Ecobank Nigeria announces pricing of $300m bond
Ecobank Nigeria said it has successfully priced its $300 million bond issuance maturing in February 2026, with settlement of the bond to take place on 16 February 2021.
The fixed-rate, US dollar-denominated bond, with a...
FCMB Offers N5m Interest Free Loan to Support SMEs
First City Monument Bank (FCMB), at the weekend intensified its support to Small and Medium Scale Enterprises (SMEs) by providing interest free loans of up to N5million to entrepreneurs.
The support, under the Bank’s SheVentures...
Fidelity bank issues largest ticket tier 11 local bonds
Fidelity Bank Plc says it has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due 2031.
Fidelity Bank Chairman, Mr Mustapha Chike-Obi, who disclosed this...
Nigeria Needs More FDIs To Funds Capital Projects say Jonson Chukwu
The Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu, has said that Nigeria needs appropriate policies that will attract Foreign Direct Investment (FDI) into the country.
Chukwu in his presentation at a virtual workshop...
Senate summons Emefiele over ban on crypto currencies
. Says service wide vote big
.We ‘ve no power to audit NNPC, CBN others says Auditor-General
ADEKUNLE ADESUJI, Abuja
The Senate has mandated its Committees on Banking and Insurance, Capital Market, ICT and Cyber Crimes to invite...
NSE rebounds by N167bn on Dangote Cement gain
After days of persistent bearish trend, transactions on the nation’s bourse rebounded on Thursday by 0.78 per cent following buying interest in Dangote Cement.
Specifically, the All-Share Index rose by 318.29 points or 0.78 per...
Dangote Refinery’s has potential of bailing out Nigeria of economic downturn—-IMF
The International Monetary Fund (IMF), the global financial watchdog is projecting that Nigeria's Dangote Refinery would provide an elixir for the country's economy when it is completed and start production by 2022.
In its latest...
UNITLIFE partners Ecobank foundation on malnutrition amongst children in Africa
UNITLIFE, the United Nations initiative dedicated to fighting chronic malnutrition through innovation, and the Ecobank Group’s Foundation has announce the launch of “Make the Connection” campaign, aimed at raising awareness and funds to prevent...
FirstBank hits 86,000 Firstmonie agents, empowers more Nigerians
In furtherance of the need to promote business activities of its agent banking platform, First Bank of Nigeria Limited, has announced the provision of loan facilities of up to one million naira to its...
NSE market capitalisation loses N426bn
The bears continued to dominate trading on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N426 billion in about six hours of trading.
Consequently, the market capitalisation which opened at N21.715 trillion shed...
