9Mobile breathes again, gets $230 million loan from AFC
The Africa Finance Corporation has approved a $230 million loan for Nigerian telecom company 9mobile, the firm said on Sunday. The money will be used to honour existing debts, finance…
Incredible! Bank gives out $12bn ‘loan’ by mistake
Central African Republic (CAR)Â landed a windfall on Tuesday, at least on paper, when Russian state bank VTB reported it had lent the country 12 billion dollars. However, the bank…
Dangote signs $650m refinery loan with Afreximbank
Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would…
NLNG repays N1.9trn shareholders loan
The Nigerian National Petroleum Corporation (NNPC), has commended the Nigeria LNG Limited (NLNG) on its successful repayment of 5.45 billion dollars (N1.98 trillion) loan on Train 1 to 6 investments….
Don’t give loan to el-Rufai, Kaduna senators warn banks
The three senators representing Kaduna State in the National Assembly have advised local and foreign banks against granting loan to Kaduna State Government. The senators, Shehu Sani, Suleiman Hunkuyi and…
IMF resumes lending to Chad following Glencore debt deal
April 14, 2018 The International Monetary Fund said on Saturday it is disbursing loan to Chad after the country reached an agreement in principle to restructure its more than one…