16 results
- 14 Dec 2012
AfDB Gives FirstRand $300m for Projects in Africa
Board of Directors of the African Development Bank (AfDB) has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 million to FirstRand Bank Limited (FRB) of South…
- 13 Oct 2015
NSE Appoints Advisors to Prepare Possible IPO
The Nigerian Stock Exchange (NSE) has appointed South African bank FirstRand and local investment firm Chapel Hill Denham to advise it on a possible share flotation, it said on Tuesday. The bourse,…
- 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,…
- 18 Jul 2014
AfDB Issues Inaugural Local Currency Bond in the Nigerian Capital Market
After receiving the Securities and Exchange Commission (SEC) of Nigeria’s approval to establish a NGN 160 billion Medium Term Note (MTN) Programme and “No Objection” from the SEC to start the book…
- 20 Jun 2015
Accenture, NBI to Enhance Business Operations & Sustainable Innovation
The narrative for Africa has for eons remained that of the ‘dark continent’ forever in the grip of stagnation; so much so that in May 2000, The Economist ran a cover story on Africa, headlined “The…
- 31 Mar 2017
NSE to Become a Listed Company
The Nigerian Stock Exchange (NSE) has been given a green light by its members to become a publicly listed company, it said on Thursday. The members also approved the appointment of South African bank…
- 31 Jan 2018
UBA Syndicated Loan Stimulates Appetite in Nigeria
United Bank for Africa (UBA) has raised a US$160mn syndicated trade finance facility, which experts say is a sign that appetite is returning for the financially beleaguered country. GTR is the…
- 22 Apr 2018
MTN Picks More Banks for Nigerian IPO
MTN Group Ltd. has appointed more banks for the sale of shares in its Nigerian unit on the stock exchange in Lagos as it sets to start an initial public offering in June or July, according to…
- 10 May 2018
African Fintech, Agribusiness Firms Attract Interest from Investors
African private equity and venture capital deal-making in April were dominated by investments in technology companies, particularly fintech and business-to-business platforms, together with…
- 10 Apr 2019
Absa, South African Top Bank to Open Shop in Nigeria
Absa, South African lender is aiming to make a start on its investment bank-focused expansion into Nigeria in the second half of this year, according to Charles Russon, chief executive of the…
- 4 Oct 2021
IHS Towers Kicks Off IPO
IHS Towers, one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world, announced today that it has commenced an initial public offering…
- 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…
- 13 Oct 2025
IHS Closes Deal to Sell Rwanda Operations
IHS Holding Limited (IHS Towers), an independent tower company, has completed the sale of 100% of Rwanda operations to Paradigm Tower Ventures. First announced in May, the deal is worth $274.5…
- 24 Oct 2012
CNBC Africa Honours Late GTBank MD, Others
CNBC AFRICA is to honour the Late Tayo Aderinokun (Former MD, GTBank), Funke Opeke, Chief Executive Officer, Main One Cable Company and other prominent Nigerians at this year’s All Africa…
- 18 Mar 2026
One SA Bank Equals Nigeria’s Entire Banking Sector - Why Recapitalisation Is Critical for Global Competitiveness
By Blaise Udunze Nigeria has always prided itself as Africa’s largest economy and most populous nation. Currently, its banking sector is confronting a moment of truth that should send shockwaves.…
- 24 Apr 2013
MTN Secures $3Bn Facility to Upgrade Network
MTN Nigeria, with the largest subscriber base in the country has secured a $3 billion (about N470 billion) loan facility from a consortium of local and international financial institutions to upgrade…