The African Development Bank has approved $100m senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum.
Diamond Bank has released its Q1 2018 unaudited financial results on the floor of the Nigerian Stock Exchange, highlighting realignment in its group structure with a strong focus on the Nigerian market.
As one of the most regulated industries in the world, banks are under pressure to not only comply with constantly changing regulations but also to modernise their systems.
Zenith Bank has overtaken First Bank as Nigeria’s largest bank by Customer Deposits, a position held by the latter for decades.
Effective June 2018, bank customers will not be able to use Unstructured Supplementary Service Data (USSD) channel to conduct transactions more than N100, 000 per day.
The Africa America Institute collaborates with Covenant University for the Jim Ovia Foundation Leaders Scholarship
The Africa America Institute (AAI) just signed an MoU with Covenant University, making the institution the second university partner for the Jim Ovia Foundation Leaders Scholarship (JOFLS).
Bank of Agriculture and SunTrust Bank have sealed an e-banking agreement described by the Minister of Agriculture Audu Ogbe as ‘landmark’ and instrumental to the development of agricultural sector in Nigeria.
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country.
In 2017, Nigeria’s Gross Domestic Product (GDP) growth was 0.83% (compared to a decline of 1.58% in 2016). In the second quarter of 2017, the country officially emerged from a recession which had lasted about a year.
Nigeria’s technology space is set to witness experiential platform with the unveiling of TechFest by Diamond Bank Plc in partnership with MTN, Visa, Microsoft, NIBSS, Deloitte and Touche, Interswitch and Beat FM.