08
DecAirtel Africa has announced the signing of a new $194m facility with International Finance Corporation (‘IFC’), a sister organisation of the World Bank and a member of the World Bank Group. The new financing facility is in line with Airtel’s Africa strategy to increase debt within its operating companies. The facility has a tenor of eight years […]
07
DecThe Debt Management Office (DMO) has notified the public of the successful conclusion of the Issuance of N100 Billion Sovereign Al ’Ijarah Sukuk. The Offer for N100 Billion opened on November 21, 2022 and was supported by wide public sensitization to encourage subscription from diverse investors, particularly the retail investors. The initial Offer size of N100 billion was upsized to N130[…]
07
DecThe Central Bank of Nigeria (CBN) has instructed Deposit Money Banks and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals and corporate entities do not exceed N100,000 and N500,000, respectively. This regulatory directives is to take effect nationwide from January 9, 2023. The CBN further fixed daily maximum withdrawals via point of[…]
