Banking and Finance ENERGY Infrastructure Infrastructure Financing News & Reports

UTM Offshore, Afreximbank sign $2bn MoU for Nigeria’s first floating LNG project

UTM Offshore and the African Export-Import Bank (Afreximbank) have signed an MoU to raise 2 billion dollars for the development of Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. Dr Yahuza Kassim, Principal Consultant for the development of the facility stated in Lagos on Wednesday that the MoU was signed on Tuesday in Abuja. He …read more →

Banking and Finance Infrastructure Financing News & Reports

Infracredit Guarantees Issuance of N20b Infrastructure Bond

InfraCredit, a specialised infrastructure credit guarantee institution, has announced its guarantee of GPC SPV N20 billion 10-year series one senior guaranteed fixed rate infrastructure bonds due 2031 under the N50 billion debt issuance programme. According to a statement by the company, the bond was oversubscribed by 25.3 per cent from nine institutional investors, including the …read more →

Banking and Finance ENERGY Infrastructure Financing News & Reports Power

FG Did Not Takeover Abuja Electricity Disco

The Nigerian Electricity Regulatory Commission (NERC) and Bureau of Public Enterprises (BPE) have said that the action   to appoint   an interim  team  to manage  Abuja Electricity Distribution Company (AEDC)  was  not done  on the directive   from the Federal  Government, but on the basis of legal  processes  arising  from the failure   of the core investor  in …read more →

Banking and Finance Infrastructure News & Reports

Leading Credit Infrastructure Company, Creditclan Partners Banks, Officially Pivots to BNPL

With the Buy now pay later (BNPL) category gaining momentum in the credit ecosystem across Africa, leading credit infrastructure startup, Creditclan, yesterday announced its pivot into the BNPL space after a successful six months beta period wherein they transitioned from credit software-as-a-service to BNPL platform. During this period, Creditclan focused on the usually overlooked alternative …read more →

Banking and Finance News & Reports

Wigwe, Emefiele Honoured With Juris Law Award for Outstanding Contributions in Finance Sector

The Chairman, Body of Bank CEOs and Group Managing Director of Access Bank PLC, Herbert Wigwe, has been recognised for his outstanding contributions to Corporate Governance and Rule of Law in Nigeria’s Banking Industry. Wigwe was presented the Juris Law Award by Chief Justice of Nigeria, Ibrahim Tanko Muhammad at the 2021 Judges Workshop on …read more →

Agriculture Banking and Finance News & Reports Trade and Investments

NIRSAL Boosts Cocoa Exports with Credit Guarantee

The Nigeria Incentive-Based Risk Sharing System for Agriculture Lending Plc (NIRSAL) is committed to enabling Nigerian cocoa farmers to benefit from the $67 billion global cocoa market, according to its chief executive officer, Aliyu Abdulhameed. While on a tour of ADT Russet Limited, in Apapa, Lagos State, which is a beneficiary of N1.5 billion facility …read more →

AFRICAReports Banking and Finance News & Reports

Herbert Wigwe is African Banker of the Year for the second time, consecutively

The Group Managing Director/CEO of Access Bank PLC Herbert Wigwe has been recognised as the African Banker of the Year at the 2021 edition of the African Banker Awards. A winner of one of the most prized categories at the Awards ceremony for the second consecutive year, Wigwe was recognised for his stellar leadership in …read more →

AFRICAReports Banking and Finance News & Reports

Access Bank Launches Women Empowerment Programme In Nigeria & Eight Other African States

Access Bank Plc has unveiled the third edition of its Womenpreneur Pitch-a-ton Africa programme as part of the bank’s mandate to empower female entrepreneurs with financial and business skills, The  Womenpreneur Pitch-a-ton Africa programme is designed to provide female owned businesses across Africa an opportunity to access finance, world-class business training as well as mentoring …read more →

Banking and Finance News & Reports

N39 million for Grabs as Fidelity Promo Final Draw Holds July 22

Fidelity Bank Plc, top Nigerian lender, has announced plans to enrich the lives of fifteen Nigerians with a total of 39 million Naira at the final draw of the Get Alert in Millions Campaign (GAIM) Season 4 savings promo, slated for July 22, 2021. The savings promotion, which is specifically aimed at promoting the culture …read more →