The United Bank for Africa Plc and the Saudi Export-Import Bank have signed a Memorandum of Understanding to foster economic cooperation and trade relations. According to a statement from the lender, the MoU was signed on the sidelines of the Saudi-African Summit in Saudi Arabia on Thursday. It stated that the partnership between the bank…
This warning was contained in a release by the Nigerian Meteorological Agency (NiMET) on weather alerting the public on the possibility of deterioration in visibility as a result of observed dust haze propagated into the country from the source region. According to the release, “Winds over 10m and 925hPha are favorable for Dust-Haze propagations into…
Sterling Bank says it is committing N1bn to agro-innovators at the upcoming 5th edition of its annual event, Agric Summit Africa, known for its contributions to the agriculture sector. A statement said, this year’s event, themed, ‘Empowering innovations: A confluence of capital, vision, and agribusiness enterprise’, would take place in November 2023 in Lagos, Nigeria….
Access Bank has strengthened its Development Banking Desk to drive sustainable development in Nigeria and across the African continent. Development Banking Desk is a specialised desk within Access Bank mandated to provide exclusive financial support to non-profit organisations such as international non-governmental organisations, non-governmental organisations, bilateral and multilateral institutions, donor agencies, embassies among others, who…
Fidelity Bank, African Export-Import Bank and agribusiness firm, JohnVents Industries have signed a $40m cocoa export deal at the Fidelity Bank International Trade and Creative Connect held in Houston, United States of America. According to a statement from the bank on Sunday, the signing of the $40m pre-export finance facility was held at the trade…
Bearish sentiments were sustained on the Nigerian Exchange Limited as the market reacted to the Supreme Court’s judgment regarding the 2023 general elections cases leading to a loss of N67bn off its market capitalisation. This marked a second consecutive day of negative trading on the local bourse. Dragging the market cap was depreciation recorded in…
Access Bank has strengthened its Development Banking Desk to drive sustainable development in Nigeria and across the African continent. The Desk is a fall out of the development banking team which has the responsibility of managing Non-Profit organisations and institutions and has been operating in the bank for over ten years and still counting.This initiative…
Developing countries around the world like like Nigeria, Ghana, Gabon among others have an average annual funding shortfall of $2.5 trillion in achieving the Sustainable Development Goals (SDGs), Executive Director, UN Global Compact Network Nigeria, Naomi Nwokolo, has said.He spoke at the Sustainable Futures Africa event, hosted by Hudson Sandler in collaboration with the United…
In furtherance of its leading role in promoting socio-economic development, Nigeria’s premier and leading financial inclusion services provider, has announced the commencement of its Annual Corporate Responsibility and Sustainability Week.For the past seven years, FirstBank colleagues and customers come together to participate in global annual volunteer (Start Performing Acts of Random Kindness) SPARK initiative, to…
