Afrinvest News


Nigerian regulators intervene after JP Morgan bond index action

Nigeria’s bond market regulator stepped in to avoid a market collapse on Thursday, bringing trades to a halt by forcing dealers to widen spreads after JP Morgan’s decision to remove Africa’s biggest economy from a major bond index.

Miller beer by SABMiler

M&A activity heats up in Africa as investors bet on growth

Concerns on the scale of the Ebola crisis, current levels of political unrest and plunging commodity prices would have sent investors rushing out of Africa not long ago.

Mustafa Chike-Obi, MD/CEO, Asset Management Corporation of Nigeria (AMCON)

U.S. investor seeks to stop sale of Nigerian bank Mainstreet

A U.S. court has summoned representatives of a body set up to manage Nigeria’s rescued banks in a dispute with U.S. financial firm Intangis Holdings, which says Nigeria has ignored its right to buy one of the nationalised lenders.