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 […]

Banking Economy News Extra Investments/Capital Market Latest News Solid Minerals

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 […]

Banking Economy News Extra Latest News Oil & Gas Power/Electricity

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. […]

Banking Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News Political Economy

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 […]

Banking

Heritage Bank Restates Commitment To Women Empowerment

Heritage Bank Plc has restated its commitment to lending support to causes that promote women empowerment as this will impact positively on the nation’s socio-economic development. A statement by the bank’s Divisional Head, Corporate Communications, Mr. Fela Ibidapo, quoted the bank’s Managing Director, Mr. Ifie Sekibo, as making this promise at the ‘Raising Girls Summit […]

Banking Economy News Extra Foreign Latest News

President Ouattara Tasks AfDB Governors On Right Decisions For Growth

The President of the Republic of Côte d’Ivoire, Alassane Ouattara, has charged governors of the African Development Bank (AfDB) to “make the right decision” to enable the continent achieve its development goals. President Ouattara made the remarks on Thursday at the opening session of the 5th Extraordinary Meeting of the African Development Bank Board of Governors […]

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Sterling Bank Reports N47.53Bn Net Income Growth, Other Positive Indices

Sterling Bank Plc has reported a net interest income growth of N47.53 billion for the third quarter ended September 30, 2019 as against N39.834 billion for the corresponding period of 2018, representing a growth of 19.3 percent. According to the figures on the lender’s performance over the period, the growth in the net interest income […]