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Fidelity Bank Issues $400m Eurobond, Refinances $256m of Maturing Notes

fidelity md

Top Nigerian lender, Fidelity Bank Plc, on October 11, 2017, returned to the international capital markets and priced a successful $400 million five-year Eurobond at a 10.50 per cent coupon. The transaction also included the $256 million repurchase of its existing $300 million Eurobond maturing in May 2018. The transaction, according to the bank, was part of a strategic liability ...

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Heritage Bank MD affirms commitment to developing young entrepreneurs

The Managing Director/Chief Executive Officer of Heritage Bank Plc, Mr. Ifie Sekibo, has said the bank is committed to developing young African entrepreneurs. A statement on Wednesday said the bank, in partnership with the organisers of the Next Titan Nigeria, Bravopoints International Limited, had unveiled 16 finalists with brightest business ideas that will compete for the grand prize of the ...

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Ikeogu Oke wins NLNG ‘s $100, 000 Prize

THE Advisory Board of the Nigeria Prize for Literature and Nigeria LNG Limited (NLNG) has announced Ikeogu Oke as the winner of the 2017 edition. The NLNG award goes with a cash prize of $100, 000. The announcement was made by the Chairman of the Advisory Board for the prize, Emeritus Prof. Ayo Banjo, at a news conference in Lagos. ...

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Zenith Bank upgrade of its *966*0# account opening USSD

Zenith Bank Plc, one of Nigeria’s most innovative and service focused banks has announced an upgrade of its *966*0# account opening USSD string to now support account opening with just your BVN (Bank Verification Number) and Date of Birth. *966*0# is one of the offerings available on Zenith Bank’s *966# EazyBanking; a service that enables the Bank’s customers to perform ...

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N30tn revenue leakage: Senate refers culprits to EFCC

Senate Chamber

The Senate Joint Committee on Customs, Excise and Tariff; and Marine Transport, investigating the alleged N30tn revenue leakage in the import and export value chain of Nigeria’s economy, has said companies found culpable of corruption, will be referred to the Economic and Financial Crimes Commission for prosecution. The Chairman of the joint committee, Senator Hope Uzodinma, told journalists in Abuja ...

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Education Minister summoned Over immoral,obscene Books

The House of Representatives has expressed concern over books recommended by the National Examination Council, NECO and the Joint Admission and Matriculation Board, JAMB, saying that they fall short of ethical values and standards stipulated by the National Policy on Education. This is even as it is worried that the regular use of obscene language in the description of events ...

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Diezani returns to Nigeria from UK to prove her innocence

Embattled former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has declared her intention to prove her innocence on various allegation bordering on fraud preferred against her. The former minister was mentioned in the charge preferred against a Senior Advocate of Nigeria, Mr. Dele Belgore and a former Minister of National Planning, Prof. Abubakar Suleiman, before the Federal High Court, sitting ...

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Heritage Bank, US support Nigeria’s economic growth

Heritage Bank Plc says it is stimulating economic diversification through support for the Nigerian creative industry towards sustainable, persistent growth as alternative to crude oil. The Managing Director of the bank, Ifie Sekibo, stated this at the exhibition gallery of National Museum Benin by the National Commission for Museums and Monuments in collaboration with the Edo State Government, and the ...

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Evangelist Bonnke returns to Lagos, Nigeria for ‘farewell message’

German Pentecostal Evangelist, Reinhard Bonnke, is set to return to Nigeria for a five-day crusade and a three-day multi-purpose ministers’ fire conference on what his team, Christ for All Nations, says will rescue the country from spiritual pollution and socio-political corruption. CFaN officials, led by its African Director, John Darku, expect more than 10 million people across Africa at the ...

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Anybody born in the 21st Century has no business being poor — Zinox Boss Leo Stan Ekeh

Information Technology guru and Chairman of Zinox Technologies, Leo Stan Ekeh, has said that anybody born in the 21st Century has no business being poor because of the information available today. According to him, the century offers so much information that anyone who desires to be rich could tap into it to become rich. The computer expert said this last ...

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