Access Bank has partnered with the Dutch Entrepreneurial Development Bank (FMO) to secure a syndicated Tier II Facility agreement valued at $295 million (approximately N442.5 billion). According to a statement from the bank provided to newsmen, this agreement underscores a longstanding and successful relationship that has spanned over two decades […]
Author: Business Nexus
Banks’ credits to private sector rise by N30 trillion
Nigerian banks have created about N30 trillion in new loans and supports for the private sector in a sustained efforts that have seen the banking sector emerging as the backbone of the country’s economic renewal agenda. Latest data from the Central Bank of Nigeria (CBN) indicated that credit to the […]
GTCO Plc begins public offer to raise N400.5 billion
Guaranty Trust Holding Company Plc (GTCO) has announced the opening of its offer for subscription of 9,000,000,000 ordinary shares at 50 kobo each, priced at N44.50 per share. This follows the clearance of the offer prospectus and the registration of the shares by the Securities and Exchange Commission of Nigeria […]
AIICO Insurance settles claims worth N200 billion in 5years – Fajemirokun
AIICO Insurance Plc has said that it has paid over N200 billion in claims and benefits settlements over the past five years. Managing Director/CEO of AIICO Insurance Plc, Mr. Babatunde Fajemirokun stated this in a statement released in Lagos on Wednesday. Fajemirokun noted that this reflects AIICO’s commitment to providing […]
Only increased crude production can resolve Nigeria’s exchange rate crisis- Cowry Asset MD
The Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu has said that the only solution to Nigerian exchange rate crisis is improving crude production. Chukwu stated a webinar tagged HY 2024 Nigerian Economic and Financial Markets Review and Outlook for H2 organized by the company. He noted that government’s […]
Finance minister urges new SEC board to embrace tech and innovation for effective market regulation
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called on the newly appointed board of the Securities and Exchange Commission (SEC) to embrace innovation to effectively regulate a dynamic capital market. Speaking during the board’s inauguration in Abuja on Monday, Edun expressed his enthusiasm […]
GTCO unveils N400.5 billion public offer to fuel international growth and innovation
Guaranty Trust Holding Company Plc (GTCO) has unveiled plans for a substantial N400.5 billion capital raise through a public offer, aimed at fortifying its financial foundation and expanding its global presence. The announcement, made during the “Facts Behind the Offer Presentation,” featured insights from GTCO’s Group Managing Director, Mr. Segun […]
eTranzact expands utility bill payment solutions to Northern Nigeria
eTranzact Plc, a leading e-payment gateway company, has announced the expansion of its utility bill payment solutions to the northern region of Nigeria. Residents of Jos, Bauchi, and Kaduna can now effortlessly top up their electricity bills using the Powercode service by simply dialing *389# on their mobile phones and […]
VFD Group Plc announces key board appointments and resignation
The Board of VFD Group Plc has announced the appointment of Mr. Ibraheem Nahim Abe and Mr. Hubert Asamoah as Non-Executive Directors. Additionally, Mrs. Morenike Ominike has been appointed as the Executive Director of Operations. This announcement was made in a notice to the Nigerian Exchange Limited and the investing […]
eTranzact deploys digital verification system for the military pensions board
eTranzact, a leading provider of innovative financial technology solutions, has announced its role as the technology solution provider for the Military Pensions Board’s new digital verification system for military pensioners, officially launched on July 1, 2024. This initiative marks a significant milestone in leveraging technology to streamline pension verification processes […]