Category: Finance
The Republic of Niger and the African Development Bank on Tuesday signed a $128.8 million financing agreement to support the “Kandadji” project for the regeneration of ecosystems and the development of the Niger Valley (PA-KRESMIN). Nigerien ...
The African Development Bank (AfDB) has said Nigeria spends more than half of its revenue to repay debts. This was contained in the bank’s West Africa Economic Outlook 2019, where it said Nigeria performs poorly ...
The Debt Management Office says the impact of the proposed limitation of commercial banks’ access to government securities on the market will depend on the actual mechanism provided by the CBN. Mr Oladele Afolabi, the ...
The African Export-Import Bank (Afreximbank), says it will provide a credit facility valued at two billion Rands (about 140 million dollars) to the Kingdom of Eswatini for trade and economic goals. Prof. Benedict Oramah, Afreximbank’s President, ...
Foreign loans that use minerals as collateral may complicate Zimbabwe’s future negotiations with foreign creditors to restructure its $8.8 billion debt, an International Monetary Fund official said on Monday. Gene Leon, the IMF mission chief ...
The Marine Club of Nigeria (MCN) has urged the Central Bank of Nigeria (CBN) to reduce benchmark lending rate in order to position commercial banks to better aid operations of businesses in the country. The ...
Trep Labs-Real Drip and Ladipomarket.com.ng were the two last startups standing at the maiden edition of Heritage Bank’s Innovative Lab, which won them $40,000 (N15m) as grants. The bank said the 12-week programme, which held ...
Worried by the increasing rate of the unbanked population, the Federal Government, through the Central Bank of Nigeria (CBN), kicked off a campaign in 2012 to achieve 80 per cent financial inclusion of adult population ...
Two foreign banks have agreed to provide 600 million dollars to fund an integrated iron and steel plant being constructed in Kagarko, Kaduna State. Alhaji Abubakar Bwari, the out-going Minister of State, Mines and Steel ...
The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance ...
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