Finance
Nigeria’s Access Bank raises $100m- CEO
Access Bank said it has raised $100 million in seven-year international bilateral debt priced below its Euro-bond yield of 7.25 per cent, to bolster its capital base, outgoing chief executive said. Mr Aigboje Aig-Imokhuede the Bank CEO said the facility will help to increase the bank’s capital adequacy ratio to 20 per cent by year-end, up from 18 percent as at its nine-month period to September. The bank would not need to issue any equity, he said. Aig-Imokhuede will retire as chief executive of the bank at the end of the year.
-
Economy2 days agoNigeria Sovereign Investment Authority announces winners of $275,000 prize for innovation
-
Finance2 days agoAirtel Money reports 25% growth in first-half revenue in maiden results
-
News2 days agoEFCC arrests 14 Chinese nationals in Nigeria for operating illegal lithium processing plants
-
Maritime2 days agoNIMASA, ITF signs MOU on Seafarer wellbeing, MoU First in Africa—ITF
-
Oil and Gas2 days agoHoneywell Technologies launches new AI platform at Dangote’s Nigeria refinery
-
Economy2 days agoFG targets single-digit inflation by end-2027 to unlock cheaper borrowing— Oyedele
-
Oil and Gas14 hours agoBayelsa suspends oil firm’s land acquisition over fatal community dispute
-
News14 hours agoTop 20 Ecobank’s InnovateX finalists emerge for ₦20m prize money
You must be logged in to post a comment Login