30 results
- 18 Mar 2024
Coronation Report Reveals Key Role of Private Sector to Nigeria’s Infrastructure Funding
The maiden edition of Coronation group infrastructure report has revealed that the private sector has a critical role to play in infrastructure funding in Nigeria. The report stated that the key to…
- 5 Oct 2023
Chapel Hill Denham to List N200bn Infrastructure Fund on NGX
The Nigerian Exchange Limited (NGX), said it is set to admit the listing of Nigeria Infrastructure Debt Fund (NIDF) N200 billion public infrastructure investment fund by Chapel Hill Denham on its…
- 2 Nov 2023
Tizeti Secures Facility to Expand Solar-Based Internet Access in Nigeria
Tizeti Network Limited, West Africa’s pioneer solar-based internet service provider, has secured long-term financing from Chapel Hill Denham’s Nigeria Infrastructure Debt Fund (NIDF) to finance the…
- 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.…
- 11 Nov 2022
InfraCredit Secures UK-funded Debt Issuance Guarantee
InfraCredit, has announced the credit enhancement of Darway Coast Nigeria Limited’s green debt issue, under a co-financing arrangement with the £10 million Climate Finance Blending Facility funded by…
- 22 Oct 2025
Rafsanjani @ IMF/World Bank Meetings, Says Nigeria’s Debt Surge Reckless
Auwal Musa Rafsanjani, executive director, Civil Society Legislative Advocacy Centre (CISLAC) and head of Transparency International Nigeria, has highlighted Nigeria’s escalating debt as reckless and…
- 23 Dec 2020
Stanbic IBTC Pension Fund Managers to Invest in Real Estate, Infrastructure
Stanbic IBTC Pension Fund Managers, Nigeria’s biggest pension-fund manager wants the flexibility to invest directly in large local projects. Financing the development of domestic industries with…
- 8 Sept 2020
FMDQ CEO Seeks Infrastructure Funding Through Capital Market
Mr. Bola Onadele.Koko, Chief Executive Officer, FMDQ Group, has said that infrastructure development is critical for economic growth, reduced poverty, job creation as well as improving the well-being…
- 28 Mar 2024
EAIF Commits Additional US$30M to Support Indorama’s Expansion with Third Urea Plant in Nigeria
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a US$30 million senior debt facility to Indorama, a leading producer and…
- 28 Jul 2026
Malpass, Ex World Bank Chief Raises Alarm over Nigeria’s Secretive Debt Structures
David Malpass, former World Bank President, has warned that Nigeria’s increasing reliance on collateral-backed and complex borrowing arrangements could make any future debt restructuring more…
- 9 May 2023
Banks Fail to Remit Funds as USSD Debt Reaches N120Bn
The Unstructured Supplementary Service Data (USSD) platform is experiencing an extensive crisis, and although talks between the banks and telecommunications operators are ongoing at the regulatory…
- 21 Feb 2024
d.light, Chapel Hill Denham Close N10Bn in Securitized Financing to Fund Off-grid Solar Expansion in Nigeria
d.light, the global provider of transformational household products and affordable finance for low-income households, and Chapel Hill Denham, the largest alternatives asset manager in Nigeria, today…
- 17 May 2019
MTN Secures N200bn Medium Term Loan, Aims to Expand Infrastructure
MTN Nigeria Communications Plc has signed a 7-year N200 billion Medium Term Facility with a consortium of seven (7) banks aimed to help fund its 4G and other infrastructural projects across the…
- 2 Dec 2024
Nigeria Issues New $500m Eurobonds to Fund 2024 Budget Deficit
After a long wait all year, the Federal Republic of Nigeria has announced the launch of a dual-tranche Eurobond offering under its Global Medium Term Note Programme to finance the country’s 2024…
- 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…
- 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…
- 17 Nov 2025
Is Nigeria Economically Broke? Challenges and Opportunities in Africa’s Largest Economy
By Blaise Udunze Is Nigeria, Africa’s largest economy, economically broke? It is a question no patriotic citizen wants to confront, yet one that confronts every Nigerian daily at the fuel pump, the…
- 5 Jun 2025
AFC Proffers Action Plans for Nigeria, Africa to Unlock $4trn from Investors to Grow Economy
Nigeria and other African nations can tap up to $4 trillion in capital from institutional investors, an amount that could be used to fund the continent’s infrastructural gaps and engineer much-needed…
- 25 Feb 2021
FG Seeks Asset Manager for N15tn Infraco Fund
Federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as much as N15 trillion ($36.7 billion) for infrastructural projects and…
- 27 Nov 2020
InfraCredit to Raise Fresh Capital
The Infrastructure Credit Guarantee Company (InfraCredit) has revealed plan to raise additional capital to fund critical projects in Nigeria. The unit of the Nigeria Sovereign Investment Authority is…
- 17 Jan 2022
Periculum Launches in Nigeria, Set to Build Credit Assessment Infrastructure for Africa
The availability of domestic credit is a key requirement for consistent economic growth in developing countries. The vitality of financial services such as banking, savings, debt and equity…
- 26 Sept 2019
Experts Emphasize Need for Adequate Financing of the Power Sector
Experts have highlighted the need for adequate financing of the energy sector in Nigeria. This emphasis was made at the 2019 Power Nigeria Exhibition and Conference which held at the Landmark Centre…
- 14 Sept 2015
Smile to Sink $292m in Nigeria’s Investment Portfolio
Smile Communications, the 4G LTE broadband service provider of choice, has disclosed plans to invest larger share of the funds it recently raised on the Nigerian business portfolio. Smile Telecoms…
- 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…
- 7 Jun 2026
FG’s Debt Repayment Exceeds Budget by N1.9tn as Revenue Falls Short
Federal Government’s debt repayment obligations exceeded the 2025 amended budget allocation by N1.90 trillion in the first nine months of the year, according to the latest Budget Implementation…
- 9 Dec 2016
TERF: NCC Extols IXPs, Bares Out Mind on VAS & Interconnect, Others
The Nigeria Communications Commission (NCC) has described the Internet Exchange Points (IXPs) as the focal point of the internet and are therefore critical for the development of the internet in any…
- 7 Jan 2026
NNPC’s $1.42bn, N5.57trn Debt Write-Off and Test of Nigeria’s Fiscal Governance
By Blaise Udunze When the Federal Government approved the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the…
- 15 Dec 2021
Senate Okays Buhari's $5.8Bn Borrowing Request
The senate on Wednesday approved President Muhammadu Buhari's request for $5.8 billion in borrowing from international lenders. The money from the World Bank, China Export and Import Bank, German…
- 5 Aug 2021
NSIA Denies Being Ordered to Source $200m for Power Debt
Nigeria Sovereign Investment Authority (NSIA) has denied reports that it has been ordered to source $200 million to settle the Mambila Hydroelectric Power plant’s debt. NSIA in a statement said it is…
- 20 Nov 2023
NGX Moves to Reduce Trading Costs Through Technology
Temi Popoola, the Chief Executive Officer, Nigerian Exchange Limited (NGX), has revealed that the exchange is exploring ways to leverage technology to focus on reducing brokerage costs. Popoola…