January 2019

Afreximbank Signs Facility to Boost Intra-African Investment

The African Export-Import Bank (Afreximbank) has signed a facility agreement lending 170 million dollars to an Egypt-based conglomerate, Orascom Investment Holding (OIH), to assist the company expand its pan-African activities. Prof. Benedict Oramah, Afreximbank’s President, in a statement signed by...
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CBN Unveils New Policy to Capture the Unbanked

The Central Bank of Nigeria on Thursday unveiled the National Financial Inclusion Strategy designed to ensure that at least 80 per cent of Nigerians have access to banking and other financial services. The CBN Deputy Governor on Financial System Stability,...
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New Core Investor Acquires Largest Stake in NEM

Advanced Finance and Investment Group (AFIG) Funds has acquired 29.29 per cent largest equity stake in NEM Insurance Plc. AFIG Funds, an African private equity fund manager, acquired the shares from existing shareholders of the insurance company. Group Managing Director,...
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Access Bank to Sell N150bn Green Bonds by 2021

Access Bank Plc has revealed plans to sell green bonds totalling N150bn by 2021. The lender said it was looking to raise $41m in the first quarter this year. Access Bank, which could create Africa’s largest retail lender by customers...
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Federal Government Eyes N2 Trillion From Livestock

The Federal Government yesterday said its National Livestock Transformation Plan (NLTP) is eyeing N2 trillion into the livestock sector. It also said the plan will check the clashes between farmers and herders in the country. It took the decision following...
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