Tuesday, 25 June 2019

Category: Business

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FNB TO RETAIN LENDING RATES

FNB TO RETAIN LENDING RATES

First National Bank (FNB) said it would maintain its prime lending rate at 9,25 percent following the decision earlier on Thursday to keep rates on hold until the next meeting of ...

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ECOBANK SEALS BRAZILIAN FINANCE DEAL

ECOBANK SEALS BRAZILIAN FINANCE DEAL

Ecobank Transnational Incorporated, has announced a strategic $20million  trade financing deal with the Brazilian National Bank for Economic and Social Development (BNDES). ...

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UBA UNVEILS ONLINE PAYMENT PORTAL

UBA UNVEILS ONLINE PAYMENT PORTAL

United Bank for Africa (UBA) has introduced an online payments and collections platform in the the 19 countries where it has operations. Tagged U-bills, the platform that all ...

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QATAR BANK ACQUIRES ECOBANK STAKE

QATAR BANK ACQUIRES ECOBANK STAKE

The Qatar National Bank (QNB) has bought a 12,5 percent stake in Ecobank Transnational Incorporated (ETI) in a transaction valued at US$ 200 million. This is the la ...

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GHANA BANK BUYS GERMAN FINANCIAL FIRM

GHANA BANK BUYS GERMAN FINANCIAL FIRM

Fidelity Bank Ghana Limited has completed the acquisition of ProCredit Savings and Loans Company Limited. This follows an agreement with ProCredit Holding Germany (PCH). ...

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INDUSTRY SEARS UNDER CBN LENDING RATES

INDUSTRY SEARS UNDER CBN LENDING RATES

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has bemoaned the continued retention of the 12 percent lending rate by the Central Bank of Nigeri ...

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NEW SOLUTION SHIELDS FIRMS FROM IMPORT HASSLES

NEW SOLUTION SHIELDS FIRMS FROM IMPORT HASSLES

Diamond  Bank Plc has launched a logistics solution it hopes would help ease the financial and logistics burden manufacturers and businesses faced during importation of goods ...

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BIDVEST TARGETS INTERNATIONAL ACQUISITIONS TO GROW REVENUE

BIDVEST TARGETS INTERNATIONAL ACQUISITIONS TO GROW REVENUE

The Bidvest Group is pinning its hopes on the acquisitions made over the past year to enhance turnover growth. Inn a statement accompanying the financial results for the year ende ...

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TRIO NABBED FOR ATTEMPTING TO SWINDLE BANK

TRIO NABBED FOR ATTEMPTING TO SWINDLE BANK

Three men have been arrested for allegedly attempting to defraud Enterprise Bank Plc. The Economic and Financial Crimes Commission (EFCC), in a statement, said Ola Lawal, Olu ...

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EFCC calls for transparency in stock market

EFCC calls for transparency in stock market

Stakeholders in the local capital market have been charged to be transparent and operate within the framework of the law. Executive Chairman of Economic and Financial Crimes Commi ...

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