Category: Capital Market/Banking

CBN targets single digit inflation
July 10, 2017 No Responses

CBN targets single digit inflation

Nigeria “will get back” to single digit inflation, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has declared.    In an interview with Arise Television, Emefiele explained that with the improvement seen in growth from the negative 1.7...
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Citibank grants N500m loan for microfinance development in Nigeria
July 5, 2017 No Responses

Citibank grants N500m loan for microfinance development in Nigeria

Citibank Nigeria has extended a loan of N500 million to Accion Microfinance Bank (Accion MFB) in Nigeria to drive and promote the development of the microfinance sector in Nigeria.   This loan will fund Accion’s loan portfolio and support the...
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Elumelu commends Afreximbank, seeks support for African Businesses
July 4, 2017 No Responses

Elumelu commends Afreximbank, seeks support for African Businesses

At the 24th Annual General Meeting of the African Export-Import Bank (Afrexim), held in Rwanda, Tony O. Elumelu, CON, Chairman of Heirs Holdings and the Tony Elumelu Foundation, congratulated Afrexim for the critical support that the Bank, led by President...
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Agusto upgrades Access Bank’s rating to Aa-
July 4, 2017 No Responses

Agusto upgrades Access Bank’s rating to Aa-

In its recent rating review of Access Bank Plc, foremost rating agency in Nigeria, Agusto & Co, has raised the Bank’s rating from “A+” to “Aa-”, with a stable outlook. The upgrade reflects Access Bank’s strong financial profile, resilient profi...
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Heritage Bank: Our support for Agro-business funding cuts across the entire value chain
June 29, 2017 No Responses

Heritage Bank: Our support for Agro-business funding cuts across the entire value chain

Heritage Bank Plc has reiterated its commitment to further deepen the drive to support agribusiness value chain in order to fast track food security and sufficiency in the country. The MD/CEO of the bank, Mr Ifie Sekibo, who disclosed this,...
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SEC: Investors to forfeit multiple subscription to public offers
June 29, 2017 No Responses

SEC: Investors to forfeit multiple subscription to public offers

Investors in the Nigerian Capital Market with multiple subscriptions for the same public offer may forfeit their investment. The Securities and Exchange Commission at its last Capital Market Committee meeting (CMC) has approved the report of a market wide comm...
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Citi Bank celebrates community day in Nigeria
June 27, 2017 No Responses

Citi Bank celebrates community day in Nigeria

Citi Bank celebrated its 12th annual Global Community Day recently as more than 1,600 Citi volunteers in Aba, Abuja, Kano, Lagos, Port-Harcourt and Warri engaged in service activities in their local communities.   In the days leading up to and...
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UBA emerges financial brand of the decade
June 21, 2017 No Responses

UBA emerges financial brand of the decade

Foremost financial institution, United Bank for Africa (UBA) Plc has emerged Financial Brand of the Decade.  The award ceremony, put together by Marketing Edge, is  in recognition of UBA’s innovative and pacesetting role.   Also, the award is a product...
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AfDB, UBA, Wema Bank, others to finance ABUAD projects
June 20, 2017 No Responses

AfDB, UBA, Wema Bank, others to finance ABUAD projects

African Development Bank (AfDB) in collaboration with four Nigerian Banks have signed Memorandum of Understanding (MoU) to provide Project Finance facilities to Afe Babalola University (ABUAD), Ado Ekiti,  for the execution of various projects under the Unive...
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Heritage Bank agent outlets hit 400, debuts in Badagry
June 20, 2017 No Responses

Heritage Bank agent outlets hit 400, debuts in Badagry

As part of its ongoing expansion agenda, Heritage Bank Plc has deepened its retail banking structure by growing its agent banking base to 400 ‘Corner Shops.’  According to the Bank, this is in line with the financial inclusion strategy of...
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UBA’s $500M Eurobond oversubscribed 240% by global investors
June 14, 2017 No Responses

UBA’s $500M Eurobond oversubscribed 240% by global investors

United Bank for Africa Plc (UBA) successfully raised $500 million, though a debut Eurobond, which was 240% over-subscribed.   According to UBA, the significant investor demand reflects the strong global investor appetite for UBA’s credit and support fo...
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Heritage Bank reiterates commitment to empower Youth Corp members
June 12, 2017 No Responses

Heritage Bank reiterates commitment to empower Youth Corp members

In line with its culture as a timeless wealth partners, Heritage Bank Plc has restated its commitment to support National Youth Service Corp members and young entrepreneurs to grow their businesses as a start-up or prospective business owners. The MD/CEO...
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Bridge Concept leverage UBA digital banking platforms, unveils Naija Green Card
June 8, 2017 No Responses

Bridge Concept leverage UBA digital banking platforms, unveils Naija Green Card

 In line with its business objective of enabling young Nigerians and students to derive maximum benefits from their limited finances, Bridge Concepts Limited has announced its partnership with the pan African Financial institution, United Bank for Africa (Plc...
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Heritage Bank supports Triton Group reforestation project in Oyo
June 5, 2017 No Responses

Heritage Bank supports Triton Group reforestation project in Oyo

Heritage Bank Plc has thrown its weight behind Globus Resources Limited, a subsidiary of Triton Group, to flag off the second phase of afforestation programme in Oyo state.  The bank as the first financier had earlier financed the first phase...
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