Banking Civil Advocacy & Gender Matters Latest News Picture Speaks

During Heritage Bank Plc’s Celebration Of International Men’s Day With The Theme ‘Making A Difference For Men And Boys’ Held At The Bank’s Headquarters In Lagos

L-R:  Olugbenga Awe, Heritage Bank Plc’s Divisional Head, Agric Finance & Export;  Fela Ibidapo, Divisional Head, Corporate Communications; Jude Monye,  Executive Director;  Akeem Durotoye, Group Head, Domestic & E-Banking Services;  Victor Amakwe, Group Head, Private Wealth Mgt and Chukwuma Ivaonye, Head, Head Office & Experience Centre Compliance,  during Heritage Bank Plc’s  celebration of International Men’s […]

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Heritage Bank Marks International Men’s Day, Commends Male Staff

Heritage Bank Plc, Nigeria’s most innovative banking service provider, celebrated International Men’s Day 2019 themed: “Making a Difference for Men and Boys”, with event held at its Experience Centres (ECs) branches nationwide. The financial institution leveraged on this theme and coined a personal theme, which is “Break the Ice; Inspire another Man”. To help chart […]

Banking Economy News Extra Investments/Capital Market Latest News

AfDB Seals $250Mn Risk-Focused Facility Pact With ABSA

The African Development Bank (AfDB) has signed an unfunded $250-million Risk Participation Agreement (RPA) facility with ABSA, a pan-Africa financial institution with a presence in 12 African countries. The 3-year RPA facility was signed November 12 on the sidelines of the Africa Investment Form through its trade finance operations. Under this 3-year RPA facility, the […]

Banking Economy News Extra Latest News Picture Speaks

During Fidelity Bank’s Special Day On Wednesday At The 2019 Lagos International Trade Fair

GIVING BACK TO OUR CUSTOMERS The Executive Director, Corporate Bank, Fidelity Bank Plc, Obaro Odeghe (5th left) receives an award on behalf of the bank from the President, Lagos Chamber of Commerce & Industry (LCCI), Babatunde Ruwase, during the bank’s Special Day on Wednesday at the 2019 Lagos International Trade Fair while beneficiaries of Fidelity […]

Banking Infrastructure & Capital Projects Investments/Capital Market Latest News

AFC Issues $500Mn Eurobond For General Corporate Services

Africa Finance Corporation (AFC), Africa’s infrastructure financing organisation, has issued a $500 million 10-Year Eurobond for general corporate services. The Corporation in a statement indicated that the “senior, unsecured Eurobond, which carries a coupon of 3.75 percent, was priced to yield 3.895 percent for a tenor of 10 years, being  the longest tenor bond issued […]

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CBN To Off-Take Nigeria’s Gold At Global Competitive Price – NEXIM Boss

The Managing Director, Nigeria Export-Import Bank (NEXIM Bank), Mr. Abba Bello, has hinted of ongoing arrangements by the Central Bank of Nigeria (CBN) to commence off-taking Nigeria’s gold at international competitive price. The banker, who made this disclosure while speaking on what NEXIM Bank is doing to promote mining during a Mining Master Class of […]

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AfDB’s Board Converts Bank’s Energy Fund To Concessional Facility

The African Development Bank’s (AfDB’s) Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund, the Sustainable Energy Fund for Africa (SEFA), into a “special fund”, to catalyse the development finance institution’s impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance. Currently, […]

Agriculture & Agribusiness Banking Latest News Picture Speaks

During Discussion Between Heritage Bank And Sumitomo Corporation On Mechanisation & Agric Business, Held At Bank’s Head Office, Lagos At The Weekend

L-R: John Gbassa, CEO/MD of WAO Global Trading Ltd; Koji Shirotani, Divisional Manager, Sub-Sahara Africa Business Development Division; Afolasade Alonge, Divisional Head, Corporate and Specialized Banking, Heritage Bank Plc; Masafumi Tanimoto, General Manager, Accra Liason Office; Tsuyoshi Ueda, Assistant Managing Director; Jude Monye, Executive Director of Heritage Bank; Olugbenga Awe, Divisional Head, Agric Finance & […]

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N25bn Damages Suit: FIRS, First Bank, Plaintiff To Settle Out Of Court

A Federal High Court, Abuja has granted granted the prayers of the  Federal Inland Revenue Service (FIRS), First Bank of Nigeria Limited and an indigenous company, Biatemp Ventures Ltd, seeking an out of court settlement in a N25 billion damages suit filed against the lender and the FIRS by the firm over alleged account manipulation. […]

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Board Of Governors Approves New $115Bn Capital For AfDB

Governors of the African Development Bank, representing shareholders from 80 countries, approved a landmark $115 billion increase in capital for the continent’s foremost financial institution at an extraordinary shareholders’ meeting held Thursday in Abidjan,.the Ivory Coast capital. The capital increase, the largest in the history of the development finance institution since its establishment in 1964, demonstrated […]