30 results
- 10 Jun 2026
IMF Warns Nigeria of Risks in $5Bn Swap Deal with First Abu Dhabi Bank
The IMF on Tuesday warned of risks surrounding Nigeria's plan to borrow up to $5 billion through a derivatives agreement with First Abu Dhabi Bank, saying such transactions are often opaque and…
- 26 Jun 2026
Despite Warnings, FG Draws Down $1.5Bn as First Tranche of FAB $5Bn Loan Deal
Nigeria has accessed the first tranche of its $5 billion derivatives financing arrangement with First Abu Dhabi Bank (FAB), drawing about $1.5 billion under the deal approved by the national assembly…
- 30 Jun 2026
Debt Alert: FG Opens $5bn Foreign Facility, Takes $1.5bn First Tranche
Federal Government has confirmed that it has accessed the first $1.5 billion from its $5 billion financing facility with First Abu Dhabi Bank (FAB), marking the initial drawdown from the arrangement.…
- 10 Feb 2025
AFC Seals $400m Shariah-Compliant Deal
Africa Finance Corporation (AFC), the continent’s infrastructure solutions provider, has successfully closed a $400 million Shariah-compliant Commodity Murabaha facility, marking its strategic return…
- 16 Aug 2022
BOI Concludes Fresh €1bn Landmark Transaction to Enhance Capacity
The Bank of Industry (BoI) has announced that it has successfully completed a landmark EURO 1 billion Guaranteed Senior Loan Facility to further enhance its capacity to deliver on its mandate, in…
- 11 Sept 2017
BOK International UAE Embraces iMAL Islamic Core Banking System
Path Solutions, the market leading provider of Islamic financial software solutions and services, announced today that Bank of Khartoum Group signed a license to acquire the new ground-breaking…
- 18 Jun 2017
Etisalat Woes Deepens over $1.2Bn Debt
The fate of Etisalat Nigeria, the fourth largest telecommunications network operating in the country, hangs in the balance as the telecom giant battles to pay its creditors, according to the Nation.…
- 26 Jun 2017
Mubadala Fund Pulls out of Etisalat Nigeria
Abu Dhabi state investment fund Mubadala has pulled out of Etisalat Nigeria after the telecoms firm failed to renegotiate a $1.2 billion loan taken out four years ago with 13 Nigerian banks, the…
- 13 Sept 2013
Path Solutions Receives 'Leader in Technology’ Awards
Path Solutions, a leading Islamic banking software provider has received the prestigious Arab Achievement Award 2013 at a glittering ceremony held on September 10 at the Beach Rotana, Abu Dhabi. The…
- 17 Mar 2017
Banks Reject Etisalat’s Naira, Want Dollars for Loan Repayment
Nigerian banks have opposed a proposal by Etisalat Nigeria to convert part of a $1.2 billion loan from dollars into naira and want Abu Dhabi telecoms group Etisalat and its other shareholders to…
- 16 Jan 2014
Muslim Body Throws $860m into Sukuk
International Islamic Liquidity Management Corp (IILM), Malaysia-based will expand its Islamic bond programme by $370 million to $860 million next week, increasing its issuance of short-term sukuk…
- 20 Jun 2017
Debt Crisis: Access Bank, Others Take-Over Etisalat
A consortium of Nigerian banks, led by Access Bank Plc and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15. Mr. Ibrahim Dikko, vice president, Regulatory &…
- 1 Mar 2017
Etihad Airways Wins 2016 Treasury of the Year Award
Etihad Airways has been honoured with the 2016Treasury of the Year award by Treasury Management International (TMI) for a string of achievements over the past 12 months. The annual TMI Corporate…
- 21 Dec 2022
Network International Taps Sandeep Chouhan, as its Group Chief Business Transformation and Technology Officer
Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced the appointment of Sandeep Chouhan as Group Chief Business…
- 16 Mar 2016
Oradian Takes Financial Inclusion Innovation to 18th Microcredit Summit
Oradian showcases its innovative financial inclusion application to around 700 people from around the world who are gathering March 14-17, 2016, in Abu Dhabi, for a 4-day Microsoft Summit. High-level…
- 28 Jul 2026
Malpass, Ex World Bank Chief Raises Alarm over Nigeria’s Secretive Debt Structures
David Malpass, former World Bank President, has warned that Nigeria’s increasing reliance on collateral-backed and complex borrowing arrangements could make any future debt restructuring more…
- 31 Mar 2026
Senate Gives Tinubu Nod to Borrow Fresh $6Bn
Senate on Tuesday approved the fresh $6 billion loan request forwarded to the lawmakers by President Bola Tinubu. Lawmakers approved the fresh loan on the same date the request letter was read by…
- 28 Aug 2015
Key Stakeholders to Gather at Global Ethical Finance Forum 2015
Key stakeholders from the various areas of the ethical finance industry will gather at the much-awaited Global Ethical Finance Forum (GEFF) in early September. The forum will host representatives…
- 7 Dec 2021
IFIN Wins First Prize in EFICA Awards 2021
IFIN (“Islamic Finance Initiation Network”) the first of its kind fintech, stands out with its state-of-the-art solutions for the Islamic finance industry and wins the Ethical Finance Initiative…
- 13 Jul 2017
Etisalat Nigeria Changes Name to 9Mobile
Etisalat Nigeria, the mobile cellular network has dropped the trade name and would henceforth be known as 9Mobile. Though there is no official confirmation yet from the new managers of the embattled…
- 23 Jul 2014
Behold, the 10 Richest Presidents In the World
With power comes not only fame but immense fortunes. Heads of state or government are supposed to be the servants of the people, but it this appears a Herculean task in this time and age. Those who…
- 8 Apr 2017
Union Bank to Raise $164m to Bolster Capital Buffers
Union Bank of Nigeria plans to raise 50 billion naira ($164 million) by the end of the second quarter via a rights issue to boost its capital adequacy and tap opportunities to lend to agribusinesses,…
- 15 Jul 2021
Government Support and Effective Policies Key to Future Growth of SMEs Across MEA- Mastercard Research Reveals
New research by Mastercard has highlighted the important role of government support in helping small and medium enterprises (SMEs) across the Middle East and Africa (MEA) to recover, position for…
- 20 Jun 2017
NCC, CBN Wade into Etisalat Debt Crisis
A meeting between the officials of Etisalat Nigeria, Nigerian Communications Commission (NCC), the Central Bank of Nigeria (CBN) and a consortium of banks has reportedly been scheduled for today to…
- 26 Mar 2015
MasterCard Debuts MSMEs Focused Acceptance Development Program in Nigeria
MasterCard has launched Nigeria’s first Micro, Small and Medium Enterprise (MSME) focused Acceptance Development Program that will extend the security and convenience of electronic payments to…
- 24 Oct 2017
Senate Mulls Probe of Etisalat Nigeria Loans
The senate plans to vote on a motion to investigate the use of $1.2 billion in loans taken out by telecoms firm Etisalat Nigeria, now called 9mobile. The motion if passed would mandate a…
- 15 Jan 2026
DalaHill, BoA Partner on $100,000 ACF Climate Finance Initiative
DalaHill Law Practice and the Bank of Agriculture (BoA) have signed a Mutual Accountability Framework (MAF), marking a milestone in the launch of a climate finance initiative funded by the African…
- 3 Feb 2015
FirstBank Expands African Footprint with FBNBank DR Congo
First Bank of Nigeria Limited, a subsidiary of FBN Holdings PLC and Nigeria’s most valuable bank brand hasunveiled FBNBank DR Congo, formerly registered as Banque Internationale de Credit (BIC). In…
- 14 Apr 2015
FirstBank Expands African Footprint to Sierra Leone
First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc and Nigeria’s most valuable bank brand has unveiled FBNBank Sierra Leone, formerly registered as International Commercial Bank (ICB).…
- 16 Jul 2017
Etisalat: Bello-Osagie Plots Comeback, ‘9Mobile’ A Transitory Name
The battle for the soul of Etisalat Nigeria (now rebranded 9Mobile) has reached a crescendo as Nigeria CommunicationsWeek investigations showed that Mr. Hakeem Bello-Osagie, former chairman, has…