egypt and other African nations February 29, 2024/Afreximbank The Fund for Export Development in Africa (FEDA), a subsidiary of the African Export-Import Bank (Afreximbank) dedicated to fostering development impact, is pleased to announce the Arab Republic of […]

Citi Names Viswas Raghavan Head of Banking and Executive Vice Chair

February 29, 2024/Citi Citi is pleased to announce that Viswas (“Vis”) Raghavan will join Citi as Head of Banking and Executive Vice Chair of Citi, reporting to CEO Jane Fraser. As Head of Banking, Vis will lead one of Citi’s five core businesses, with responsibility for Investment, Corporate and Commercial […]