Sterling Bank Plc has signed a $75m agreement with the African Export-Import Bank to foster non-oil exports in Nigeria. The agreement was signed on the sidelines of the just concluded Intra-Africa Trade Fair in Cairo, Egypt. A statement from Sterling Bank disclosed that the deal would boost trade financing in the country. It stated that…
The United Bank for Africa Plc has said that it is looking to support Small and Medium Scale Enterprises in four sectors including Agro-processing, Automotive, pharmaceuticals, Transport and Logistics with the $6bn facility from the Africa Continental Free Trade Area Secretariat. According to a statement from the lender on Wednesday, UBA’s Deputy Managing Director, Muyiwa…
MTN Nigeria has raised N52. 89bn from its Series 8 & 9 Commercial Paper issuance under its N250 billion Commercial Paper Issuance Programme. This was revealed in a notice filed with the Nigerian Exchange Limited following the completion of the CPs. Last Thursday, MTN had announced the CPs, saying it was seeking to raise N52,895,846,000.00…
Ms Jane Kimemia is the Managing Director/Chief Executive Officer of Optiva Capital Partners Limited, a leading Investment immigration and wealth management company. She speaks about the global investment climate and the need for local investors to gain unfettered access to global markets in this interview with ANOZIE EGOLE In Nigeria, Assets Under Management at the…
FirstBank has launched a four-month promo to reward its customers with N170m worth of cash prizes. This was revealed in a statement made available to our correspondent on Wednesday. The promo titled ‘Win Big promo’ started on October 23 and will run till February 23, 2024. At the end of the four-month promo, 1,240 new…
The United Bank for Africa Plc and the Saudi Export-Import Bank have signed a Memorandum of Understanding to foster economic cooperation and trade relations. According to a statement from the lender, the MoU was signed on the sidelines of the Saudi-African Summit in Saudi Arabia on Thursday. It stated that the partnership between the bank…
This warning was contained in a release by the Nigerian Meteorological Agency (NiMET) on weather alerting the public on the possibility of deterioration in visibility as a result of observed dust haze propagated into the country from the source region. According to the release, “Winds over 10m and 925hPha are favorable for Dust-Haze propagations into…
Sterling Bank says it is committing N1bn to agro-innovators at the upcoming 5th edition of its annual event, Agric Summit Africa, known for its contributions to the agriculture sector. A statement said, this year’s event, themed, ‘Empowering innovations: A confluence of capital, vision, and agribusiness enterprise’, would take place in November 2023 in Lagos, Nigeria….
Access Bank has strengthened its Development Banking Desk to drive sustainable development in Nigeria and across the African continent. Development Banking Desk is a specialised desk within Access Bank mandated to provide exclusive financial support to non-profit organisations such as international non-governmental organisations, non-governmental organisations, bilateral and multilateral institutions, donor agencies, embassies among others, who…
