February 25, 2021
  • February 25, 2021

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Nigeria’s Bank of Industry raises $1 billion 3-year loan to support businesses

by on January 2, 2021 0
Nigeria’s Bank of Industry (BoI) has concluded a $1 billion three-year syndicated loan to support businesses and revitalize the industrial sector in the country. “The deal demonstrates the capacity of financial institutions to continue their vital activities during the pandemic and their positive attitude to African risks,” Afreximbank, which served as facility agent and... Read More

Nigeria’s GTbank to restructure to financial holding company

by on November 4, 2020 0
By Samuel Bankole Nigeria’s Guaranty Trust Bank (GTB) said it has received approval in principle from the Central Bank of Nigeria (CBN) to reorganise into a financial holding company, the top lender said on Wednesday. The bank said the reorganisation will be implemented by means of a scheme of arrangement between the bank and... Read More