Fidelity Bank moves to grow its trade finance war chest   

Fidelity Bank moves to grow its trade finance war chest   

  Approaches international debt market for $500m Plans trading Eurobond on Irish Exchange   Fidelity Bank, one of Nigeria’s leading tier-2 lenders, has said it is considering raising $500 million through an unsecured note issuance in the international debt capital market to support its trade finance business. The unsecured and unsubordinated notes are proposed to […]

PSL Capital births Parthian Securities to accelerate growth investment needs in Nigeria’s capital market

PSL Capital births Parthian Securities to accelerate growth investment needs in Nigeria’s capital market

After nine years of incorporation and licensing by the Securities and Exchange Commission (SEC), PSL Capital Limited, an indigenous broker/dealer firm, has completed a strategic rebranding effort through the change of name to Parthian Securities Limited. The rebranding is part of the company’s efforts to accelerate growth and renew its corporate vision. Parthian Securities Limited, […]

Domestic equities: Q3 earnings releases to keep sentiment bullish after strong buying interest in FBNHoldings

Domestic equities: Q3 earnings releases to keep sentiment bullish after strong buying interest in FBNHoldings

Analysts at Afrinvest Securities Research and Vetiva Capital Research have expressed positive expectation for a sustained bullish performance in equities market space this week as positive investment begins to take centre stage ahead of Q3 earning season releases. Activities in the local equities market had been boosted last week by demand for stocks in the […]

CBN reports 35% growth as Nigerians embrace digital payment 

CBN says cryptocurrency ban in interest of Nigerians

The number of Nigerians using digital payment has increased by 35 per cent, according to the Central Bank of Nigeria (CBN). Hassan Mahmud, director, monetary policy department, CBN, stated this in a recent presentation titled ‘Implications of trends in the digital financial ecosystem for monetary policy implementation’.   According to Mahmud, Nigeria recorded high growth […]

First Bank engages NIBSS to boost digital payment service

First Bank engages NIBSS to boost digital payment service

First Bank of Nigeria Limited has initiated a partnership with Nigeria Inter-Bank Settlement System Plc. (NIBSS) to facilitate the Nigeria Quick Response (NQR) Payment Solution, an innovative payment service designed to promote customer’s transaction experience by scanning the code on a mobile device. A statement by the premier bank said the initiative reduces costs for […]

MTN Nigeria, Julius Berger, join design experts to host Design week Lagos

MTN Nigeria, Julius Berger, join design experts to host Design week Lagos

Plans to create an ecosystem of designs; shift the paradigm MTN Nigeria, Africa’s largest wireless carrier and construction heavyweight, Julius Berger, have joined forces to collaborate with innovative and creative design experts across disciplines, including architecture, industrial design, interior design, furniture design, graphics design, and technology, to host Design Week Lagos (DWL), an initiative founded […]

Agusto & Co. affirms UBA’s ‘Aa-’ stable outlook rating

Agusto & Co. affirms UBA’s ‘Aa-’ stable outlook rating

Agusto & Co., the pan-African credit rating agency, has affirmed the ‘Aa-‘ rating to United Bank for Africa (UBA), a leading Nigerian lender with a Stable Outlook. The rating, according to the industry research provider, reflects UBA’s Pan-African franchise value, which has upheld a good liability generation strategy and a strong ability to refinance across […]