Allianz projects mild economic growth for Africa in 2022 outlook
Charles AbuedeFebruary 28, 2022
Says Nigeria, South Africa, Ghana, Kenya may tweak policy rates in 2022 pressured by inflation Africa’s economy, after recording mild growth in the year 2020 and the slowest in 2021, amid the coronavirus pandemic and slow rate of vaccinations, has been projected to grow mildly by 3.5 percent in 2022, again resulting from slow […]
Union Bank plans divestment from UK subsidiary to become fully Titan
Charles AbuedeFebruary 24, 2022
Union Bank of Nigeria, one of Nigeria’s oldest banks, has dropped hints of its plans to divest its entire shareholding in Union Bank UK, its United Kingdom subsidiary. This comes as the bank continues with its assets transfer process following its acquisition by Titan Trust Bank in December 2021, which many foresee will turn the […]
BUA Foods joins SSA big coys to drive 3.1% market cap surge to $116.43bn
Charles AbuedeFebruary 18, 2022
Rules Nigeria’s consumer goods sector ahead Nestle Nigeria, with N21.7bn in market cap 7 out of 14 SSA stock markets have positive US$ returns YTD BUA Foods, newly listed on the Nigerian local bourse, made an immediate entry and has been welcomed into the top 30 largest companies across sub-Saharan Africa (SSA, excluding South Africa) […]
CrowdForce secures $3.6m to expand financial inclusion across Nigeria
Onome AmugeFebruary 17, 2022
CrowdForce, a Nigerian fintech agent distribution platform, has raised a $3.6 million pre Series-A investment aimed at addressing challenges hindering financial services availability by deepening its financial service offerings to unbanked and underbanked communities. The equity and debt round was led by private equity firm, Aruwa Capital Management, with participation from HAVAÍC and AAIC. […]
BoI’s successful €700m public Eurobond issuance sees RMB as bookrunner
Charles AbuedeFebruary 16, 2022
The Bank of Industry (BOI) has set the pace in the international debt market as the first African national development finance institution (DFI) to issue a public Eurobond worth 700 million euros by way of the 144A/RegS Senior Note Participation Notes, irrevocably and unconditionally guaranteed by the Federal Government of Nigeria. The BoI said the […]
What should you look for in an online slots game?
Businessam StaffFebruary 16, 2022
Slot games are always the most popular choice in online casinos. However, new players might not be aware of the weight that slot games bring to the online casino industry. It is one of the most important games on the platform which is why players need to know what to look for when they want […]
MTN’s N89.99 bond rated AAA with stable outlook by GCR
Charles AbuedeFebruary 15, 2022
MTN Nigeria Communications Plc.’s N89.999 billion Series 2 Senior Unsecured Bonds have received AAA (NG) long term issue rating from GCR Rating with a stable outlook, the rating agency said in a rating note. According to the note, GCR upgraded the national scale long-term issuer rating of MTN Nigeria to AAA (NG) and affirmed the […]
Wema Bank Employs 69 Graduates
Businessam StaffFebruary 14, 2022
In yet another demonstration of its unalloyed support for the growth and advancement of the careers of Nigeria’s teeming youths, leading innovative financial institution, Wema Bank, has employed 69 new graduates who recently completed its Bankers-in-Training Scheme.The Bankers-in-Training scheme is an intensive 14-week programme to help develop well-rounded bankers who are taken through the rudiments […]
Betting Sponsorship in Sports
Businessam StaffFebruary 14, 2022
Times have changed, money has become more and more important. Some sponsors completely dropped their associations with specific sports or events due to the competition for money. Others, on the contrary, have decided to take advantage of new betting sources by partnering up with bookmakers that offer profitable deals. For all this, we can be […]
Nova MB says N50bn CP listing will aid quest to change Africa’s financial sector
Charles AbuedeFebruary 10, 2022
Listing on FMDQ follows N10bn bond in 2021 After the successful listing of its N10 billion bonds, which recorded 300 percent oversubscription on the FMDQ Exchange in 2021, Nova Merchant Bank has announced the successful listing of its N50 billion commercial paper on the FMDQ OTC Exchange after due diligence by the Board […]