28 results
- 22 Dec 2017
DMO Pioneers Diaspora Bond, Eurobonds on FMDQ Platform
The Federal Republic of Nigeria through the Debt Management Office (DMO) has pioneered the inaugural listing of Diaspora Bond on the FMDQ OTC Securities Exchange platform. FMDQ in a statement in…
- 11 Jan 2017
FG Says $300m Diaspora Bond Out in March
Kemi Adeosun, minister of Finance, said the $300 million diaspora bond approved by the National Assembly will be rolled out in March. Adeosun spoke when Mrs. Abike Dabiri-Erewa, senior special…
- 31 Jan 2017
FG Seeks Goldman, Stanbic Assistance on Sale of "Diaspora Bond"
The federal government has asked Goldman Sachs and the local unit of South Africa's Standard Bank to advise it on the sale of a debut "diaspora bond" targeted at Nigerians living abroad, Stanbic IBTC…
- 8 Oct 2025
Nigeria Seeks to Raise $2.8Bn Including its First International Sukuk
Federal government plans to raise $2.8 billion in fresh funding as part of efforts to diversify its borrowing instruments and attract capital from global Islamic finance markets. President Bola…
- 22 Apr 2024
FG to Secure Fresh $2.25Bn World Bank Loan
Federal government of Nigeria has announced its qualification for a loan from the World Bank, totaling $2.25 billion. Wale Edun, finance minister, unveiled this milestone during a joint press…
- 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…
- 2 May 2025
FMITI, NGX Group Partner to Achieve $6Bn Investment Target
The Federal Ministry of Industry, Trade and Investment (FMITI), under the leadership of Honourable Minister Dr. Jumoke Oduwole, MFR, has reaffirmed its commitment to Nigeria’s economic transformation…
- 8 May 2014
Western Union, Moneygram Hit Nigeria, Others with Charges
Western Union and Moneygram, the world's leading money transfer companies, have been accused of charging a premium of up to 12 per cent on remittances into Africa, according to a recently released…
- 11 Sept 2024
AFC Leads Nigeria’s Inaugural Domestic Dollar Bond, Raising over $900m
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced the issuance of an inaugural domestic dollar bond from the Federal Government of Nigeria…
- 23 Aug 2024
Afrexim Bank Boosts Africa’s Creative Industry with Launch of “One Drum” EP
Afrexim Bank’s Creative Africa Nexus (CANEX) programme has launched the highly anticipated “One Drum” EP, a collaborative music project that brings together top artists from Africa and the diaspora.…
- 26 Dec 2024
FirstBank’s DecemberIssaVybe Lights Up Lagos with Davido Concert
By Farouk Mohammed Once again, FirstBank has reaffirmed its position as a champion of arts, culture, and entertainment through its annual DecemberIssaVybe initiative. This year, the bank brought…
- 8 Aug 2012
Airtel Nigeria Rings Ramadan with New Offerings
Airtel Nigeria has unveiled special Ramadan offerings to enable customers connect to families and loved ones at affordable rates and also boost their spiritual state with Islamic inspirational…
- 9 Jul 2013
Airtel Celebrates Muslim Faithful with Special Ramadan Offer
Airtel Nigeria, leading telecommunications services provider has unveiled special Ramadan offerings to enable customers connect to families and loved ones at affordable rates and also boost their…
- 10 Jan 2024
SEC Grants NASD Approval to Launch Digital Securities Platform
The Nigerian Securities and Exchange Commission (SEC) has granted approval to NASD Plc to launch its Digital Securities Platform (N-DSP). The N-DSP is powered by Blockstation, under the Regulatory…
- 14 Sept 2017
Nigeria Commences Sale of N100Bn Debut Sovereign Sukuk
Nigeria has started the sale of a N100 billion ($326 million) debut sovereign sukuk on the local market to fund road infrastructure, the Debt Management Office (DMO) said on yesterday. The seven-year…
- 26 Oct 2025
SEC Puts Nigeria’s Cryptocurrency Transactions in One Year @ Over $50Bn
Emomotimi Agama, director general, Securities and Exchange Commission (SEC), has disclosed that over $50 billion worth of cryptocurrency transactions flowed through Nigeria between July 2023 and June…
- 4 Nov 2013
CBN Calls for Diversification of Infrastructure Financing
Malam Sanusi Lamido Sanusi, governor , Central Bank of Nigeria, on Monday called on the Federal Government to consider diversification in sourcing funds for infrastructure development. Sanusi made…
- 2 Oct 2017
AfDB to Promote Remittances into Africa
Africa Development Bank (AfDB) would promote remittances into Africa from its Diaspora community to boost the region’s economic growth, Gabriel Negatu, the bank’s Director General for East Africa…
- 20 Oct 2025
FG Clarifies Position on Remitted Diaspora Income
As clarifications on the new tax reform law continues, the Federal Government has restated that not all incomes earned abroad and brought into Nigeria by nonresident individuals will be taxed,…
- 26 Sept 2024
Afrinvest Pioneers Remittance for Investment in Nigeria Through Integration with Western Union
Afrinvest (West Africa) Limited (“Afrinvest”), a leading investment management holding company acting through its wholly owned subsidiary, Afrinvest Asset Management Limited, a fund manager licensed…
- 21 Jul 2013
Africa Endorse AfDB’s Africa50 Fund to Support Infrastructure
In a joint declaration issued in Tunis, Tunisia, on 19 July 2013, African institutions endorsed the AfDB’s Africa50 Fund as Africa’s vehicle to facilitate large-scale mobilization of resources and to…
- 9 Nov 2013
Kaberuka, AfDB President Named 2013 African of the Year
Donald Kaberuka, president , African Development Bank Group (AfDB) has been named 2013 African of the Year in recognition of his role in spearheading the Africa50 Fund to mobilize the financing of…
- 29 Apr 2019
SEC To Review Capital Market Master Plan
Nigeria’s 10 year Capital Market Master plan is about to be reviewed to go along with current economic realities. Ms. Mary Uduk, Acting Director General of the Securities and Exchange Commission,…
- 20 Sept 2015
Yudala to Create Millionaires through YUBOSS
Yudala is focused on creative employment for thousands of Nigerians and Africans by extension through its entrepreneurial scheme known as YUBOSS, according to Mr. Sam Ojo, chairman of Yudala,…
- 29 Dec 2021
Digital Technology to Provide Needed Trust and Safety in Estate Development - VEGAHs Boss
VEGAHs, Nigeria’s most Innovative real estate tech company, is rolling out the drums to celebrate its fifth anniversary. VEGAHs is holding up digital technology as the theme of the celebrations.…
- 16 Jul 2021
Foreign Exchange Inflows still Below Pre-COVID Levels
Tunde Abidoye According to the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin for Quarter 4, 2020, total Foreign Exhange (FX) inflows into the Nigerian economy declined by -6.4% q/q…
- 10 Jan 2023
United Capital Launches Special Dollar-denominated Fund
United Capital Plc, the nation’s foremost investment bank and financial services group, has kicked off the new year with the launch of its new mutual fund, the United Capital Global Fixed Income…
- 2 Oct 2015
Banks to Freeze 32m Accounts without BVN from November 1
Banks’ customers have until October 31 to enroll for the Bank Verification Number (BVN) or risk having their accounts frozen from November 1, according to the Bankers’ Committee. The Bankers’…