Managers of Wealth Africa

JPMorgan deposits N50b with CBN for licence

The CBN had during the last banking recapitalisation exercise pegged the minimum capital base for commercial banks with international authorisation at N500 billion.

NGX Group named Africa’s best Exchange at Euromoney Markets Awards 2026

The platform played a significant role in Nigeria’s banking sector recapitalisation exercise, facilitating more than N2.8 trillion in capital raising.

Nigeria reclaims Africa’s startup funding lead as investments rise to $635 million

Nigeria’s funding rebound came amid a sharp slowdown in other major African startup markets, including Kenya and South Africa, as well as a significant shift in investment towards logistics and transport ventures.

People earning a salary are in trouble in South Africa

In addition, the survey found that 43% of South Africans need to borrow money before the end of the month to cover living costs.

Elumelu Backs $15bn Infrastructure Investment Drive Across West Africa

The proposed $15 billion represents the anticipated value of the investment pipeline, rather than funding already committed by Elumelu or the participating financial institutions.

Bank cards are disappearing in South Africa, and South Africa spends R80 billion on fuel imports in 5 years

Investors will be paying close attention to Finance Minister Enoch Godongwana’s medium-term budget policy statement next week for indications of South Africa’s fiscal trajectory.

Ghana ranked joint 6th in 2026 Absa Africa Financial Markets Index

The improvement in the rankings was as a result of big gains in equities and companies listed on the Ghana Stock Exchange.

Ecobank, CIPS Partner to Strengthen China-Africa Financial Corridor

China remains Africa’s largest trading partner

‘Pension assets rise to N31.48tr in two years’

What is happening now with the pension scheme is not just projections, they are records.

Retirement shock for South Africans

South Africans have struggled to build adequate savings as years of weak economic growth, high joblessness and rising living costs put pressure on household finances.

W/Bank mobilises $5.79bn private capital for Nigeria

The World Bank supports reforms and projects that improve the investment environment and create viable opportunities.

Financial services absorb $9.64 billion as Nigeria’s FX demand hits 15-year high

Financial services demand rose 72.81% to $9.64 billion from $5.58 billion, an increase of approximately $4.06 billion.

Nigeria’s foreign reserves hit $58.81 billion, highest in 18 years

Nigeria’s foreign reserves had been increasing steadily through September, moving from approximately $53.90 billion on September 1 to $54.93 billion by September 30.

African Development Bank approves Mashreq as Confirming Bank under its Trade Finance Transaction Guarantee Instrument

The Bank Group will provide transaction-by-transaction guarantees covering up to 100% of the non-payment risk assumed by Mashreqbank on eligible trade finance transactions originated by Bank Group-approved African issuing banks.

South Africa’s Standard Bank agrees to invest up to $200mn in OPay subject to proposed US IPO

Under the agreement, Standard Bank subsidiary Stanbic Africa Holdings would subscribe for newly issued OPay shares alongside the proposed IPO

The government wants to take over R88 billion owed to ordinary South Africans

The proposal would initially focus on unclaimed retirement fund benefits before being expanded to banking, insurance, and investment products.

Nigeria’s external reserves gain $115 million in six days, hit $55.07 billion

Nigeria’s gross external reserves reached $55.07 billion on October 8, compared with $54.95 billion on October 2, an increase of about $116 million over the period.

Strong FPI inflows despite softer domestic liquidity

The softer liquidity conditions reflected weaker participation from domestic sources

Sequential rise in FGN domestic debt

This follows our initial commentary on Nigeria’s total public debt stock in our Good Morning Nigeria note of 30 September 2026

A normal growth trajectory for pension AUM

The sustained expansion suggests that the decline recorded in June was temporary, with pension assets resuming their normal upward trajectory.

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