Credit Direct Announces Outstanding H1 2024 Financial Performance and Key Achievements
Credit Direct Announces Outstanding H1 2024 Financial Performance and Key Achievements Credit Direct Finance Company Limited (Credit Direct), the consumer finance arm of FCMB Group Plc and one of Nigeria's leading digital-first non-bank financial services providers, has recently received an upgrade to its credit rating from Agusto & Co. to BBB+. According to Agusto & Co., "The upgrade reflects Credit Direct’s dominant position in the industry and its good and consistent profitability, which compares better than most peers …
2024 Union Bank Graduates new Management Trainees
2024 Union Bank Graduates new Management Trainees Lagos, Nigeria —Union Bank of Nigeria, one of Nigeria’s foremost financial institutions, has added to its growing list of qualified personnel with the recent graduation of the 2024 set of Management Trainees. The ceremony, which was held at the Bank’s multiple-purpose sports complex, ‘The Stable, ’ in Surulere, Lagos, included the financial institution’s senior management officials and other staff, as well as the 166 Management Trainees graduates who successfully concluded their training pr…
CBN Approves Providus Bank, Unity Bank Merger
CBN Approves Providus Bank, Unity Bank Merger LAGOS.06.08.24. We are pleased to announce that the Central Bank of Nigeria has approved the merger between Providus Bank Limited and Unity Bank Plc, marking a significant milestone in the evolution of our respective institutions. This merger represents a strategic and complementary union that will leverage the strengths of both banks to create a leading financial institution in the industry with footprints in retail, corporate, commercial, and digital banking. Unity Bank Plc, with its rich le…
Amo Byng Nig Ltd. Partners with Kwara State Government to Support Soybean Farmers
Amo Byng Nig Ltd. Partners with Kwara State Government to Support Soybean Farmers Amo Byng Nig Limited, a leading producer of poultry feed and concentrates, has commenced a strategic partnership with the Kwara State Government to bolster local soybean production, addressing the current shortage that is impacting poultry feed production across Nigeria. This collaboration was formally launched on July 16, 2024, and marks a significant step towards revitalizing the soybean industry. The soybean shortage has led to increased feed production cos…
ESG: FIRSTBANK WINS 2024 EUROMONEY AWARD FOR NIGERIA’S BEST BANK
ESG: FIRSTBANK WINS 2024 EUROMONEY AWARD FOR NIGERIA’S BEST BANK FirstBank, the West African premier financial institution and financial inclusion services provider has emerged the winner of the prestigious Euromoney Award for Nigeria's Best Bank in Environmental, Social, and Governance (ESG), reinforcing its position as a leader in sustainable banking and finance practices in its 130 years of existence. Following a rigorous and highly competitive selection process, FirstBank was awarded Nigeria's Best Bank for ESG in 2024 by the re…
Rating: GCR affirms Dangote Industries Limited AA+(NG)/ A1+(NG)
Rating: GCR affirms Dangote Industries Limited AA+(NG)/ A1+(NG) *strong earnings prospects from the new refinery GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its recent report also affirmed the national scale long-term issue rating of AA+(NG) accorded to each of Dangote Industries Funding Plc’s Series 1 NGN10.5Bn Tranche A and NGN177.1Bn Tranche B Bonds and Series 2 NGN112.4Bn Senior Unsecured Bond. The outlook …
Nestlé Nigeria Invests Over 6 billion Naira in Youth Empowerment and Skill Development
Nestlé Nigeria Invests Over 6 billion Naira in Youth Empowerment and Skill Development Nestlé Nigeria underscored its commitment to youth empowerment and skill development at the recent graduation ceremony of ten young trainees from its Technical Training Centre (TTC) in Agbara. Since the program's inception in 2011, the company has invested over six billion naira in upskilling young Nigerians, demonstrating its dedication to fostering the next generation of skilled professionals. Graduating in the second stream of the seventh batch of th…
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