Africa Finance Corporation (AFC), Africa's investment grade infrastructure solutions provider, has announced the close of general syndication of a minimum $150m dual currency Samurai Term Loan Facility with MUFG Bank and Sumitomo Mitsui Banking Corporation (SMBC), acting as Mandated Lead Arranger and Bookrunner.
Nigerian Telecommunications provider, Airtel, announced on Wednesday, 24 July 2019, the introduction of two new 4G Smartphones — the Airtel Diva and Airtel Top Notch. These devices come on the heels of Airtels commitment to accelerate mobile Internet uptake as well as enrich the data experience of telecoms consumers across the country.
Amsterdam and Nairobi-based health e-payments firm CarePay is expanding to Nigeria following a three-year run in Kenya that generated Sh700 million from four million members enrolled onto its Safaricom-backed M-Tiba platform.
The Pharmaceutical Society of Nigeria (PSN) has warned Nigerians of a hike in drug price which might take effect in a few weeks. This impending situation is as a result of the new 350 percent increase in levy imposed on drug and product registration in the country by the National Agency for Food and Drug Administration and Control (NAFDAC).
Nigeria is set to commission phase one of the Gezawa ultra-modern agricultural produce commodity exchange market in Kano, the first agro-commodity market in the country. The commodity market project consultant Mr. Bimfa Binchang, announced the reports and said that construction works is 80% complete and will soon pave way for phase two and three.
In a bid to improve production and exports of cash crops in Nigeria, the Bankers Committee has earmarked a credit facility of N200 billion. The disclosure was made by the Managing Directors of UBA Plc and GTBank Plc, Kennedy Uzoka and Segun Agbaje respectively, during a press conference after a meeting.
Adrian Wood-led Teleology Holdings Limited is pulling out of the 9mobile deal almost two months after getting approval for the transfer of ownership from the Central Bank of Nigeria (CBN) and the Nigerian communication commission (NCC).