Business
Sterling Bank To Raise $320m Fresh Capital
Sterling Bank Plc recently
disclosed plans to seek shareholders’ approval on November 11, 2014, to raise up to $200 million in debt or equity.
The mid-tier bank also said it would issue up to N19.8billion ($120.3million) worth of shares to a strategic investor via a private placement at N265 per share.
Meanwhile, Sterling Bank has announced the deployment of additional ATM points nationwide, thereby increasing its footprints at existing and new locations.
The bank said that additional ATMs would be added to existing branches while ATM galleries would be put in place in strategic locations nationwide.
Sterling Bank’s Group Head, Strategy and Communications, Mr Shina Atilolar explained that the bank has commenced aggressive roll out of ATMs nationwide.
“We have almost doubled our ATM count between December last year and September 2014. We started the year with 300 ATMs but aim to close the year with about 1000. This would involve additional deployments at existing locations, partner locations and ATM galleries.”
“As a financial institution poised to enrich lives, Sterling Bank will continue to maintain high quality ATM services by supporting the inter-operability of the payment system in the country. We will continue to deploy more ATMs to promote the cashless policy of the Central Bank of Nigeria (CBN) and ensure that our customers are not at disadvantage in any way,” he added.
Business
Customs Launches Digital Vehicle Verification System To Tackle Smuggling
Business
NDDC Unveils Naval Facilities To Boost Region’s Security
Business
FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
