FMDQ Securities Exchange Limited has admitted to its platform the Flour Mills of Nigeria Plc’s Series 3 N12.49bn Tranche A and N7.50bn Tranche B Fixed Rate Senior Unsecured Bonds under the N70bn bond issuance programme. The Exchange also admitted for listing on its platform the Chapel Hill Denham Nigeria Infrastructure

Dubai – BMCE Bank of Africa is targeting $200 million (Dh734 million) in trade finance and investment transactions through its new Dubai office in the first year of operations and aims to double each year over the next three years, said a senior official. “We are focusing on trade finance

The International Finance Corporation (IFC) has agreed a risk-sharing facility to help expand lending to female-owned businesses and small and medium enterprises (SMEs) in Nigeria. This US$25mn local-currency facility, signed with Union Bank, is part of the IFC’s small loan guarantee programme (SLGP), which facilitates local currency lending to small

The International Finance Corporation (IFC) has agreed to provide a US$40mn guarantee to Coronation Merchant Bank in Nigeria, as part of its Global Trade Finance Programme (GTFP). Under the terms of the deal, the IFC will offer confirming banks full or partial guarantees to cover Coronation Merchant’s trade-related payment obligations,

The Tanzanian government has signed a facility agreement with Standard Chartered for a US$1.46bn term loan to fund part of the construction of the country’s latest mega-project, the Standard Gauge Railway (SGR). The deal, which the country’s ministry of finance says is the largest foreign currency financing it has raised

Nigeria’s efforts to diversify its economy and reduce dependency on oil exports are being held back by long-standing difficulties in obtaining financing, according to a central bank official. Despite concerns Nigeria’s oil reserves will run out within decades, and against a backdrop of international pressure to cut carbon emissions and