By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian mid-tier lender, Stanbic IBTC on Thursday said it is seeking to raise N30 billion in Tier II capital according to a Reuters report. The report said Sola David-Borha, chief executive officer (CEO) of the mid-tier lender confirmed the capital raise during an analysts conference […]

Ecobank Transnational Inc. (ETI)’s unit in Nigeria sold $200 million of dated subordinated notes due in 2021 to join lenders in Africa’s largest economy raising funds through debt sales. The issuance has a yield of 9 percent and a coupon of 8.75 percent, according to information from a person with […]

Nigeria’s Union Bank aims to boost its loan portfolio by 30 percent in the second half of 2014, after increasing it by 10 percent in the first six months, targeting retail and business customers, its chief finance officer said. “In the second half we would do 30 percent (in loans). […]