FBN Holdings Plc, the parent company of First Bank Nigeria, plans to raise $500m by selling a Eurobond this year after abandoning a similar offering last year. The Chief Executive Officer, FBN Holding, Mr. Bello Maccido, told Reuters that the money was needed to finance investments in loans and infrastructure. […]
World News
Banks (Finally) Ready to Start Lending Again
With economic conditions getting tighter, banks appear to be figuring out that it’s time to get looser. Lending conditions, particularly for businesses, are finally beginning to thaw after five years of financial lockdown, according to the latest Fed Senior Loan Officer survey. Though banks are still hesitant to lend to […]
Union Bank Deliberates on Compliance Plan
Union Bank Plc is said to be the latest bank making moves to comply with the Central Bank of Nigeria’s (CBN’s) Regulation No. 3 on “The Scope of Banking Activities and Ancillary Matters.†The board of directors of the bank is deliberating on the bank’s compliance plan. A source at […]
