Industries

Expect More M & A Activity in the Banking Sector – Renaissance Capital

Yvonne Ike, CEO of Renaissance Capital West Africa, has said Nigerians should be on the look out for more consolidation in the banking industry within the next 24 months. She made this ...

Skye Bank Signs Novel $150 million Loan Agreement With 3 International Lenders

Skye Nigeria signed a $150 million five-year term-loan facility with African Export-Import Bank, Citigroup Inc. and Standard Bank Plc, who are the mandated lead arrangers and book-runners, according to a statement from ...

Brazil’s BTG launches $1bn Africa PE Fund

Brazil-based BTG Pactual bank has launched a $1billion Africa-focused private equity fund, according to the bank’s chief executive Andre Esteves [pictured]. The fund is touted to be the largest private equity vehicle exclusively targeting ...

Mastercard and Starwood Hotels Partner to Offer Clients Value Added Services in Nigeria

MasterCard Worldwide and Starwood Hotels & Resorts are rewarding Nigerian MasterCard travelers with a breakfast buffet for two people, each time guests book and pay for their accommodation online at one of ...

Aig-Imoukhuede to quit as Access Bank CEO in 2013

The Managing Director of Access Bank Plc, Mr. Aigboje Aig-Imoukhuede, said he will quit as helmsman of the bank before December 31, 2013. Speaking at the Annual General Meeting of the bank ...

RenCap sets up Nigerian finance business

Renaissance Capital is setting up a consumer finance business in Nigeria as the Russian bank hopes to tap the fast-growing economy’s rising middle class and diversify further from investment banking. The privately ...

FCMB Terminates Employment of 550 Finbank Staff

The management of FCMB Plc has terminated the employment of 30% of Finbank staff numbering 550 people. This is following the merger between the two banking brands and the resulting integration process. ...

MasterCard to Send Lucky Fans to Munich for Championship League Finals

In support of the Cashless Nigeria initiative, eight hundred lucky MasterCard cardholders, with their partners, will win tickets to a UEFA Champions League Final 2012 Fan Viewing Experience, hosted by MasterCard on ...

Bayo Ogunlesi’s Global Investment Partners Acquire Edinburgh Airport for $1.3 billion

Global Investment Partners, a US buy-out firm, has acquired the Edinburgh Airport for $1.3 billion. The company won the bid against competition from other leading firms including 3i, Carlyle and United States ...

GTBank MD, Others Shortlisted for African Banker of the Year Award

The African Banker Awards has released its shortlist of nominees for the 2012 competition. The winners will be announced at the Awards ceremony on the 30th May, which comes to Africa for ...