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Finance & Investment

Delta plans $1.2bn investment to strengthen global partners Virgin Atlantic, Aeromexico, LATAM

DELTA Air Lines will make investments of $1.2bn in Virgin Atlantic, Aeromexico and LATAM as the partner airlines transform their businesses to emerge from the global pandemic stronger and more resilient. Upon completion of their respective restructuring or recapitalization processes, Delta is targeting a 20% equity stake in Aeromexico and a 10% equity stake in LATAM. In addition, Delta will …

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CBN earmarks N41bn via Heritage Bank for dry season wheat projects’ farming

  CENTRAL Bank of Nigeria earmarked a whopping sum of N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple States for the expansion of wheat production project.   The disbursed fund is to consummate the expansion of Wheat Seed Multiplication Project, as part of the CBN’s Brown Revolution Initiative, an intervention programme to flag-off and support …

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Sekibo calls for prioritization of SMEs, youth entrepreneurship by govt., stakeholders

MANAGING Director and Chief Executive Officer of Heritage Bank Plc, Ifie Sekibo has explained that for sustainable solutions to economic recovery government and stakeholders need to create opportunities and consciously include Small and Medium Enterprises and youth entrepreneurship. Sekibo made this submission on the sidelines of the 14th Annual Banking and Finance Conference of the Chartered Institute of Bankers of …

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USAID, UBA sign MoU to advance Prosper Africa’s two-way trade; investment goals

UNITED States Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa. This partnership ensures businesses are equipped with the technical and financial tools they need to enter into new trading and investment relationships in Africa …

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Heritage Bank enables 2000 female entrepreneurs

NO fewer than 2000 female entrepreneurs have benefitted from Heritage Bank’s financial inclusivity initiatives, as the institution has moved them towards self-reliance by engaging them in some Micro, Small and Medium Enterprises (MSMEs) This move is in line with the people-oriented policies of the Central Bank of Nigeria (CBN), Heritage Bank Plc is partnering with a Non-Governmental Organization, Prime Women …

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FG to banks, huge financial safety nets increases risks, vulnerabilities

FEDERAL Government has urged banks to re-strategize on their risk management methods in the sector as the use of huge intervention funds may not be sustainable in the financial system and would increase their weaknesses. Vice President, Yemi Osinbajo, who spoke at the Nigeria Deposit Insurance Corporation’s 30th anniversary lecture/book launch, on Monday in Abuja bemoaned the huge funds used …

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