|
Banque Internationale Du Bénin
Banque Internationale du Bénin (B.I.B.E.) is a national bank of Benin. It is a member of the West African Bankers' Association. It has its headquarters at Carrefour des 3 Banques in Cotonou but also has branches in Porto-Novo and Parakou. Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o ... dominates the bank, with the First Bank of Nigeria Plc. having a 13.6% share, the Union Bank of Nigeria Plc. (13%), Nigerian Economic Operatives (47.7%), Nigerian Bureau of Public Enterprises (6.7%), and then the First Interstate Merchant Bank Ltd. (11.1%) and finally the Beninese Economic Operatives with 8.2%. References Banks of Benin Companies based in Cotonou * Banque Capitale Du Benin {{benin-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benin
Benin ( , ; french: Bénin , ff, Benen), officially the Republic of Benin (french: République du Bénin), and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the north-west, and Niger to the north-east. The majority of its population lives on the southern coastline of the Bight of Benin, part of the Gulf of Guinea in the northernmost tropical portion of the Atlantic Ocean. The capital is Porto-Novo, and the seat of government is in Cotonou, the most populous city and economic capital. Benin covers an area of and its population in was estimated to be approximately million. It is a tropical nation, dependent on agriculture, and is an exporter of palm oil and cotton. Some employment and income arise from subsistence farming. The official language of Benin is French, with indigenous languages such as Fon, Bariba, Yoruba and Dendi also spoken. The largest religious group in Benin is Sunni Islam (27 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West African Bankers' Association
The West African Bankers' Association (WABA; french: Association des banques de l'Afrique de l'ouest (ABAO)) is a professional association of banking and financial services and institutions in West Africa. It has its headquarters and offices in Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. History The WABA was created on August 10, 1981 with the main purpose of supporting and developing the West African Clearing House (WACH). Membership and organization The organization has banking, securities, and auditing institutions, and individual members. The secretary general is Sega Balde, with Rev Ifeanyi IWANDE as president. The central banks of each participating countries financed the association. The WABA serves as an intermediary between banks and the sub-regional committee of the central banks. The association is located in Freetown, Sierra Leone. See also * Banque Cap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cotonou
Cotonou (; fon, Kútɔ̀nú) is a city in Benin. Its official population count was 679,012 inhabitants in 2012; however, over two million people live in the larger urban area. The urban area continues to expand, notably toward the west. The city lies in the southeast of the country, between the Atlantic Ocean and Lake Nokoué. In addition to being Benin's largest city, it is the seat of government, although Porto-Novo is the official capital. History The name "Cotonou" means "by the river of death" in the Fon language.Butler, Stuart (2019) ''Bradt Travel Guide - Benin'', pgs. 74-91 At the beginning of the 19th century, Cotonou (then spelled "Kutonou") was a small fishing village, and is thought to have been formally founded by King Ghezo of Dahomey in 1830. It grew as a centre for the slave trade, and later palm oil and cotton. In 1851 the French Second Republic made a treaty with King Ghezo that allowed them to establish a trading post at Cotonou. During the reign of King ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Porto-Novo
Porto-Novo (Portuguese: "New Port", , ; yo, Àjàṣẹ́, ), also known as Hogbonu and Ajashe, is the capital of Benin. The commune covers an area of and as of 2002 had a population of 223,552 people. Situated on an inlet of the Gulf of Guinea, in the southeastern portion of the country, the city was originally developed as a port for the transatlantic slave trade led by the Portuguese Empire. It is Benin's second-largest city, and although it is the official capital, where the national legislature sits, the larger city of Cotonou is the seat of government, where most of the government buildings are situated and government departments operate. Etymology The name ''Porto-Novo'' is of Portuguese origin, literally meaning "New Port". It remains untranslated in French, the national language of Benin. History Porto-Novo was once a tributary of the Yoruba kingdom of Oyo, which had offered it protection from the neighbouring Fon, who were expanding their influence and power in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parakou
Parakou is the largest city in northern Benin, with an estimated population of around 206,667 people, and capital of the Borgou Department. Administratively the commune of Parakou makes up one of Benin's 77 communes. Since 2015, its mayor is Souradjou Adamou Karimou. History The city was founded in the 16th century by traders. Economy Parakou lies on the main north-south highway RNIE 2 and at the end of a railway to Cotonou. Markets This has made it an important market town, with major industries including cotton and textiles, peanut oil manufacture and brewing. The town grew initially from revenue generated from passing merchants that took goods from the region across the Sahara and the Mediterranean to Europe.Butler, Stuart (2019) ''Bradt Travel Guide - Benin'', pgs. 177-180 Parakou later became well known in the slave trade. Later traders concentrated on cotton and Parakou remains the hub of the Beninese cotton trade to this day, with considerable interest from Europe. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of , and with a population of over 225 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising of 36 states and the Federal Capital Territory, where the capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the second-largest in Africa. Nigeria has been home to several indigenous pre-colonial states and kingdoms since the second millennium BC, with the Nok civilization in the 15th century BC, marking the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Benin
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Cotonou
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Cotonou")
.jpg "Click for more on -> Porto-Novo")
