23 results
- 9 Jan 2020
African SMEs Receive Boost with $33 Million Capital Increase
Africa’s leading Guarantee Institution, African Guarantee Fund (AGF) has received an additional USD 33M financing from German lender KfW Development Bank , in a move that will catapult AGF’s efforts…
- 12 May 2017
IFC Invests in Africa Local Currency Bond Fund to Support Capital Markets
IFC, a member of the World Bank Group, has announced that it is investing $20 million in debt in the African Local Currency Bond Fund (ALCB Fund Ltd.) to help develop local currency capital markets…
- 6 Apr 2017
FG Approves $1.3Bn Take-off Grant for Development Bank of Nigeria
The Federal Executive Council has approved a 1.3 billion dollars loan credit facility for the commencement of the Development Bank of Nigeria. The approval came on the heels of a memo submitted by…
- 2 Oct 2013
AfDB Invests $70m n PTA Bank to Boost Trade in Africa
Board of Directors of the African Development Bank (AfDB) has approved a financial package consisting of $20 million in additional equity and a $50-million line of credit (LOC) to finance projects in…
- 3 Oct 2013
AfDB Doles Out $4.3Bn to Finance Clean Energy Projects in Africa
Between 2011 and 2012, the African Development Bank (AfDB) increased by a staggering 92% its investment in clean energy in Africa, according to a new report by Bloomberg New Energy Finance. The…
- 12 Aug 2015
German Varsities Welcome Pan-African University Students for Summer School
The first cohort of students of the Pan African University Institute of Water and Energy Sciences, including Climate Change (PAUWES) attended a Summer School in Germany organized from July 17 to 31.…
- 13 Jan 2017
FG Applies for Banking Licence for DBN
Federal government has formally applied for operational license for Development Bank of Nigeria (DBN) from the Central Bank of Nigeria (CBN). A statement from the Federal Ministry of Finance…
- 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 2017
DBN will Catalyse SMEs’ Growth, Adeosun
Mrs. Kemi Adeosun, minister of Finance, has stated that the Development Bank of Nigeria (DBN) is being positioned to galvanise the Small and Medium Scale Enterprises (SMEs) sector for the overall…
- 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…
- 19 Apr 2018
EIB, AfDB to invest US$70m in Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment…
- 6 Jul 2018
AfDB Convenes Africa Energy Market Place
Public, private and civil society stakeholders, including government agencies, development partners and investors in the energy sector began a two-day workshop yesterday to discuss the technical,…
- 12 Apr 2019
AfDB Approves $15million Investment Package for InfraCredit Company in Nigeria
The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the…
- 7 Jul 2019
AU Commission Seeks Financial Input for NEPAD-IPPF Special Fund
The 29th Oversight Committee (OC) meeting of the New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund held at the headquarters of the African…
- 23 Jun 2021
USTDA, InfraCredit Partner on Infrastructure in Nigeria
InfraCredit, a specialised infrastructure credit guarantee institution has signed a Memorandum of Understanding (MoU) with the United States Trade and Development Agency to bring high-quality U.S.…
- 21 Jul 2021
Agusto, GCR Affirm InfraCredit’s ‘AAA’ Long Term Credit Ratings
Rating agencies, Agusto & Co and Global Credit Ratings (GCR) have re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited (InfraCredit), specialised infrastructure…
- 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…
- 26 Aug 2022
Agusto, GCR Affirm ‘AAA’ Long Term Credit Rating of InfraCredit
For the fifth consecutive year, rating agencies, Agusto & Co (“Agusto”) and Global Credit Ratings (“GCR”) re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited…
- 23 Apr 2023
AfDB, ILX sign Partnership to Mobilize European Institutional Capital for Sustainable Projects Across Africa
The African Development Bank and ILX Management B.V. (ILX) signed a partnership agreement to scale up investments and spur institutional investor capital mobilization for Sustainable Development…
- 25 Aug 2008
Revealed! How Siemens Got Energy Deal
A high wire presidential intervention brokered by Angela Merkel, German Chancellor led to the inclusion of controversial firm, Siemens Nigeria in the energy partnership deal between Nigeria and…
- 16 Jan 2026
NGX Unveils Net-Zero Plan for Greener Capital Market
Nigerian Exchange Limited (NGX) has launched the NGX Net-Zero Programme to guide listed companies toward clear carbon reduction pathways and enhanced climate disclosures aligned with global investor…
- 15 Jun 2010
Banks Grant MTN N318 Billion Loan Facilities
MTN Nigeria, Nigeria’s leading telecommunications company has received fresh loan facilities to enable the company further expand its network across the country. A consortium of 15 Nigerian…
- 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…