Interswitch Limited Completes N23 Billion Bond Placement

  By Daniel Anomietei/Mediacraft   Following the registration of a N30 billion debt issuance programme (the “Programme”) with the Securities and Exchange Commission of Nigeria (“SEC”), Interswitch Limited (the “Sponsor” or “Interswitch”), a leading technology-driven company focused on the digitisation of payments in Nigeria and other African countries, has successfully concluded a N23 billion Series […]

Africa’s Real Estate Sector Continues To Evolve Despite Market Volatility

    By Daniel Anomietei/Mediacraft   JOHANNESBURG, 2 OCTOBER 2019:  Over the last year changes in Africa’s regulatory environments, coupled with constant swings in commodity prices as well as heightened political and economic tensions, have resulted in ongoing volatility in the continent’s real estate markets. Despite this, fundamental demand-supply imbalances continue to present a largely […]

Union Bank Secures US$200 million in OPIC Funding for SMEs and Women’s Initiatives

    By Hamisu B. S.   Union Bank of Nigeria Plc. has secured US$200 million in funding via a partnership with the sub-Saharan Africa financial services group, Atlas Mara Limited. in agreement with Overseas Private Investment Corporation (‘OPIC”), the U.S. government’s development finance institution.     In a statement signed by the company secretary […]

Stanbic IBTC Committed To Delivering Long Term Value To Its Stakeholders – Sanni

  By Daniel Anomietei/Mediacraft     “We remain committed to operating to the highest level of corporate governance standards while delivering sustainable long-term value to clients and other stakeholders through world-class innovative operations and our customer-centric approach,” Sanni assured. According to the Chief Executive, the Group’s achievements are an indication that its strategy is delivering on […]

Stanbic IBTC’s CSI initiatives As A Beacon OF Hope For The Needy

    By Daniel Anomietei/Mediacraft   As a responsible Nigerian company, Stanbic IBTC Holdings PLC continually seeks to contribute positively to its host communities through Corporate Social Investment (CSI) initiatives which have lasting and meaningful impacts in the areas of health, education and economic empowerment. This Nigerian financial institution seeks to establish community-based partnerships while […]

Zenith Bank Plc announced the results of its invitation to purchase any and all notes for cash

  By Financescape   Further to its announcement on 4 September 2019 and the Expiration Deadline at 5:00 pm (London time) on I1 September 2019, Zenith Bank plc announced the results of its invitation to holders of the 7.375% Notes due 2022 (Regulation S: Common Code: 161983977, ISIN: .361619839779; Rule 144A: Common Code:161984078, ISIN: US98935LAB36, […]

Shareholder of Defunct Afribank Plc can claim their Unclaimed Dividends

  By Hamisu B.S.   Shareholders of defunct Afribank Plc can claim their unclaimed dividend, In a statement published on its website, the Securities and Exchange Commission informed shareholders of the defunct Afribank Plc that unclaimed dividends by the bank are being held in trust on their behalf. Investors that have unclaimed dividends are therefore […]