Nigeria takes World Bank loan of $1.57 bn for 3 projects Nigeria has again taken another World Bank loan worth $1.57 billion to finance three projects in the health and educational sectors. The bank had earlier approved $2.25 billion loan for the country to boost its economic reforms. According[Read More…]
Polaris Bank recognised as Nigeria’s Best Bank in MSME lending Polaris Bank, Nigeria’s leading retail commercial banking has emerged as Nigeria’s Best Bank in Micro, Small, and Medium Enterprises (MSMEs) lending. The lender was recognised over the weekend for it’s long standing commitments to supporting MSMEs through several direct[Read More…]
BancABC Tanzania company to Operate as Access Bank Tanzania Limited Access Bank PLC has successfully satisfied all legal and regulatory requirements to complete its acquisition of African Banking Corporation (Tanzania) Limited, BancABC Tanzania or BancABC. With the acquisition now finalised, the entity in Tanzania will operate under[Read More…]
Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group, is partnering the Women in Mining In Nigeria (WIMIN) for its annual Gold & Gemstone Conference & Exhibition. The 3-day event scheduled for Thursday, September 26th to Saturday, September 28th will be held at the[Read More…]
Fidelity Bank Stock record Over 20% Growth Following Combined Offer Growing investor confidence and strong market participation have continue to boost optimism about Fidelity Bank’s stock as the bank experienced a remarkable 20% surge on the Nigerian stock market, with its share price surpassing the N13 mark by the[Read More…]
Access Holdings reports N348.9 billion pre-tax profit in H1 2024 Access Holdings Plc, a leading global financial institution, announced its half-year audited financial results for the period ended 30 June 2024. The results which underscore the company’s continued resilience, focus on delivering sustainable performance and commitment to creating long-term[Read More…]
Tinubu announces $550m Ubeta upstream gas project kicks off The Presidency has announced that the 550 million US Dollar upstream gas project between the Nigerian National Petroleum Corporation Ltd. (NNPCL) and TotalEnergies on the development of Ubeta field has taken off. This was disclosed by Olu Verheijen, the Special Adviser[Read More…]
The Nigerian National Petroleum Company Limited has pegged fuel it lifted from the Dangote refinery in September to be sold to the public at N950 in Lagos and above N1,000 per litre in the north. In a statement released on Monday by the NNPC spokesperson, Olufemi Soneye,[Read More…]
NG-CARES disburses N625bn to 36 states in 3 years The Nigeria COVID-19 Action, Recovery and Economic Stimulus (NG-CARES) has said it has disbursed N625 billion to the 36 states in Nigeria since the inception of the program. The National Coordinator of the programme, Dr Abdulkarim Obaje, stated this[Read More…]
Sterling Pioneers Africa’s First Indigenous Core Banking System Nigeria’s leading commercial bank and Africa’s most agile company, Sterling Bank Limited, has made history by migrating to what is believed to be the continent’s first ever indigenous core banking solution called SeaBaaS. The implementation of SeaBaaS, developed[Read More…]
