mainstream Energy Solutions Limited has signed a $170m medium-term syndicated acquisition facility to part-finance the concession of the Jebba Power Station and Kainji Power Station, both of which are owned by Kainji Hydro Electric Plc. The syndication, which was carried out on Friday, was fully underwritten by GTBank, which also […]
Author: InvestAdvocate
CBN guarantees N25bn agric loans through NIRSAL
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, introduced July last year, has guaranteed N25bn of agricultural loans, latest data from the Central Bank of Nigeria has shown. This has effectively lifted lending to the sector to four per cent of banks’ total loans, from the average of 1.5 […]
MoneyGram partners Etranzact to boost cash-less initiative
MoneyGram International has announced its partnership with Etranzact to enable PocketMoni Customers in Nigeria to receive MoneyGram Money transfers from all over the world. PocketMoni is an independent mobile wallet solution offered by Etranzact, with more than 3,000 agent locations across the country providing cash-in, cash-out service to customers. A […]
