Bayo Akinloye Contrary to President Muhammadu Buhari’s claim on Friday that his discussion with the President of the World Bank Group, Jim Yong Kim, was twisted, a huge chunk of the financial institution-backed projects in partnership with the Federal Government is based in the North,
World Bank: Crude Oil Prices to Average $53/bbl in 2017
Projected average represents 24% increase over 2016 figures Nigeria’s GDP growth expected at 1% this year, 0.2% lower than April. The World Bank has projected that crude oil prices would average $52-$53 per barrel (bbl) this year- an increase of 24 per cent over 2016…
Knocks for Buhari over World Bank demand, Northern govs speak, back him
Criticism across the country followed the disclosure by the World Bank that President Muhammadu Buhari asked it to focus its activities on Northern Nigeria.
Presidency: World Bank President’s Comment about Buhari Twisted by Mischief Makers
Request made in presence of three southern governors, says Gov. Shettima By Omololu Ogunmade in Abuja and Michael Olugbode in Maiduguri The presidency yesterday deplored scathing criticisms which accompanied the disclosure by World Bank President, Jim Kim, that President Muhammadu Buhari asked the bank to concentrate its developmental agenda only on Northern Nigeria.
Infrastructural Devt: FG Urges W’Bank, IMF to Raise Investments in Renewable Energy
In Washington DC Nigeria has requested the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in order to deliver development results and meet global climate goals.
Interswitch Group has announced its partnership with six Nigerian banks and three credit lenders to offer loans to Small and Medium scale Enterprises (SMEs) and underserved individuals via its lending platform.
First Bank of Nigeria Limited has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country.
FirstBank partners NESG on summit
As part of the continued commitment to drive thought leadership, policy influencing initiatives and sustainable national economic development, First Bank of Nigeria Limited has partnered The Nigerian Economic Summit Group to host the 23rd Nigerian Economic Summit (NES#23) with the theme: ‘Opportunities, Productivity & Employment: Actualizing the Economic Recovery and Growth Plan’.
First Bank Private Banking, MRS lift Patrons Polo
First Bank Private Banking and MRS are the marquee sponsors driving the ongoing African Patrons Cup Polo Tournament at the Fifth Chukker Polo & Country Club, Kaduna.
2017 FIBA Africa Women’s Champions Cup: Ahmedu Targets Final Round Place With First Bank
First Bank women basketball team coach, Peter Ahmedu, has set a final round target for his team at the 2017 FIBA Africa Women Champions Cup Zone 3 qualifiers,
First Bank empowers 100 pupils
The First Bank of Nigeria has embarked on career counselling with 100 secondary school pupils in the Federal Capital Territory. Justifying the need for the empowerment, the Executive Director, Retail Banking North, Abdullahi Ibrahim said the programme will help to provide the students in making the right career choice.
zenithZenith Bank Plc, in its bid to boost financial education, is to partner the CFA Society Nigeria to sponsor the CFA Institute Research Challenge in Nigeria.
We want to deepen ICT knowledge in Nigeria —Zenith Bank boss
The management of Zenith Bank has said it is planting the seed of Information and Communications Technology (ICT) knowledge in Nigeria through its sponsorship of Nigerian students in the global Microsoft World Championship.
GTBankNigeria’s Guaranty Trust Bank’s (GTBank) offer to repurchase its $400 million six percent notes due 2018 has recorded 30.77 per cent success as only $123.066 million in aggregate principal amount of the offer was validly tendered before the deadline.
Stanley Opara AxaMansard Insurance Plc, Diamond Bank Plc, Linkage Assurance Plc, Livestock Feeds Plc and Transnational Corporation of Nigeria Plc emerged the top five gainers at the close of trading on Thursday as the Nigerian Stock Exchange market capitalisation appreciated by N27bn.
Diamond Bank boosts Nigeria’s tech sector
Diamond Bank has announced that it is holding a full-day experience called “Tech Fest” to bring together the best talent in Nigerian technology – one of the country’s fastest growing sectors.
Diamond Bank evasive on promotion of new CBN Deputy Governor Aishah Ahmad
Diamond Bank, the current employer of newly appointed Deputy Governor of the Central Bank of Nigeria, Aishah Ahmad, has given a dodgy response when asked by this newspaper to respond to widespread claims that Ms. Ahmad was promoted executive director on the same day she was appointed to the top CBN post.
Fidelity Bank Plc has successfully issued a $400 million Eurobond. The bank issued the five-year securities with a 10.75 per cent yield on Wednesday. Fidelity is the third Nigerian bank to sell Eurobonds this year after bigger rivals Zenith Bank Plc and United Bank for Africa Plc.
Fidelity Bank, Others Mark One Year Of Export Management
Fidelity BankThe Fidelity Bank, Lagos Business School (LBS), and the Nigerian Export Promotion Council (NEPC), have successfully marked one-year of collaboration in Export Management Programme (EMP), and the graduation of fifth stream titled EMP5 (2017 Series).
Nigeria’s Economy Requires Transformation, Says Fidelity Bank Chairman
The Chairman of Fidelity Bank Plc, Mr. Ernest Ebi has advocated a fundamental transformation of Nigeria’s economy via a broad range of policy measures that can put the economy on strong foundation for sustainable growth and development.
Fidelity Bank Offers To Buy Back $300m Debt
fidelity bankFidelity Bank has announced offers to buy back $300 million worth of debt and intends to issue new notes, with a goal of extending the maturity of its debt profile.
United Bank for Africa (UBA) Plc says it has invested more than $5billion to support infrastructure development in African in the last seven years.
Tony Chukwunyem with agency report Access Bank Plc has announced its intention to inject additional capital into its operations in Ghana before the end of Q1 in 2018 after all regulatory requirements are fulfilled,
Access Bank reward 118 loyal customers to encourage savings culture
Afolabi Adesola Customers of Access Bank PLC who have imbibed the culture of savings are being rewarded as more winners have emerged from the ongoing Access Bank Family Fortune Promo. Last week, the Bank rewarded an additional 118 customers in its second monthly selection of winners, at an event which held at the Bank’s Alausa.
Access Bank renovates classrooms for Lagos school
The Corporate Operations Unit of Access Bank Plc has renovated two blocks of classrooms at Keke Nursery and Primary School, Agege, Lagos. The lender handed over the classrooms to the management of the school in a brief programme in the school premises.
Stanbic IBTC CEO spotlights areas of collaboration for banks and fintechs
Banks and technology firms in financial services popularly known as fintechs, have more to benefit from collaboration, according to the chief executive officer of Stanbic IBTC Plc, Demola Sogunle.
Stanbic IBTC Bank unveils silver banking service
Stanbic IBTC Bank PLC has unveiled a new customer value proposition designed to help middle income earners achieve financial objectives seamlessly. The Stanbic IBTC Silver Banking service offers customers a comprehensive bouquet of financial products and services.
Stanbic IBTC partners clients on employee productivity
Stanbic IBTC Bank Plc, has partnered Human Resources Managers, HRM of the companies whose employees subscribe to its Workplace Banking offerings to increasing employee productivity through engagement.
Union Bank takes centenary anniversary celebrations to Abuja, Oyo, Enugu
As part of year-long activities to mark its centenary anniversary, Union Bank recently celebrated with its customers and stakeholders in Abuja, Oyo and Enugu in appreciation of their commitment and support over the years.
Growsel partners Union Bank to provide agro credit for farmers
Growsel, Nigeria’s leading agricultural technology startup has partnered with Union Bank of Nigeria (UBN) to provide agro credit for smallholder farmers across the country.
Union Bank assures shareholders over N50bn rights issue
…..as 80% rights proceeds goes to operations Union Bank of Nigeria (UBN) Plc, on Wednesday, said its ongoing N50 billion rights issue would position the bank to pay enhanced dividends to its shareholders.
Union Bank, Zenith, others win big at the BusinessDay Banking awards
The Group Managing director of Union Bank, Emeka Emuwa emerged the Bank CEO of the Year while Zenith Bank was announced the Bank of the Year at the BusinessDay Banking Awards that held on Saturday, 14 October, 2017.
’Femi Asu The Managing Director/Chief Executive Officer of Heritage Bank Plc, Mr. Ifie Sekibo, has said the bank is committed to developing young African entrepreneurs. A statement on Wednesday said the bank, in partnership with the organisers of the Next Titan Nigeria, Bravopoints International Limited, had unveiled 16 finalists with brightest business ideas…
Wema Bank to reorganise capital at EGM
Stanley Opara Wema Bank Plc says it will be reorganising its share capital at its forthcoming Extraordinary General Meeting, where it will be seeking the consent of shareholders in the comprehensive scheme of capital reduction.
Skye Bank empowers women entrepreneurs
Skye Bank Plc is committed to empowering women entrepreneurs across various sectors of the Nigerian economy. This position was further reinforced by the bank when it presented certificates of proficiency to three lucky members of the Skye Pearl community who participated in the just -concluded three-month art of fashion training organised by Ibile Vogue Academy.
Sterling Bank’s Savings Promo Makes 16 Millionaires
Sterling-BankSterling Bank Plc has again produced another set of millionaires in its on-going savers reward promo initiated to reward customer loyalty and encourage savings culture among Nigerians. At the end of the third draw held in Lagos at the weekend, 16 individual customers with a monthly balance of N25,000 in their savings accounts won N1million each.