Due to Nigeria’s rich entrepreneurial culture, its economic landscape is characterized by a high level of local and international trade and this has generated a high demand for innovative commercial and corporate finance services.
Corporate and Commercial Banking
We aim to build strategic business relationships with top corporate and trade names in manufacturing, the consumer goods industry, real estate and the broad commerce segment. Supporting our guests to manage their cash flow and maximize their investments by credit extensions and facilitating import/export trade transactions.
The Manilla Group is managed by highly qualified professionals drawn from diverse experiential backgrounds. This fosters a comprehensive understanding of clients’ businesses and local environment, world class relationship management skills, relevant information on international trade markets and a dogged commitment to our guest’s aspirations.
Our excellent correspondent banking relationships with notable international financial institutions also ensures smooth banking transactions on our guests’ behalf.
All these and our unrelenting determination to surpass expectations guarantee’s that our guests are exposed to favourable conditions needed to grow their businesses.
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Retail Banking
In the early colonial times, Africans preferred being paid with cowry shells over gold coins - a shock to many Europeans. Learning of this preference, Europeans injected a large number of cowry shells into the market, depreciating the shells' value and leading to many modern-day bans on the use of cowries as currency.
Did you know that?
Cowry shells represent a spirit within all natural things. Their hard, durable quality represents longevity to people of many West African tribes.
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Public Sector Banking
Governed from the fourteenth century by an all-powerful divine Oba, Oba Ewuare - the first to wear the red coral ceremonial regalia. He is credited in oral tradition as the man who 'brought' coral to Benin when he stole the gem from the "goddess of the sea" (Olokun) at Ughoton (Gwatto) - a village closely inter-woven with Benin myths and history.
Did you know that?
Nowhere has coral played a more significant role than in the historical and artistically sophisticated kingdom of Benin, now a part of the country of Nigeria.
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Private Banking
Our Private Banking group is called Ivory Banking. Ivory has always been a subject of fascination. Its beauty and usefulness have been recognized for 30,000 years and more.
Did you know that?
In western Nigeria, the Owo people are famous for their ivory carvers, their skills were greatly appreciated at the court of Benin.
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Corporate & Commercial
The name manila is said to derive from the Spanish word for a bracelet - manella, the Portuguese for hand ring, or after the Latin Manus (hand) or from manila, plural of monile (necklace). They are usually horseshoe – shaped with terminations that face each other and are roughly lozenge –shaped. The most popular African name for manila, okpoho, comes from the Igbo language.
Did you know that?
Manilla was once used as a currency in Nigeria. In the past, parents always hid the manila from their children because they had great purchasing power.
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