30 results
- 24 May 2015
CBN Grants Kakawa Discount House Merchant Banking licence
Central Bank of Nigeria (CBN) has approved a merchant banking licence for First Bank Nigeria Holdings Plc, through its subsidiary, the Kakawa Discount House Ltd. Mr. Bello Maccido, FBN Holdings group…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 15 Jun 2016
Providus Bank Gets Commercial Banking Licence from CBN
Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN), according to information on the apex bank’s website on Tuesday.…
- 16 Feb 2022
Bank of Industry Launches EUR700m Eurobond
The Bank of Industry (BOI), assisted by Rand Merchant Bank (RMB) has issued a EUR700m Eurobond by way of 144A/RegS Senior Note Participation Notes, irrevocably and unconditionally guaranteed by the…
- 16 Aug 2018
MTN Nigeria Inks N200bn loan facility with 12 banks for Network Expansion
MTN Nigeria on Wednesday signed a seven-year N200 billion medium term facility with a consortium of twelve (12) local banks, with FBN Quest acting as facility agent. Ferdi Moolman, Chief…
- 15 Apr 2015
M&A Transactions in Sub Saharan African Hit $5.7Bn in Q12015
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has released the quarterly investment banking analysis for the Sub Saharan Africa region.…
- 22 Sept 2021
RMBN Stockbrokers Launches New HNI Brokerage Product
Rand Merchant Bank Nigeria (RMBN) has launched stockbroking product that enables their high networth individual (HNI) clients to participate in the Nigerian equities market with guidance and…
- 19 Jan 2016
African Debt Issuance Raised $15.5Bn Proceeds for 2015
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has released the annual investment banking analysis for Sub-Saharan Africa. According to…
- 21 Oct 2019
CBN Fines 12 Banks N500Bn for Refusing to Lend to Customers
Central Bank of Nigeria (CBN) has fined 12 major banks N499.1billion for breaching its guidelines on lending to the real sector of the economy. According to an approved debit instruction, the…
- 1 Feb 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…
- 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,…
- 20 Mar 2020
BOI Raises $1Bn from International Capital Market for SMEs
Bank of Industry (BOI) said it has raised €1 billion (approximately $1.11billion) from the international capital market, towards revitalising Nigeria’s industrial sector and creating 10 million jobs…
- 2 Dec 2014
IFC to Provide $80M Debt Financing to Azura-Edo Investment
IFC, a member of the World Bank Group, signed agreements to provide $80 million of debt financing to Azura Power West Africa Limited, a 450 MW gas-fired independent power project in Nigeria (the…
- 12 May 2021
FSDH Funding SPV Lists N12bn Bonds on FMDQ Exchange
FMDQ Securities Exchange Limited has approved the listing of the FSDH Funding SPV Plc’s N7.05 billion Tranche A and N4.95 billion Tranche B Series 1 Fixed Rate Bonds, under the company’s N30 billion…
- 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…
- 4 Oct 2019
CBN Slams N500Bn Fine on Six banks for Loan Policy Violation
Central Bank of Nigeria (CBN) has slammed a fine of N500 billion on six Deposit Money Banks (DMBs) listed on the Nigerian Stock Exchange (NSE) as well as six other lenders for failing to meet the 60…
- 30 Nov 2019
Ecobank, Standard Chartered Lead in Capital Importation to Nigeria
National Bureau of Statistics (NBS) says Ecobank Nigeria and the local unit of Standard Chartered Bank have joined Stanbic IBTC Bank to become foreign investors’ favourites for investment deals.…
- 17 Jul 2022
Experts @ AIHN Awards Applaud MTN’s Novel Public Offer
MTN Nigeria’s novel approach to its Public Offer has received commendation from Capital Market experts at the 2022 Investment Banking Awards organised by the Association of Issuing Houses of Nigeria…
- 14 Jul 2022
Experts Applaud MTN’s Novel Public Offer
MTN Nigeria’s novel approach to its Public Offer has received commendation from Capital Market experts at the 2022 Investment Banking Awards organised by the Association of Issuing Houses of Nigeria…
- 6 Mar 2018
African Broadband Operators Increase Investment to Meet Soaring Data Demand
An urgent requirement for new investment into telecom and broadband infrastructure in Africa is driving a fresh flurry of mergers, acquisitions, IPOs, investment and financing activity, as the…
- 19 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…
- 25 Nov 2021
Emefiele Flags-off TIE Scheme
Mr Godwin Emefiele, Central Bank of Nigeria (CBN) Governor, yesterday, officially flagged off the Tertiary Institutions Entrepreneurship Scheme (TIES), an intervention of the apex bank aimed at…
- 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…
- 31 Jan 2020
Interswitch Lists N23bn Bond on Stock Exchange
The callable N23 billion worth of bond issued by leading technology-driven company with a focus on the digitisation of payments in Nigeria and other African countries, Interswitch Limited, has been…
- 25 Oct 2019
Interswitch Limited completes N23Bn Bond Placement
Following the registration of a N30 billion debt issuance programme with the Securities and Exchange Commission of Nigeria, Interswitch Limited, a leading technology-driven company focused on the…
- 23 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…
- 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…
- 10 Aug 2016
Foreign Investors Lose Hope in Buhari’s Unclear Policies
Foreign investors steadily lost confidence in the government’s ability to manage the declining economy during President Muhammadu Buhari’s first year in office, partly because the president backed…
- 21 Apr 2018
MTN Appoints Investment Firms for Nigerian Unit's IPO
MTN has appointed Nigerian investment firm Chapel Hill Denham as lead issuing house for the initial public offering of its Nigerian business in Lagos later this year, two sources told Reuters on…