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 →

Banking and Finance Economy News & Reports

UBA, DEG Sign $50m Term Loan to Support Small Businesses in Nigeria

The United Bank for Africa (UBA) Plc, and Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German Development Finance Institution, have entered into a partnership aimed at supporting small and medium scale businesses (SMEs) in Nigeria. To this end, both institutions have signed a USD 50m Term Facility Agreement. The facility with a tenor of six years is …read more →

Banking and Finance News & Reports

Fidelity Bank Puts Smiles on Customers’ Faces With Cash Gifts

Fidelity Bank remains committed to putting smiles on its customers’ faces by enriching their lives through its ongoing savings loyalty program. To mark this year’s Children’s Day, the bank doled out N150, 000 to 62 Sweet Account (SWEETA) holders across the country, a whopping total of N9.3 million.  As part of its efforts to deepen …read more →

Banking and Finance Opinion Technology

Harnessing AI/ML to Transform Your Mission and Save the World

By Wale Akanbi Chief Technical Officer, Aella Credit The field of Artificial Intelligence (AI) and Machine Learning (ML) is advancing rapidly and the adoption of these technologies across industries in recent years has steadily risen. Unfortunately, the potential of these tools to improve people’s lives and address some of the world’s biggest challenges are barely spoken about across mass …read more →

Banking and Finance Economy News & Reports

Nigerian Banking Credit to Economy Rises 3.74% To N23.53 Trillion in April – CBN

Nigerian banks granted a total of N23.53 trillion credits to the economy as of the end of March 2021, compared with N22.68 trillion at the end of December 2020, the Central Bank of Nigeria (CBN) has said. The gross credit rose 3.74 percent quarter on quarter as the regulatory bank’s policy on loan-to-deposit-ratio continues to influence …read more →