30 results
- 28 Jun 2024
IFC Partners Deutsche Bank to Boost Trade Finance in Africa with a Focus on Small, Fragile
To help provide vital financing to importers and exporters of essential goods in Africa, especially in small, fragile, and conflict-affected states, IFC announced a risk-sharing facility with…
- 21 Sept 2020
Banks Fingered in $2trn Dirty Money Scam
Some of the world’s top banks have been found to be complicit in aiding criminals move $2 trillion in dirty money around the world, according to leaked government files. The exposition was done by…
- 1 May 2026
Opay Plans IPO in US, Targets $4Bn in Valuation
Opay, a financial technology (fintech) firm, is working with Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. for an initial public offering (IPO). According to a report by Bloomberg on…
- 4 Aug 2015
ISPON Urges Nigerian Banks to Invest in Tech Startups
The Institute of Software Practitioners of Nigeria (ISPON), an umbrella body for indigenous software companies in the country, has recommended that Nigerian banks should emulate their foreign…
- 3 Feb 2014
IFC, IIB to Boost Development in Emerging Markets
International Financial Corporation (IFC) and International Investment Bank (IIB) have agreed on closer collaboration, to provide vital financing to private companies, help boost growth, and create…
- 3 Jul 2018
Ecobank Plans Dollar Bond
Ecobank has mandated international lenders to arrange investor meetings in Britain and the United States, after which it plans to issue a five-year dollar-denominated bond, the African bank said.…
- 15 Apr 2015
M&A Transactions in Sub Saharan African Hit $5.7Bn in Q12015
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has released the quarterly investment banking analysis for the Sub Saharan Africa region.…
- 19 Jan 2016
African Debt Issuance Raised $15.5Bn Proceeds for 2015
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has released the annual investment banking analysis for Sub-Saharan Africa. According to…
- 25 May 2015
Ecobank Nigeria Gets $15m from US Govt
Ecobank Nigeria has been granted a $15 million credit line under the United States Department of Agriculture (USDA) Export Credit Guarantee Programme. The GSM 102 Programme provides credit guarantee…
- 23 Mar 2024
Tony Elumelu @ 61: Marking Another Milestone
By Chidiebere Nwobodo The unit of life is time. And life is like a leaf of plain white paper you decide what to write on it. This philosophy defined Tony Elumelu’s teenage years. Tony Elumelu Then…
- 8 Jun 2021
UBA, DEG Sign $50m Term Loan to Support SMEs in Nigeria
United Bank for Africa (UBA) Plc, Pan African financial institution, and Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German Development Finance Institution, have entered into a…
- 23 Nov 2009
CBN Appoints Advisers for Troubled Banks
The Central Bank of Nigeria (CBN) has appointed advisers that will work with the eight troubled deposit money banks to ensure the stability and soundness of the banking industry. The banks, whose…
- 5 Oct 2017
AfDB Issues First “Light Up and Power Africa” Theme Bond
The African Development Bank (AfDB) has issued the first “Light Up and Power Africa” Bond for SEK 733 million (approximately JPY 10 billion) sold to the Dai-ichi Life Insurance Company, Limited, the…
- 4 Oct 2015
Zenith Capital Appoints Jubril Enakele as CEO/MD
Zenith Capital Limited, a leading investment bank, has appointed that Jubril Enakele the Chief Executive Officer and Managing Director. This appointment took effect in May, 2015. In his new role,…
- 18 Aug 2026
Standard Bank Targets Stake in OPay Ahead of IPO – Report
Africa’s largest bank by assets, Standard Bank Group is in negotiations with Nigerian fintech company OPay ahead of the latter’s planned initial public offering (IPO) in the United States.
- 4 Oct 2016
FXTM Analysis: Hard Brexit Fears Inspire Sterling Bears
Sterling/Dollar stumbled to fresh 31 year lows at 1.2736 during trading on Tuesday as the horrible combination of Brexit anxieties and a resurgent Dollar encouraged bears to install repeated rounds…
- 12 Dec 2014
Nigeria Sinks Below Zimbabwe Stock Valuations
Nigeria’s Islamist insurgency, tumbling oil revenue and a looming presidential election have turned the nation’s stocks into Africa’s biggest laggards, according to Bloomberg . The country’s main…
- 22 Oct 2014
Sub Saharan African Equity Issuance Triples to $ 6.4Bn
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has released the quarterly investment banking analysis for the Sub Saharan Africa region and…
- 21 Oct 2013
Key Measures Point Stinky Fingers @ Nigeria
From pervasive corruption to alarming incidences of intellectual property theft, Nigeria has been ranked among the bottom 10 performers in the world according to a compilation by ENDS.ng, Every…
- 4 Sept 2013
FG Shops for Co-Arrangers for N80Bn Note Issue
Federal government is shopping for an international bank and a local lender to act as co-arrangers for N80 billion depository note to be issued this year, according to the Debt Management Office…
- 23 Apr 2026
Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan
President Bola Tinubu has requested Senate approval for a $516.3 million foreign syndicated loan to fund key sections of the Sokoto-Badagry superhighway, a cornerstone of his Renewed Hope Agenda.…
- 12 Aug 2026
AFC Raises $430m in Digital Bond to Deepens Digital Financial Infrastructure
The Africa Finance Corporation (AFC) has raised CHF350 million, about $430 million, through a five-year digital bond, marking a major step in the use of regulated digital financial infrastructure by…
- 24 Apr 2013
FedEx Lands $10.5Bn Postal Service Deal
Federal Express Corporation (FEDEX) has won a contract with the U.S. Postal Service valued at about $10 billion to carry mail between U.S. airports, fending off a challenge from United Parcel Service…
- 8 Jul 2013
EU Pledges Euros 27 for Nigeria’s Renewable Energy
The European Commission has announced €27 million of financial support to help improve the renewable energy policy in Nigeria. Currently, a large part of the Nigerian population lacks access to…
- 5 Jun 2023
IFC, Partners Support BUA with $500M Facility to Boost Industrialization, Jobs in Nigeria and Sahel
IFC yesterday made its largest-ever investment in northern Nigeria, providing a financing package alongside African and European partners to BUA Cement Plc to help the company part-finance and…
- 12 Feb 2018
Ecobank Obtains $200m Loan from Dutch Bank for SMEs
A syndicated loan facility worth $200 million has been secured for Ecobank Transnational Incorporated (ETI) by the Dutch development bank (FMO), Business Post has learnt. The loan would…
- 16 Mar 2016
Huawei Announces Leading Solution to Build Better Connected World
Huawei Enterprise Business Group today launched innovative solutions and partnerships under its new marketing slogan -- “Leading New ICT, Building a Better Connected World” at CeBIT 2016, the world’s…
- 16 Nov 2022
CBN, World Bank Partner to Drive Access to Credit for MSMEs in Nigeria
National Collateral Registry (NRC), a financial infrastructure set up by the Central Bank of Nigeria (CBN) and International Finance Corporation (IFC), a World Bank group have expressed readiness to…
- 13 Apr 2018
ONEm Extends its Internet-like Services to Africa
London-based high-tech firm ONEm has announced plans to expand the reach of its internet-like services to more Africans who are without internet connectivity or smartphones. The company says it is…
- 8 May 2014
DHL Express Unveils New Aircraft for Key West Africa Route
DHL Express, a global market leader in the express logistics industry, continues to invest in its fleet and recently took delivery of a new B737-400 aircraft to service the Cote d’Ivoire,…