December 2018

Flour Mills of Nigeria Lists N20bn Bonds On NSE, FMDQ

Flour Mills of Nigeria Plc has successfully registered a N70 billion bond issuance programme and issued N10,110,000,000 Series 1 and N10,000,000,000 Series 2 senior unsecured fixed rate bonds under the programme in a transaction that was strongly supported by the...
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Nigeria’s SystemSpecs, South Sudan Firm Sign Pact

Nigeria’s Fintech firm, SystemSpecs and Trinity Technologies of South Sudan have signed a Memorandum of Understanding (MoU) as part of Afreximbank’s focus on deepening intra-African trade at the ongoing Intra-African Trade Fair (IATF 2018) in Cairo, Egypt. According to the...
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ICT Sector Contributes N4.7trn To GDP In 9 Months

The Nigerian information and communications technology (ICT) sector has contributed a total of N4.7 trillion to Nigeria’s Gross Domestic Product (GDP) in the first, second and third quarters of the year. According to statistics released by the National Bureau of...
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Nigeria Fintech Paylater Gets Credit Rating Ahead CBN Regs

Fintech companies in Africa are increasingly playing in spaces dominated by traditional financial institutions. One Finance, parent company of Nigerian lending platform Paylater, has secured a credit rating. Global Credit Rating, a leading credit ratings agency in Africa assigned One...
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Facebook Backs Developer Circles Summit in Lagos

In continuation of its efforts to create a network of developers across the world as part of its mission to give people the power to build communities and bring the world closer together, Facebook’s Developer Circles on Saturday, December 8...
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ILGL, Quanta Seal Pact on Blockchain Investments

The International Lottery and Gaming Limited (ILGL), also known as Naija Lottery, has signed a pact with new investor, Quanta, to create a multi-million naira blockchain investment platform. Besides, the deal between ILGL and Quanta recently signed, the world’s first...
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Heirs Holdings Secures $600m Loan for Energy Investments

A credit facility worth $600 million has been obtained by a Nigeria-based pan-African proprietary investment holding company, Heirs Holdings Group. The loan deal, obtained from African Export-Import Bank (Afrexim), was sealed recently at the Afrexim Intra-Africa Trade Conference in Cairo,...
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