30 results
- 1 Dec 2023
Zenith Bank Signs Mou With Cfa Institute to Develop Finance and Investment Professionals
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to promote efforts and activities that support the formation, training, and…
- 16 Jun 2024
AfDB Appoints Dr. Eric Kehinde Ogunleye as Director of African Development Institute
African Development Bank has appointed Dr. Eric Kehinde Ogunleye, a seasoned macroeconomist, as Director of the African Development Institute, effective June 1, 2024. Ogunleye, a Nigerian national,…
- 14 Jul 2015
IFC to Co-Develop the $120m Singrobo Hydro Power Plant
Africa Finance Corporation (AFC), a leading investment grade rated multilateral development finance institution and project developer, has announced the signing of a joint development…
- 10 Nov 2023
BOI Raises $5bn from International Finance Institutions
Dr. Olasupo Olusi, the Managing Director and Chief Executive Officer Bank of Industry (BOI), has said BOI has worked with their partners to raise over $5 billion from several international financial…
- 25 Jul 2021
Alabraba, ALMPO Chairman Joins The ASPEN Institute’s Finance Leaders Fellowship
The Association of Licensed Mobile Payment Operators (ALMPO) has announced that its chairman, Jay Alabraba has been selected to join the Aspen Institute’s Finance Leaders Fellowship. Alabraba will…
- 12 Oct 2017
Sage, ACCA Nigeria Partner to Develop Finance Professionals’ Skills and Expertise
Sage,, the market and technology leader for cloud accounting, people & payroll, and payment systems, has announced that they have signed a partnership agreement with the Association of Chartered…
- 12 Apr 2017
Africa Finance Corporation Issues $500m
Africa Finance Corporation (AFC), a leading Pan-African multilateral development finance institution and project developer, has issued a US$500 million 7 year Eurobond. The senior, unsecured…
- 25 Jan 2017
Africa Finance Corporation Issues US$150m Maiden Sukuk
Finance Corporation (AFC), a leading Pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated ever Sukuk issuance from an African…
- 1 Mar 2018
China’s CDB, UBA Ink $100m Deal to Support SMEs in Africa
United Bank for Africa (UBA) Plc, a Pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution, has announced the signing of a $100 million…
- 30 Mar 2017
AFC Appoints Nnanna as Chairman
Africa Finance Corporation (AFC), a leading Pan-African multilateral development finance institution and project developer, has announced that Dr Sarah Alade, its Chairman, representing the…
- 1 Nov 2013
AfDB Approves $152.50m for Agric Transformation in Nigeria
The African Development Bank Group (AfDB), Africa's premier development finance institution has approved an African Development Fund (ADF) loan of $ 152.12 million and an ADF grant of $ 0.38 million…
- 30 Nov 2018
AfDB Approves $50 million Equity Investment in AFC to Support Infrastructure Projects in Africa
The African Development Bank has approved an equity investment of US$50 million in Africa Finance Corporation (AFC) − a pan-African development finance institution established in 2007. This equity…
- 21 Jul 2023
BoI MD says DFIs Need Creative Approach to Bridge Financing Gap
Mr. Olukayode Pitan, the Chairman of the Association of Nigerian Development Finance Institutions, has said that DFIs need fresh ideas, creative approaches, and collaborative efforts to bridge…
- 19 Oct 2017
AFC Adopts IFC Master Cooperation Agreement to Boost Growth in Africa
The Africa Finance Corporation has become the 30th development finance institution to join IFC’s Master Cooperation Agreement, making it easier for the two institutions to collaborate to expand…
- 30 Mar 2017
CBN Grants National License to DBN
The Central bank of Nigeria (CBN) has granted a national license as a Wholesale Development Finance Institution to the Development Bank of Nigeria (DBN) Plc. As a wholesale bank, the DBN will lend…
- 2 Jul 2026
BoI, NBCC Sign MoU to Deepen Bilateral Trade, Industrial Growth and Investment
The Bank of Industry (BoI), Nigeria's foremost Development Finance Institution (DFI), has signed a landmark Memorandum of Understanding (MoU) with the Nigerian Belgian Chamber of Commerce (NBCC),…
- 20 Apr 2026
BOI, RMRDC Seal MoU to Address Agric Value Chain Challenges, Boost Nigeria’s GDP
Bank of Industry (BOI), Nigeria’s foremost Development finance institution and the Raw Materials Research and Development Council (RMRDC) have sealed a strategic partnership agreement to strengthen…
- 10 Mar 2014
AFC Hosts Summit to Address Infrastructure, Investment Deficit
Africa Finance Corporation (AFC), an African-led multilateral development financial institution whose mission is to improve African economies by proactively developing and financing infrastructure…
- 27 Jan 2014
NEXIM Bank Bags Best Performing African DFI
The Association of African Development Finance Institutions (AADFI) has rated the Nigerian Export-Import Bank (NEXIM) as ‘Best Performing African DFI.’ The decision was an outcome of the ‘2013…
- 30 Oct 2018
AfDB Partners Launch E-Learning Program for African Financial Institutions
The Trade Finance Division of the African Development Bank and the International Islamic Trade Finance Corporation (ITFC), have teamed up with the International Chamber of Commerce (ICC) to launch a…
- 6 Aug 2014
CBN to Raise DFIs Capital Base to N100Bn
The likes of Bank of Industry (BoI), so-called development finance institutions (DFIs) will be required to shore up their capital base to N100 billion, if the Central Bank of Nigeria (CBN) goes ahead…
- 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…
- 15 Jul 2021
CDC Group Announces US$50m Trade Finance Facility with Ecobank as Part of its Covid-19 Response
CDC Group announces US$50m trade finance facility with Ecobank as part of its Covid-19 response. CDC Group, the UK’s Development Finance Institution and impact investor, has announced a US$50 million…
- 3 Oct 2013
FG Says Interest Rate will Crash in 18 Months
President Goodluck Jonathan has said that once the restructuring of the Development Finance Institutions is concluded, the interest rates on loans will drop within the next 18 months, as access to…
- 20 Mar 2026
UBA UK, BII Sign Letter of Intent to Slash Africa’s $80Bn Trade Finance Gap
United Bank for Africa (UK) Limited (“UBA UK”) and British International Investment plc (“BII”), the UK’s development finance institution and impact investor, today announced that they have signed a…
- 29 Jul 2015
OPIC, Microsoft begin Financing Discussions with Kenya’s Mawingu Networks
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, yesterday signed a mandate letter to begin financing discussions with Mawingu Networks, a…
- 7 Jun 2026
BOI Wins Dual Honours @ EMEA Finance Awards for Sustainability and Social Impact Leadership
The Bank of Industry (BOI) has been recognised with two prestigious awards at the recently concluded EMEA Finance Achievement Awards, reinforcing its position as a leading development finance…
- 17 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…
- 27 Sept 2013
CBN Supports Power Reform with N109Bn
The Central Bank of Nigeria (CBN) said it has disbursed over N109 billion to 20 companies in support of the ongoing power reform in the country. Malam Sanusi Lamido Sanusi, CBN governor, …
- 2 Aug 2021
Agusto & Co Assigns ‘AAA’ Rating, Stable Outlook on DBN
Agusto & Co., a credit rating agency assigns an “AAA” rating on the Development Bank of Nigeria Plc, DBN, the highest rating possible on any institution. In summarizing the rating, which…