By Ayomide Otitoju Africa’s Global Bank, United Bank for Africa (UBA) Plc, has renewed its commitment to bolstering the growth of Small and Medium-scale Enterprises (SMEs) across Nigeria and the continent. Speaking at the 38th Lagos International Trade Fair, UBA pledged increased investment in advanced technology and specialized training aimed at empowering SMEs to contribute…
By Ayomide Otitoju RMB Nigeria Issuance SPV PLC, a funding vehicle established to support RMB Nigeria’s financing initiatives in the public debt capital markets, has successfully registered its ₦40 billion Multi-Instrument Issuance Programme. This Programme aims to enhance RMB Nigeria’s asset growth and liability management by facilitating the issuance of debt instruments and structured notes….
By Ayomide Otitoju Ecobank Nigeria has been awarded “Best Web Portal” in Nigeria at the prestigious Phillips Consulting Digital Jurist Awards, outperforming 22 other commercial banks. This award underscores Ecobank’s leadership in digital banking and its dedication to delivering customer-centric, innovative solutions. The Digital Jurist Awards, organized by digital specialists at Phillips Consulting, evaluates the…
By Ayomide Otitoju MTN Nigeria Communications Plc has announced plans to issue up to N50 billion in Series 11 and 12 commercial paper notes as part of its N250 billion commercial paper program. The company disclosed this in a corporate notice filed with the Nigerian Exchange Limited on Monday, signed by Company Secretary Uto Ukpanah….
By Ayomide Otitoju Access Holdings Plc has posted impressive growth in gross earnings, reporting N3.4 trillion for the first nine months of 2024. This marks a 114.5% increase from N1.6 trillion in the same period last year, as detailed in the company’s third-quarter filing with the Nigerian Exchange Limited. The rise was primarily fueled by…
By Ayomide Otitoju Nigeria’s push to develop its domestic gas projects is being hindered by inadequate funding, according to Oritsemeyiwa Eyesan, Executive Vice President, Upstream, at Nigerian National Petroleum Company Limited (NNPCL). Speaking at the 40th Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Eyesan highlighted the challenges, even with Nigeria’s vast natural gas reserves…
Woodhall Capital has signed a $25 million loan facility with the African Export-Import Bank (Afreximbank) to strengthen support for Nigerian Small and Medium Enterprises (SMEs) aiming to enter export markets. This landmark signing occurred during Afreximbank’s inaugural SME Development Workshop and Stakeholder Engagement Programme, held recently in Lagos under the theme, “Nurturing African SMEs: Bridging…
By Ayomide Otitoju Access Bank PLC has been recognized as the 2024 Best Digital Award Winner in the Commercial Banks Category at the Digital Jurist Awards, organized by Phillips Consulting. In addition to this prestigious accolade, the bank received the Best Website Award, achieving an impressive score of 201 points for its engaging and user-friendly…
OpenAI announced on Thursday an ambitious upgrade to its ChatGPT, introducing search engine capabilities that allow the chatbot to deliver real-time answers with links to relevant sources, directly challenging Google’s long-standing dominance in web search. This enhancement enables ChatGPT to offer “fast, timely answers” without the need to rely on traditional search engines, OpenAI said,…
