The federal government has announced plans to secure a $2 billion loan from the World Bank and the African Development Bank (AfDB) in a bid to aid the implementation of its policies and programmes for the year. The federal government made its plans known during an interactive session with
Banking
President Goodluck Jonathan, on Monday, performed the official launch of the Development Bank of Nigeria (DBN). The bank is expected to provide long term loans to Micro, Small and Medium Enterprises (MSMEs) in the country. The Federal Executive Council had recently approved a multidonor credit facilities from the International Bank for Reconstruction and Development of
The management of Empire Trust Microfinance Bank (ETMB) has announced that it has entered a partnership with Stanbic IBTC Bank to quicken service delivery to customers in all its branches nationwide. The Managing Director of ETMB, Mr. Seun Durojaiye, who made the disclosure to newsmen on Thursday in Lagos said that the partnership is geared […]
The Bank of Industry (BoI) has pledged support for the adoption of smart technology by local manufacturers in order to compete effectively with imported goods. Making the commitment in Lagos on Tuesday, Managing Director of BoI, Mr. Rasheed Olaoluwa, disclosed that the development institution was collaborating with technology researchers across the country to further the
The management of Heritage Banking Company Limited has formally announced the appointment of the bank’s Executive Director, Retail Banking, Mrs. Mary Akpobome, as the acting Managing Director for Enterprise Bank during the transition period. Akpobome is saddled with the responsibility of managing the internal transition processes within Enterprise Bank as well as ensuring
