30 results
- 16 Sept 2018
BOI, Export-Import Bank of China Sign MoU on $500m Financing Support
The Bank of Industry (BOI), Nigeria’s leading Development Finance Institution (DFI), and the Export-Import Bank of China (CEXIM) have signed a Memorandum of Understanding (MoU) on a $500 million…
- 15 Dec 2021
Senate Okays Buhari's $5.8Bn Borrowing Request
The senate on Wednesday approved President Muhammadu Buhari's request for $5.8 billion in borrowing from international lenders. The money from the World Bank, China Export and Import Bank, German…
- 2 Aug 2017
FG Approaches China for $550m to Buy Satellites, Others
Federal government has approached the China Import Export Bank, for a loan of $550million to acquire two new communications satellites for the Nigeria Communications Satellites Limited and the…
- 9 Jun 2016
Dangote Acquires Shares in Afreximbank
The Dangote Group, Africa’s leading indigenous conglomerate, has become the latest corporate organisation to join the African Export-Import Bank as a shareholder. According to information released by…
- 20 Mar 2023
Stanbic IBTC Empowers Nigerian Export Business Owners
Stanbic IBTC Bank has empowered export business owners with the knowledge and resources needed to succeed in the export trade sector through its recently hosted Trade Export Webinar. During the…
- 10 Jan 2023
Jetstream, a Ghanaian e-logistics platform Raises $13M Debt, Equity Funding
The market for cross-border logistics services is said to hit revenues of $32 billion by 2025, with several companies vying for market share in the ever-growing competitive industry. Ghanaian…
- 22 Mar 2021
The impact of COVID-19 on the Debt Capital Markets in Africa - FBNQuest
Traditionally, corporates and states in Africa use debt capital markets to raise huge funding. As the coronavirus bites harder against the increasing debt-to-GDP ratios coupled with increasing risks…
- 19 Dec 2013
AFC Closes US$250m Syndicated Term Loan Facility
The Africa Finance Corporation (AFC) has signed a US$ 250 million syndicated term loan facility, marking its debut in the international syndicated loan market. The facility, which was oversubscribed,…
- 11 Jan 2021
Stanbic IBTC Supports Businesses with Bouquet of Solutions
Stanbic IBTC Holdings PLC, has highlighted its array of solutions to support businesses in the country to make the most of 2021. The solutions on offer are geared towards providing access to flexible…
- 11 Feb 2016
FG Denies Shelving Eurobond Sale, Plans March Roadshow
The federal government has denied that it has shelved a planned Eurobond sale for as much as $1 billion to plug its fiscal deficit and will start meeting investors next month, according to Kemi…
- 10 Jul 2013
President Jonathan in China, Inks $1.1Bn Loans
Goodluck Jonathan, Nigerian President and Xi Jinping, Chinese President presided Wednesday over the signing of accords between their governments to facilitate $1.1 billion in low-interest loans for…
- 29 Jul 2020
Reps Fume as Clauses Concede Nigeria to China in Loan Agreement
A house of representatives panel has raised the alarm over clauses conceding Nigeria’s sovereignty to China in a loan agreement. The clause described as “lethal” by the panel is in article 8(1) of…
- 21 Sept 2010
NigComSat Reposition for Excellence
Ahmed Rufai, chief executive officer, Nigerian Communication Satellite (NigComSat), has said that with nearly 150 young engineers fully trained and equipped to fit into any global engineering field,…
- 28 Nov 2021
$3.48Bn Loan: Nigeria Risks Losing Assets to China – Experts
Economic and financial experts have warned the Federal Government that Nigeria risks losing key national assets to China in the event that it defaults in paying back loans obtained from China which…
- 24 Jan 2017
Nigeria Must not Scare Away MTN - Shittu
Adebayo Shittu minister of communications said, Nigeria must not scare away MTN, as lawmakers investigate alleged illegal money transfers just three months after the government fined Africa's biggest…
- 31 Jul 2012
Billions Waste as Bureaucracy Stalls NRTP
National Rural Telephony Project (NRTP), the little successful $200 million conceived in 2001 to take telephony services to the rural areas is now caught in a web of confusion, claims and…
- 13 Aug 2012
NRTP: FG Mute on Kano Zone
The federal government has said that it is yet to take any decision on the Kano zone of the National Rural Telephony Project, a part of the little successful $200 million initiative conceived in 2001…
- 31 Jan 2017
Concerns over FG’s "Eavesdropping" Satellites
The federal government has said that it will go ahead to build and launch two new satellites, despite an alleged loss of about $10 billion to foreign geospatial information sourcing firms due to what…
- 19 Jan 2014
FG Hands Over $200m NRTP to Operators in April
Ministry of Communications Technology said it is waiting for the final confirmation by the federal executive council (FEC) to handover the National Rural Telephony Project (NRTP) to operators that…
- 4 Aug 2013
Fresh Headaches for Rural Telephony Project
The inability of ministry of Communications Technology to secure certificate of concurrence from the Infrastructure Concession Regulatory Commission (ICRC) is delaying the conclusion of the National…
- 30 Mar 2015
IFC Commits $200m to Invest in Emerging Markets
IFC, a member of the World Bank Group, has committed up to $200 million to the IFC Financial Institutions Growth Fund (FIG Fund). The FIG Fund’s mandate is to make equity investments alongside IFC in…
- 24 May 2010
NEPC, NFC, Others Team up to Export Entertainment Industry
The Nigerian Export Promotion Council (NEPC), World Bank, National Film and Video Censors Board (NFVCB), Nigeria Film Corporation (NFC) and Nigerian Copyright Commission (NCC) have joined forces to…
- 4 Feb 2016
FXTM January Currency Roundup
Concerns over the resumption of selling in the commodity markets, China’s slowdown and the market’s adjustment to higher US interest rates led to volatility and losses in the international stock…
- 14 Jun 2016
Red Star Boss Commends FG On Currency Swap
Mr. Sule Bichi, group managing director of Red Star, one of Nigeria’s logistics company, has commends the Federal Government of Nigeria for its currency swap policy of Naira to Yuan, pointing…
- 14 Sept 2021
Buhari Asks Senate to Approve Humongous $4Bn, €710m External Loans
The Senate has received a formal request from President Muhammadu Buhari to consider and approve an external loan to fund projects captured under the 2018-2021 borrowing plan. The letter dated August…
- 5 Aug 2014
GE Plans $2Bn Investment in African Energy Infrastructure
General Electric (GE) has pledged to invest $2 billion in Africa by 2018 to boost infrastructure, worker skills and access to energy, an announcement timed to coincide with a U.S. summit meeting of…
- 16 Jan 2017
FXTM: Trump Bulls in the White House - Red Flags on US Debt
Donald Trump's administration is bullish right out of the gate. He's chosen a cabinet made up of oil business tycoons like former Exxon chairman Rex Tillerson, so the agenda is clear; boost US big…
- 10 Feb 2013
China Dumps Nigeria’s Oil, Heads for Angola
Nigeria has lost its status as Africa’s biggest exporter to Asia, particularly the China to Angola and this is coming as the latest oil and gas outages by oil giants, ExxonMobil and Shell continues…
- 16 Jan 2016
FXTM Emerging Currency Outlook 2016
The year that was 2015 saw emerging currencies challenged by a resurgent USD powering up alongside the US economic recovery, which added to the challenges faced by commodity-linked emerging…
- 28 Jan 2016
FXTM Hints on Emerging Currency Outlook 2016
The year that was 2015 saw emerging currencies challenged by a resurgent USD powering up alongside the US economic recovery, which added to the challenges faced by commodity-linked emerging economies…