September 26, 2017

First Bank signs $100m SME facility agreement with China Bank

First Bank signs $100m SME facility agreement with China Bank... NAIJA INVEST

In its bid to boost lending to small and medium scale enterprises in Nigeria, and also stimulate economic growth in the country, Nigeria’s Best Banking Brand, First Bank of Nigeria Limited today signed a $100m facility agreement with China Development Bank (CDB), a leading bank in the Peoples’ Republic of China. This is coming on the heels of the FirstBank’s extension of a single digit credit facility to Nigerian entrepreneurs in partnership with the Nigeria Association of Small Scale Industrialists (NASSI). The signing of the landmark agreement, witnessed by President Goodluck Jonathan, who is on a State visit to China;…

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Middle East carriers tap Nigeria’s bouyant air travel market

Middle East carriers tap Nigeria’s bouyant air travel market... NAIJA INVEST

The big boom in Nigeria’s air travel market in the last one year, is attracting major players from the Middle-East, now regarded as the emerging hub of international air travel. Etihad Airways, Royal Jordanian Airlines, the national carriers of the United Arabs Emirates (UAE) and Jordan, launched daily and fortnightly flights into Lagos consecutively, within one year, and indications are that more big players in that region are gearing up to launch operations into Nigeria. This is besides the 14 weekly flights already being done by Emirates, another 14 by Qatar Airways, and others still, by their counterpart border airlines,…

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Firm inks deal to sell 2.2m African CDM carbon offset credits

Firm inks deal to sell 2.2m African CDM carbon offset credits... NAIJA INVEST

AS part of efforts towards implementing an emission-reduction project in developing countries, Ecosur Afrique has announced the signature of two forward sale agreements in West Africa with a leading European utility. The deal features a delivery of an estimated 2,200,000 carbon credits over seven years period and provides the option for an extra supply throughout the crediting period. Under the Clean Development Mechanism (CDM), defined in Article 12 of the Protocol, allows a country with an emission-reduction or emission-limitation commitment under the Kyoto Protocol (Annex B Party) to implement an emission-reduction project in developing countries. Such projects can earn saleable certified…

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Investment One eyes one-stop investment services

Investment One eyes one-stop investment services
.. NAIJA INVEST

The regulatory regime of the Central Bank of Nigeria (CBN) that redirected Nigerian deposit money banks to core banking activities created challenges and opportunities. CBN’s Scope of Banking Activities and Ancillary Matters No 3, 2010 requires banks to fully concentrate on core banking functions. It requires banks to either sell non-core banking businesses or form a holding company to hold such non-core banking businesses including activities such as insurance, asset management and capital market operations. Most banks, including Access Bank Plc, Diamond Bank Plc, Fidelity Bank Plc, Guaranty Trust Bank (GTB) Plc, Skye Bank Plc, Sterling Bank, Zenith Bank, Unity…

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Investors gain N2.45tr, 28.8% in first half

Nigerian Stock Exchange.. Investors gain N2.45tr, 28.8% in first half... NAIJA INVEST...

THE stock market recorded a six-month average return of about 28.8 per cent in the first half of this year, leaving investors with N2.45 trillion in capital gains during the period. Notwithstanding the downtrend that characterised June, significant successive bullish rallies in previous months still left equities as one of the best-performing market during the period. In value terms, the increase of N2.45 trillion in the first half has already surpassed total gains of N2.44 trillion recorded for the entire 2012. However, the real benchmark return of 28.80 per cent is some 6.65 percentage points below the average full-year return…

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