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

August 4, 2020 422

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

NSIA Gets 23 Million Euros Loan From IFC

July 22, 2020 416

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

Path Solutions Tops IBS Islamic Banking Sales League

July 8, 2020 403

Banking & Finance

By Chike OnwuegbuchiPath Solutions, a global banking software provider, was announced by IBS Intelligence as the leader in the Islamic financial services sector in IBS Islamic (Banking)Sales League Table (SLT) 2020.For the eighth year in a row, Path Solutions was recognized the undisputed leader in Islamic Banking with more new Islamic deals signed in 2019 […]Continue Reading

Mustafa Chike-Obi Appointed Chairman Of Fidelity Bank’s Board

July 8, 2020 419

Banking & Finance

Mustafa Chike-Obi has been appointed Chairman of the board of directors of Fidelity Bank Plc, the bank has announced July 6,2020. This follows the impending retirement of current chairman, Ernest Ebi, it the end of his tenure next month.Another non-executive director, Seni Adetu, would also step down, having completed his tenure, according to the bank.Ebi, […]Continue Reading

Nova Merchant Bank Floats N10Bn Bond

July 8, 2020 434

Banking & Finance

Nova Merchant Bank has announced that it is seeking to raise N10 billion from the Nigerian Stock Exchange through its ongoing bond issue.The bank said that the N10 billion bond is being offered as a 7-year fixed rate subordinated unsecured bond under its N50 billion debt issuance programme.The bond has a price range of 12 […]Continue Reading

Merge Tech Gets Platform Capital Investment

June 9, 2020 397

Banking & Finance

Platform Capital, a leading growth markets investor, is pleased to announce its investment in Merge Tech (Merge), a leading South African digital meeting place for entrepreneurs and investors, through its technology vehicle, Unicorn Group. Merge is a transactional marketplace platform that allows start-ups and investors to connect, communicate and collaborate seamlessly. Continue Reading