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AfDB Creates $300m Loan Facility To Assist Women In Agri-Business

AfDB Creates $300m Loan Facility To Assist Women In Agri-Business

African Development Bank (AfDB) has created 300 million US dollar financing facility to fund African women in agri-business to accelerate agriculture within the next 12 months, the October Newsletter Edition of the AfDB disclosed on Friday in Abuja. The Newsletter quoted the President, AfDB, Dr Akinwumi Adesina, as announcing the decision during the bank’s conference… […]

Microfinance Banks And Their N80bn Loans

NICON Insurance Limited and the National Association of Microfinance Banks have formed a synergy to bail out 940 microfinance banks and their over six million customers from bad loans estimated at over N80bn. The National President of NAMB, Mr. Valentine Whensu, who stated that the micro finance sub-sector had recorded not less than N80bn as […]

World Bank Defends $75m Loan To Edo State

World Bank Defends $75m Loan To Edo State

The World Bank has defended its $75 million loan to Edo State Government, saying it grants significant funding only to governments it trusts would use the funds judiciously to achieve its development results. Speaking on Wednesday at a three-day retreat for members of the State Executive Council and Permanent Secretaries holding at the Transcorp Hilton […]

Nigeria, Others To Access $100bn World Bank Loan On Emission Reduction

Nigeria, Others To Access $100bn World Bank Loan On Emission Reduction

The World Bank Group and other multilateral development finance institutions have assured the developing countries, including Nigeria, that they could access another $100 billion in carbon credit funding assistance to help them further mitigate the consequences of rising climate change in their various jurisdictions. The World Bank President, Jim Kim Yong, raised the hopes of […]

$285m Loan Received By ETI From Deutsche Bank

Ecobank Transnational Incorporated has secured a $285m senior unsecured loan facility from Deutsche Bank AB. The Nigerian Stock Exchange said in its weekly report that the ETI notified it last week that it had received the one-year senior unsecured loan facility. The Exchange also said Ecobank notified it that it had appointed Deutsche Bank to […]

$285million Facility Secured By Ecobank Transnational Incorporated

$285million Facility Secured By Ecobank Transnational Incorporated

Ecobank Transnational Incorporated has notified the Nigerian Stock Exchange of its receipt of a one-year senior unsecured loan facility of $285 million from Deutsche Bank AB. ETI said it appointed Deutsche Bank to be Initial Mandated Lead Arranger, Book-runner and Facility Agent, together with a syndicate of international banks to arrange this financing. Deutsche Bank A.G […]

Nigeria’s Interbank Rates, Bond Yields Plunge On CRR Reduction

Nigeria’s interbank lending rate and bond yields plunged steeply sharply on Wednesday, September 23 after markets received a cash boost stemming from the Central Bank of Nigeria’s reserve ratio cut. According to traders in Lagos, interbank rates slid to 6 per cent after climbing as high as 50 per cent, while bond yields slipped by […]

CBN Moves To Advance Agric Loans

CBN Moves To Advance Agric Loans

As the fall in global oil prices continues to batter oil-producing economies including Nigeria, the Central Bank of Nigeria has begun moves to encourage banks to advance more loans to stakeholders in the agriculture value chain. As a result, the CBN has organised a workshop on ‘innovative agricultural insurance products’ aimed at making insurance companies […]

Banks Tranasfers Money To CBN Account

Banks Tranasfers Money To CBN Account

Deposit Money Banks in the country have transferred about N1.5tn from the accounts of Ministries, Departments and Agencies of the Federal Government to the Central Bank of Nigeria as the deadline for the commencement of the Treasury Single Account policy expires yesterday (Tuesday),. Top bank executives said a huge chunk of the amount left the […]

Stanbic IBTC Sabon Gari-Kano Branch

  1, Galadima Road, Sabon Gari Kano Kano 01 422 4821 – 01 422 4822 customercarenigeria@stanbic.com Monday-Friday 08:00 AM to 04:00 PM Sundays and public holidays: Closed

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