Ukraine’s Parliament Confirms New Central Bank Head

July 20, 2020 543

News

The Rada ,Ukraine’s parliament, has approved President Zelenskiy’s nomination of Kyrylo Shevchenko, CEO of state-owned Ukrgasbank, as the new Governor of the National Bank of Ukraine (NBU),mid July. Shevchenko replaces Yakiv Smoliy who resigned abruptly on July 3,2020, citing political pressure.“ Given the very sensitive nature of Smoliy’s departure and accusations, in Continue Reading

Positive Vaccine News Lift Global Markets

July 20, 2020 524

News

Market Overview Markets traded higher this week on vaccine developments and navigated through U.S. earnings in an acceptable fashion. China’s 2Q growth beat (3.2%) was marred by weak retail sales, which led to some equity panic, although volatility was contained regionally without a major spill-over. The same followed after Singapore’s weak GDP print. A heavy […]Continue Reading

WIMBIZ Congratulates New A.G.Leventis CEO,Abimbola Oni

July 13, 2020 1180

Briefs

Women In Management, Business and Public Service, WIMBIZ , has sent a congratulatory letter to Seun Abimbola Oni, on her recent appointment as the Group Managing Director/CEO of A.G Leventis (Nigeria) Ltd.WIMBIZ, a highly influential women’s professional group, describes Oni as a senior business and finance executive, with over 25 years’ professional experience, spanning Continue Reading

Malawi Appoints Wilson Banda Central Bank Governor

July 13, 2020 546

Breaking News

Malawi’s new President Lazarus Chakwera has appointed Wilson Banda,as the new governor of the Malawi Reserve Bank, a government statement said on Wednesday, July 8,2020.Dr Banda is a former ranking official of the bank.He was the Senior advisor to the Executive Director for the Africa Group at the World Bank, where he began working as […]Continue Reading

NNPC Increases Gas Supply To Power Sector By 19 Per cent

July 9, 2020 456

Oil & Gas

NNPC has increased gas supply to power sector by 19 per cent in April. Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), announced this on Thursday, July 8. This increase of 19.14 per cent in the average daily natural gas supply to power plants in April 2020, translates to 788 […]Continue Reading

Uganda’s Central Bank May Cap Commercial Bank Interest Rates

July 9, 2020 379

Breaking News

Uganda’s central Bank,the Bank of Uganda (BoU) has threatened to cap the interest that commercial banks can charge borrowers, after the industry failed to reduce loan rates in response to cuts in benchmark rates, according to a letter from its governor.The BoU cut its central (lending)rate by 200 basis points, to an all-time low of […]Continue Reading