Africa Archives — City Business News

November 13, 2022 No Responses

FBNBank UK Stands Tall At 40, Appreciates Customers, Regulators

FBNBank UK, a member of First Bank of Nigeria Limited and Subsidiaries had London, the United Kingdom painted blue as it celebrated its 40th anniversary, themed Partnership Beyond Borders, on Friday, 11 November 2022. The event which had customers, members...

November 10, 2022 No Responses

Access Bank Budgets $1b To Boost SMEs In Africa

Access Bank Plc is investing a billion dollars to boost 10 million Small and Medium Enterprises (SMEs) in Africa over the next five years. Mr Seyi Kumapayi, the Executive Director in charge of African subsidiaries said this on the sidelines...

August 20, 2022 No Responses

AFRIMA Fetes Jurors At Annual Patrons‘ Dinner

It was an exciting blend of glitz, glam and euphoria as the All Africa Music Awards (AFRIMA) hosted its annual patron’s dinner with the jury members on Wednesday, in Lagos, Nigeria. The event, which feted stakeholders in Africa’s creative economy,...

August 16, 2022 No Responses

UK To Cut Taxes On Imports From Developing Countries

The UK is to cut import taxes on hundreds more products from some of the world’s poorest countries to boost trade links. The Developing Countries Trading Scheme comes into force in January and builds on a scheme the UK was...

August 12, 2022 No Responses

Catholic Bishops Urge African Countries To Unite In Tackling Insecurity

The Symposium of Episcopal Conferences of Africa and Madagascar (SECAM), has urged African leaders to unite in confronting the security challenges on the continent. The SECAM, composed of Catholic Bishops from the continent, made the call during the 19th Assem...

June 9, 2022 No Responses

Access Bank Acquires $37m Stake In Kenya’s Sidian Bank

Access Bank Holding Plc has concluded plans to acquire Kenya’s Sidian Bank Ltd., for N15 billion ($37 million). The bank disclosed this in a notice signed by Mr Sunday Ekwochi, Company Secretary of the bank, and made available on the....

May 28, 2022 No Responses

World Bank Implores Africa On Green, Sustainable Bonds

The World Bank has said that Green, Social and Sustainable (GSS) bonds could contribute to Africa’s sustainable economy. Mr Jorge Calderon, the Vice President and Treasurer, World Bank Treasury said this at a virtual workshop on GSS Bond Market Develop...

May 28, 2022 No Responses

GTCO Plc’s GTBank Bags Africa’s Best Brands Awards

Guaranty Trust Bank Ltd (GTBank), the banking subsidiary of Guaranty Trust Holding Company Plc (GTCO Plc), has emerged winner in four major categories at the 12th annual Brand Africa 100: Africa’s Best Brands 2022 rankings of the Top 100 Most...

May 18, 2022 No Responses

Heirs Oil & Gas’ OML 17wins PFI Africa Deal Of The Year

Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’byProject Finance International (PFI), following the $1.1 billion financing and acquisition of45% stake in OML 17 in 2021. The award ceremony which took placeon Monday,...

May 11, 2022 No Responses

Gulf Of Guinea Accounts For 4.5million Barrels Of Oil Daily, Says CNS

The Chief of Naval Staff (CNS), Vice Adm. Awwal Gambo, on Tuesday said that the Gulf of Guinea accounted for about 4.5million barrels of oil produced daily in Africa. Gambo said this at the 10th SECUREX West Africa 2022 International...

May 10, 2022 No Responses

NIMASA Seeks Harmonisation Of Port State Control Procedures

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has stated that the growth potential and high expectations of maritime stakeholders for the industry would only be realized through the development of a ...

May 9, 2022 No Responses

Osinbajo: Africa Must Produce What It Eats

Vice-President Yemi Osinbajo on Monday challenged Africa to produce what it eats and reduce its dependence on external countries. Osinbajo made the call at a conference of Speakers and Heads of African Parliaments holding in Abuja. He said...

May 2, 2022 No Responses

Geely Delivers 78,478 Units In February, Penetrates African Market

For the Month of February 2022, Geely Auto recorded total sales volume of 78,478 units, an increase of approximately Two per cent from the same period last year, but down approximately 46% from January 2022, primarily due to the supply sho...

April 20, 2022 No Responses

Union Bank Bags Middle East, Africa Innovation Awards

Union Bank of Nigeria has received the highly acclaimed award for the Best Trade Finance Platform Initiative, at the recently concluded Middle East & Africa Banking Innovation Awards 2022. A statement sent to City Business News Online explained that the...