Nigeria’s borrowers have led the way in Africa’s syndicated loan market so far this year, with more than $10 billion of deals signed or about to be concluded, with Citibank being a major player in most of the deals.
“We have led or have been involved in a majority of those deals,”Citibank’s Managing Director and Chief Executive Officer (CEO) for Nigeria, Omar Hafeez tells BusinessDay, in an exclusive interview.
Headline News
|
Suspicion among banks may have shot up the demand for overnight funds from the Central Bank of Nigeria (CBN) to N2.78 trillion in the first quarter of 2013 as against N1.19trillion at the fourth... |
The Federal Government’s plan to intercept telephony services expected to curb the spate of insecurity currently ravaging the nation, has been decried by both operators and concerned citizens.... |
|
South Africa's National Union of Mineworkers said on Sunday it would seek pay hikes of up to 60 percent from the country's gold and coal producers in upcoming wage talks, which are... |
Japan will provide $2 billion worth of financial support over five years to back Japanese firms' resources development projects in Africa, media reported on Saturday.
Japan'... |
Markets
Analysis
There is no doubt the growth of the Nigerian economy is not reflecting in the number of domestic airlines, as the sector has yet to embrace benefits of global trends in mergers and acquisitions (M&A). SADE WILLIAMS explores the situation.
Nigerian and indeed African airlines which had for a long time, not appreciated the trend of mergers and...
Multimedia
 Living up to their stuffy reputations, around two thirds of central banks do not operate any social media accounts, while many that do take a conservative approach to Twitter and Facebook.
Of 181 banks... |
Columnist
 |
 |
 |
More Stories
Manufacturers of locally produced goods, especially daily need items, no doubt need to be more creative in marketing by exploring the possibility of getting their goods direct to the Nigerian consumers. The threat to local manufacturers’...
Aside the erstwhile factor of ignorance of the small and medium enterprises (SMEs) segment on the part of financiers, inadequate business know-how by entrepreneurs is a major reason for banks’ unwillingness to lend to the sub-sector, according...
As Africa gains increasing recognition as the world’s next economic frontier, the Lagos Business School (LBS) is bringing Aliko Dangote, CEO, Dangote Group, and richest black man in the world, to speak at a conference holding May 31, 2013 in...
A professional journalist and seasoned administrator, Bature Umar Masari has resumed as the new director-general of the Small and Medium Enterprises Development Association of Nigeria (SMEDAN).
Masari 51, from Katsina State, is an alumnus of...
Credit bureaux can help Small and Medium Enterprises (SMEs) in accessing loans from institutional lenders, says Tunde Popoola, managing director/CEO, CRC Credit Bureau, in an exclusive interview in Lagos.
The lack of credit to the SMEs sector in...
Busola Adeniran, chief executive, Buflus Events, after a few years working experience as an event planner in Dublin, returns to Nigeria, back in the event planning business with a professional touch. In this interview with OLUYINKA ALAWODE, she...
Manufacturers of locally produced goods, especially daily need items, no doubt need to be more creative in marketing by exploring the possibility of getting their goods direct to the Nigerian consumers. The threat to local manufacturers’...
As Nigeria hosts the African Business Women’s Advocacy Forum on Thursday, this week, businesswomen’s advocacy efforts for increased economic empowerment across four African countries - Kenya, South Africa, Uganda, and host Nigeria, would...
There is an insurance cover now protecting your doctor, nurses or other staff of that hospital you use. Should they therefore commit error during the course of handling you as their patient or a close relative of yours, rather than walk away and...
A home insurance policy, also known as householder’s insurance, is the best bet to safeguard your house because it not only covers the structure of your home but also all its valuable contents from different kinds of perils such as...
Simply put, investing is the act of committing money or capital to an endeavour with the expectation of obtaining an additional income or profit. By implication, investing means putting your money to work for you! Considering the aforementioned,...
Last week, I was promoted a level within my organisation. As a baseball player, this meant that I had to leave immediately. I was told around 10pm that I’d be leaving the next morning on a 6am flight. My wife and I had settled into our lives...
For most people in their twenties, the idea of saving and investing seems like a lifetime away; most people don’t start thinking about saving or investing for their financial future until they are well into their 30s and often later. It is...
Time is the most expensive resource in the world. No amount of money can buy you time. Time cannot be bought, stored or stopped; every second that passes is gone forever and can never be recovered or re-used, say experts.
In view of this, they say...
Currency in circulation fell by 7.6 percent from N1,631.71 in fourth quarter 2012 to N1,508.51 billion, at the end of the first quarter of 2013, and in contrast to the growth of 20.9 percent at the end of the corresponding quarter, the Central Bank...
No front page content has been created yet.
