facility

Again, Governors Meet Over Bail Out Facility, Others

November 21, 2019 2:46 am

Governors under the platform of Nigeria Governors Forum (NGF) met in Abuja, yesterday, to review the deductions being made by the Federal Government over budget support facility to the states.

This followed their rejection of the revised N162 million monthly repayment the affected states have been made to cough out.

Following last month’s meetings of the NGF and the National Economic Council (NEC), Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, had said the governors kicked against the monthly deduction saying it was too high.

She said there was need to engage the states with a view to …

Afreximbank approves $1b for African trade

Afreximbank to support Eswatini with $140m credit facility

June 6, 2019 7:36 am

The African Export-Import Bank (Afreximbank), says it will provide a credit facility valued at two billion Rands (about 140 million dollars) to the Kingdom of Eswatini for trade and economic goals.

Prof. Benedict Oramah, Afreximbank’s President, in a statement said the facility would enable the Kingdom achieve required funding to meet trade and strategic economic goals.

Oramah made the announcement when he led a delegation of the bank to visit King Mswati III of the Kingdom of Eswatini in Mbabane.

He said that the facility would also enable the Kingdom to leverage its future financial flows as a tool for …

Official: MTN signs 7-year ₦200bn medium term facility

May 17, 2019 9:32 am

Leading Information and Communications Technology (ICT) company in Nigeria, MTN Nigeria Plc, has announced the signing of a seven-year N200 billion medium term facility.

Chief Executive Officer of the company, Mr Ferdi Moolman, announced this after signing the agreement at the law offices of Aluko & Oyebode in Lagos on Friday.

He said that the signing was with a consortium of seven local banks, with Citibank acting as co-ordinator and Quantum Zenith, as facility agent.

Moolman said the facility would enable MTN to fund its evolving business opportunities while assisting with capital expenditure and working capital, to deliver enhanced customer …