The African Export-Import Bank (Afreximbank) said it has successfully raised $750 million note under its Euro Medium Term Note programme, in a move to boost lending to African borrowers who would enjoy the positive effects of the reduction in cost of funds.
CBN sustains financial inclusion engagements in Lagos
The Central Bank of Nigeria (CBN), at the weekend, engaged entrepreneurs and residents in Lagos on its various intervention programmes meant to stimulate the economy and boost people’s living standards.
Mortgage institution targets growth, others
Olowookere, who noted that 2016 was his first complete financial year, having taken the saddle in November 2015, noted that the management team is entirely new. This he added brought about the needed impetus and innovations that saw the bank performed creditably....
Remodelled YouWiN to mobilise N2.5 billion for SMEs
The move to give small businesses in the country the required support for take-off and survival may have received fresh boost as the retooled pet project of the current administration - YouWiN! Connect is targeting a N2.5 billion funding under co-investment model.
Stanbic Trustee tasks Nigerians on wealth documentation, will
Stanbic IBTC Trustee Limited has stressed the need for Nigerians at all levels to adopt will writing before death comes to avoid crises in sharing of legacies after death among people left behind.
Ecobank adopts new measures to boost risk management processes
The Group Chief Executive Officer of the bank, Ade Ayeyemi, explained that these are part of the bank’s growth plans to enhance profitability and increase market share in the industry.
Conoil profit rises by 23 per cent in full year
Amid harsh operating environment, Conoil plc has posted profit after tax of N2.84 billion in its 2016 operations. The figure represents 23 per cent increase when compared to N2.30 billion achieved in the corresponding period in 2015.
FCMB opens banking hub, youth platform at UNIBEN
First City Monument Bank (FCMB) has opened a mini branch tagged “Flexx Hub” at the University of Benin (UNIBEN), where basic banking transactions can be carried out, while also serving as an exclusive banking arena for FCMB’s customers who hold its youth account, known as Flexx.
MasterCard partners Nigerian start-up for online payment solution
MasterCard has partnered with Nigerian tech start-up, NetPlus, to develop an e-commerce solution that will help reduce usage of cash for e-retailers and consumers alike.