27 results
- 12 Dec 2018
Heirs Holdings Inks $600m Facility Deal with Afrexim Bank, to Scale its Energy Investments.
African Export-Import Bank’s (Afrexim), has signed financing facilities totalling US$600 million with the Heirs Holdings Group, a pan-African proprietary investment holding company. This is as…
- 23 Aug 2024
Afrexim Bank Boosts Africa’s Creative Industry with Launch of “One Drum” EP
Afrexim Bank’s Creative Africa Nexus (CANEX) programme has launched the highly anticipated “One Drum” EP, a collaborative music project that brings together top artists from Africa and the diaspora.…
- 26 Jul 2024
Companies May Flee Nigeria over Proposed Percent Levy– Afrexim Bank
The proposed 5 percent tax on companies earning over N100 million for community development projects could result in the exits of multinationals from the country, a new report by Afrexim Bank has…
- 30 Jun 2021
AfreximBank to Support Ogun Infrastructural Development with $200m
The African Export-Import Bank (Afrexim) has disclosed plan to support infrastructural development in Ogun State with an envelope of $200 million. The fund, according to the bank, will be dedicated…
- 25 Oct 2023
Fidelity Bank Boosts Nigeria’s Non-Oil Exports with FITCC Houston
The much-anticipated second edition of the Fidelity International Trade and Creative Connect (FITCC) got off to a boisterous start on Tuesday, 24 October 2023 as leading financial institution…
- 15 May 2018
Smile Communications Embroiled in Claims, Counters over $125m Loan
Smile Communications Nigeria Limited is embroiled in claims and counters over the $125 million loan it obtained from Afrexim Bank, and routed the loan through a local bank, Diamond Bank. A…
- 4 Aug 2020
Post-COVID-19 Economy: UBA Facilitates $1.5Bn Financing for NNPC, NPDC
United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as the lead arranger of a consortium of Nigerian commercial and international banks in a $1.5 billion…
- 9 Jun 2022
Nigerian Institutions Commit to the Growth of the Nigerian Leather Industry
In a bid to highlight the positive impact the leather industry has on Nigeria’s economy, leading Nigerian institutions have expressed their unwavering commitment to the growth of the leather sector…
- 20 Jan 2021
Ecobank Braces Up For Quick Payments as AfCFTA Takes Off
Ade Ayeyemi, group Chief Executive Officer, Ecobank Transnational Incorporated (ETI), has affirmed that the pan-African banking group is facilitating smooth and instant payments across Africa as…
- 6 Nov 2022
Africa Investment Forum 2022 Draws $31 billion in Investor Interest
This year’s just concluded Africa Investment Forum Market Days—the continent’s premier investment platform—has drawn $31 billion in investment interest from African and global investors. Combined…
- 20 Jul 2025
UBA’s LEO Becomes Africa’s First Chatbot to Enable Cross-Border Payments
United Bank for Africa (UBA) Plc, Africa’s Global Bank, has announced that its Artificial Intelligence chatbot, LEO is now enabled to carry out cross-border payment transactions. Oliver Alawuba,…
- 17 Aug 2020
AFRIMA Seeks Covid-19 Palliatives for African artistes, Culture Industry Stakeholders
International Congress of the All Africa Music Awards (AFRIMA) has lent its voice to the advocacy for COVID-19 palliative measures for artistes and other practitioners in the music, culture and…
- 13 Apr 2026
Fidelity Surges Ahead in Recapitalisation Drive with ₦564bn Capital
As the Central Bank of Nigeria’s (CBN) recapitalisation exercise came to an end March 31, 2026, most banks operating in the country rose to the challenge and met the requirement ahead of time.…
- 31 Oct 2023
Fidelity Bank wins Export Finance Bank of the Year award at 2023 BusinessDay BAFI Awards
Fidelity Bank Plc’s leadership in the exports space has once again been reaffirmed with the bank’s emergence as the Export Finance Bank of the Year at the BusinessDay and Other Financial…
- 25 Aug 2025
Miden Systems Drags Bank to Court over Alleged Forgery, Misappropriation
Miden Systems Limited, an Abuja-based firm, has dragged Sterling Bank Limited and some of its management staff before the Chief Magistrate’s Court, Wuse Zone 2, Abuja, over allegations of conspiracy,…
- 26 Dec 2023
TitanTrust Bank / Union Bank: A Call for Transparency by Investigators
By Azubike Ugwu In the last three days, we have seen a storm of allegations regarding the ownership of Titan Trust Bank Limited (TTB) and Union Bank of Nigeria Plc ("Union Bank"), and this has…
- 24 Aug 2025
Fidelity Bank to Host Strategic Export Financing Panel at FNITCC Atlanta 2025
As part of its ongoing commitment to expanding Nigeria’s footprint in global trade, leading financial institution Fidelity Bank Plc has announced it will host a high-level panel session at the…
- 31 Aug 2021
DBN Disburses N400bn to MSMEs
The Development Bank of Nigeria Plc has disbursed the sum of N400 billion to over 150, 000 Micro, Small and Mediun Enterprises (MSMEs) since its inception in 2017. Mr. Tony Okpanachi, the Managing…
- 14 Mar 2023
SEC says PAPSS Implementation will Aid Capital Market Diversification
The Securities and Exchange Commission (SEC) has said that it is excited about the implementation of the Pan-African Payment Settlement System (PAPSS) as it will encourage intra-African trade and aid…
- 24 Dec 2023
CBN's Special Investigator, Jim Obazee Accuses Emefiele of Using Proxies to Buy Banks
Jim Obazee, the special investigator appointed by President Bola to investigate the activities of former Central Bank Governor, Godwin Emefiele, has revealed in his report that the former apex bank…
- 9 Dec 2019
Arik Air Gears Up for Christmas Operations, Receives 2 Aircraft
Arik Air has received two aircraft from C-Check over the weekend, thereby boosting the operations of the airline in the coming festive season. The two aircraft include a Q-400, while the Boeing…
- 28 Jul 2024
LH Telecoms, Nigerian Firm Acquires Majority Stake in 9mobile, Changes Board
LH Telecoms Limited, a Nigeria based company has acquired Emerging Markets Telecommunication Services Limited, operating under the trade name 9Mobile. According to a statement issued on Sunday by the…
- 25 Nov 2024
BoI Raises Over $5Bn Funding, 2Bn Euro Syndications
In its bid to provide adequate funding for Nigeria’s industrial development finance, the Bank of Industry Limited, BoI, has raised over $5 billion in international funding instruments. The bank has…
- 30 Dec 2018
Fitch Places Diamond Bank, Access Bank on Rating Watch over Proposed Merger
Fitch Ratings, renowned rating agency, has placed Diamond Bank and Access Bank, on its rating watch, following the announcement of a proposed merger between the Nigerian lenders. In a…
- 5 Dec 2025
PAPSS Cowry to Benefit Manufacturers, SMEs
Manufacturers and small businesses are set to benefit from a new era of seamless cross-border payments, thanks to the launch of the Pan-African Payment and Settlement System- PAPSS Cowry, a…
- 26 May 2020
Global Leaders @ 2nd UBA Africa Day Conversations Urge Government, Private Sector Collaboration
United Bank for Africa (UBA) celebrated Africa Day 2020, by bringing together global leaders at the 2nd UBA Africa Day Conversations, screened live across the continent. UBA helps set the debate…
- 30 Aug 2024
FG Unveils Committee to Advance Risk Management in Nigeria
To bolster Nigeria’s approach to risk management, the Federal Government has inaugurated a new committee dedicated to evaluating and addressing various national risks. The announcement was made by…