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The $63 million raise is expected to give the lender the boost it needs to meet the central bank’s new capital requirement for regional banks.
Nigeria’s $21.6 billion external borrowing plan aims to address infrastructure gaps and pension arrears amid fiscal strain.
Nigeria’s Islamic debt instrument, known as the Sukuk bond, has attracted over N2.2 trillion as investors jumped on the 19.7% interest offer, the country’s debt office said on Wednesday.
With public debt at a record high of $88 billion, growth stalling and debt servicing swallowing nearly a third of government revenue, Kenya is currently walking on a fiscal tightrope.
The latest stalemate between the copper producer and its regional lenders threatens to prolong the country’s economic uncertainty and cast a shadow on its path to debt sustainability.
Nigeria’s state-owned mortgage lender has approved $45.22 million in housing loans so far in 2024, an 80% jump from the previous year.
Even as most lenders remain well-capitalised and liquid, the outlook for the rest of the year will depend on how effectively they adapt to ongoing shifts in fiscal policy and global economic conditions.
By boosting liquidity management for Islamic banks, the CBN’s latest move marks a major step toward mainstreaming non-interest finance in Nigeria’s financial system.
With its latest $100 million capital injection to EBID, Nigeria is quietly leveraging West Africa’s funding vehicle
The modest price gain signals cautious optimism among investors toward a bond that has been under continuous pressure for nearly a month.
In a bold reform push to stabilize Nigeria’s financial landscape, the Federal Government has inaugurated a new 10-member board for AMCON
The apex bank’s latest decision reflects cautious optimism about the country’s economic trajectory as food supply picks up easing inflationary pressures.
The government’s $2.8 billion guarantee to Transnet targets debt relief and urgent infrastructure repair
Investec Ltd. has announced a $139.2 million share repurchase set to begin in May 2025 on the Johannesburg Stock Exchange.
Dangote’s new polypropylene plant, backed by a global export deal with Vinmar, signals Nigeria’s shift toward value-added exports.
Ethiopia and the Netherlands are investing $50 million to improve agricultural exports through dry port and cold storage facilities.
In addition to simplifying forex pricing structures for bank customers, the new rules offer greater flexibility for international travellers and businesses through higher cash limits and relaxed import payment rules.
A Nigerian court has barred a privacy lawyers’ group from joining a lawsuit over control of the BVN, a national biometric ID system linked to bank accounts, raising concerns about data governance and civil society exclusion.
Following the AGOA ban, Uganda leaned on targeted market surveys, better trade representation, and local reforms to break into new markets across Asia and Europe.
New data from the finance ministry shows that Kenya’s total debt stock rose to a record $88 billion in the 12 months leading to March 2025 driven by increased domestic borrowing.
