Ecobank Pledges Support For Better Credit Practice In Nigeria

December 24, 2021 489

Banking & Finance

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has stated the readiness of the bank to partner with the Institute of Credit Administration (ICA) to create a reliable and enhanced credit practice in the country. Speaking during an official visit of ICA Management team to the Ecobank Pan African Centre (EPAC) in Lagos, December 23,2021, Akinwuntan […]Continue Reading

Is M&A The Way Out For Europe’s Banks?

September 9, 2020 249

Banking & Finance

By Brian Caplen Merger talks between Spanish lenders Bankia and CaixaBank have put European banking consolidation back in contention – but only domestic deals will probably go ahead.Let’s not forget the formidable list of challenges facing European banks – rock-bottom interest rates, bad loans from the pandemic heaped on top of those they still have […]Continue Reading

Emefiele’s Naira Exchange Woes

August 27, 2020 2439

Banking & Finance

By Sanya AdemiluyiGodwin Emefiele governor of Nigeria’s Central Bank, CBN is a man on the spot. Having taken on the economic activist role in recent times ,the CBN governor may also neatly fit into a monetary policy hawk’s description.Needless to say, his economic activism has also led him to take on fiscal policy as part […]Continue Reading

Climate Financing By Leading Multi-lateral Development Banks Tops $61.6 billion

August 4, 2020 307

Banking & Finance

Climate financing by seven of the world’s largest multilateral development banks (MDBs) totaled $61.6 billion in 2019, of which $41.5 billion (67 per cent) was in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance. The study expands the scope of reporting for the first time to all […]Continue Reading

HSBC Partners Asian Dev Bank To Provide $1.2bn funding To Asian Supply Chains

August 1, 2020 246

Banking & Finance

HSBC has partnered with the Asian Development Bank (ADB) to establish a supply chain financing programme primarily to support companies providing Covid-19 related supplies. This agreement could enable up to USD1.2bn per annum of additional trade by Asian SMEs, HSBC has said.HSBC, in partnership with the ADB, has already mapped over 10,000 critical COVID-19 suppliers. […]Continue Reading

NSIA Gets 23 Million Euros Loan From IFC

July 22, 2020 279

Banking & Finance

The Nigeria Sovereign Investment Agency, NSIA has raised 23 million Euros in debt from the international Finance Corporation, IFC. july 13,2020. NSIA did not say what the funds will be used for. The NSIA has been under pressure lately by both the Nigerian government and states governments to help finance their budget shortfalls following low […]Continue Reading