Zenith leads as 5 banks rank top on ESG rating results
Zenith leads as 5 banks rank top on ESG rating results Zenith leads as 5 banks rank top on ESG ZENITH Bank Plc has emerged top out of 29 banks that were assessed based on their Environmental, Social and Governance (ESG) practices and reporting. A new survey by the Independent Project Monitoring Company (IPC) Limited ranked Zenith Bank first at 65.22 percent, followed by Access Bank at 60.33 percent. Placed at the third position is Stanbic IBTC Bank at 60.16 percent, Fidelity Bank came fourth at 57.73 percent, followed by the United Bank for …
Stanbic IBTC Capital, Best Local Currency Bond House at the EMEA Finance Awards 2023
Stanbic IBTC Capital, Best Local Currency Bond House at the EMEA Finance Awards 2023 R - L: Chuma Okoyechira, Energy and Infrastructure Associate, Investment Banking, Standard Bank; Tokunbo Aturamu, Head, Debt Capital Markets, Stanbic IBTC Capital; Shawny Dinis, Client Coverage Consumer Sector Associate, Standard Bank and Chris Mparutsa, Associate, Debt Capital Markets, Investment Banking, Standard Bank, receiving the awards for Best Local Currency Bond House in Nigeria and Best Equity House in Africa at the 2024 EMEA Finance Achievement Awa…
World Environment Day 2024: Nestlé Nigeria Volunteers Plant 1,000 Trees to Improve Climate Resilience
World Environment Day 2024: Nestlé Nigeria Volunteers Plant 1,000 Trees to Improve Climate Resilience •Nestlé Nigeria volunteers, plant 1,000 trees at the Nestlé Dairy Demonstration Farm in Abuja in collaboration with CBiIL, to mitigate the impact of adverse weather conditions. •One tree has the capacity to sequester about 20KG of carbondioxide/annum: Planting 1,000 trees contributes to Nestlé’s broader global mission of achieving net-zero greenhouse gas (GHG) emissions by 2050. •Nestlé Cares is the global employee volunteer platform that pr…
Fitch Upgrades Fidelity Bank’s Rating to ‘Positive’
Fitch Upgrades Fidelity Bank’s Rating to ‘Positive’ Fitch Ratings has revised the outlook on Fidelity Bank PLC's LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at 'B-'. The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at 'A(nga)' with a Stable Outlook. In a statement released on Friday, Fitch said that the outlook revision reflects its, “expectations that the bank's capitalisation will strengthen in the near term as a result of core capital i…
Alternative Bank, Niger State Gov’t To Set Record With Africa’s Single Largest EV Fleet
Alternative Bank, Niger State Gov’t To Set Record With Africa’s Single Largest EV Fleet Niger, Nigeria - JUNE 10, 2024 – In a landmark deal, Nigeria’s largest ethical banking institution, The Alternative Bank have signed a pioneering deal, valued at over N 14 billion, with the Niger state government to finance the delivery of 5000 electric tricycles to drive social impact, youth empowerment, business growth, and economic prosperity in the Power State. The landmark deal will see the Niger State government, through its ministries of Transporta…
NDLEA intercepts 175,000 bottles of codeine shipment from India
NDLEA intercepts 175,000 bottles of codeine shipment from India Operatives of the National Drug Law Enforcement Agency, on Friday, intercepted no fewer than 175,000 bottles of codeine shipment from India en route to Enugu State barely one week after it seized a similar shipment in Rivers State. This is just as the anti-narcotics agency arrested a Nigerien for concealing drugs in pesticide tanks and 19 others in multiple raids across the country. The agency’s Director of Media and Advocacy, Femi Babafemi, in a statement on Sunday, added that t…
Nigeria’s Current Account Balance Hits $1.43bn Surplus — IMF
Nigeria’s Current Account Balance Hits $1.43bn Surplus — IMF Staff Hacks Into GTBank System, Steals N9.9m From Customers Photo of Online Editor Online Editor Send an email18 hours ago 67 1 minute read For allegedly betraying the trust reposed in him by his employer as the officer in charge of payment of drivers’ retirement benefits and stealing close to N10 million from Guaranty Trust Bank (GTBank), Komolafe Oluwayomi of the Oyin Jolayemi Street, Victoria Island, Lagos branch of the bank has been remanded at Ikoyi correctional facility. When…
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