Stanbic IBTC Announces New Facility Deal For Eland Oil & Gas
Yemisi Izuora Stanbic IBTC, has announced a new accordion facility and increased borrowing base of $50 million (about N18 billion), for Eland Oil & Gas. The facility is being underwritten…
Money Market
Money Market
NIBSS Embarks On Infrastructure Upgrade
..Targets 600 Million Transaction In 2019 Yemisi Izuora The Nigerian Inter-Bank Settlements System Plc has commenced upgrading of infrastructures to bring about more efficiency as it aspires to double transactions…
AfDB Earmarks $25bn To Finance Climate Change Initiative For 2020-2025
Yemisi Izuora/Agency Report The African Development Bank (AfDB), has declared that it is on course to achieve its target of allocating 40 per cent of its funding to climate finance…
Access Bank Says Its N15bn Green Bond Fully Subscribed
Yemisi Izuora Access Bank Plc said on Monday confirmed that a five-year Fixed Rate Senior Unsecured N15 billion Green Bond, the first climate bond to be issued in Africa, was…
Zenith Bank Gets Shareholders Nod To Pay N87.9Bn Dividend
Yemisi Izuora Zenith Bank on Monday during its 28th Annual General Meeting, AGM, in Lagos received approval of shareholders to pay final dividend of N2.50k per share as dividends for the…
Nigeria Misses $10Bn Forex Earning Opportunity From Palm Oil Export
..Spends $500Mn On Import Annually- CBN Yemisi Izuora The Central Bank of Nigeria, CBN, has made a startling revelation that Nigeria, which was once a leading palm oil producer in…
First Bank Plans 125km Relay Walk
Yemisi Izuora The First Bank of Nigeria Limited and other corporate entities in the FBNHoldings group would collectively have a 125km Relay Walk on Saturday to celebrate the Bank’s 125…
World Bank, AfDB Sets Aside $47Bn To Fund Africa’s Climate Change
Yemisi Izuora The World Bank and the African Development Bank have agreed to commit more than $47 billion by 2025 to help African countries address the effects of climate change,…
CBN Says Nigeria’s Balance Of Payments Jumps By $2.80 Million
Yemisi Izuora The Central Bank of Nigeria (CBN), on Wednesday disclosed that the country’s Balance of Payment improved by a surplus of $2.80 million in the fourth quarter 2018, from…
Stanbic IBTC 2018 Earnings Up By 54% To N222.4Bn
Yemisi Izuora Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced its audited financial results for the financial year to 31 December 2018 showing a strong liquidity…
