July 3, 2023/IOSCO The Board of the International Organization of Securities Commissions (IOSCO) has concluded its Review of Alternatives to USD Libor (Review), which assessed the extent to which four benchmarks developed as potential substitutes for USD LIBOR – two credit sensitive rates (CSRs) and two Term SOFR rates – […]
Updates
Considerable increase in FAAC payout in June
July 3, 2023/Coronation Research The latest gross monthly distribution for the Federation Account Allocation Committee (FAAC) to the three tiers of government and public agencies amounted to N786.2bn in June ’23 (from May revenue). This marks an increase of 19.8% or N130.3bn from the previous payout largely due to an […]
AfDB teams up with airplane manufacturers Airbus, ATR to boost African commercial aviation
The workshops featured discussion of bank financing instruments, including guarantee products, the bank’s approach to credit risk assessments and the outlook for Africa’s aircraft market June 30, 2023/AfDB The African Development Bank has held workshops with aircraft manufacturers Airbus and ATR to explore ways of strengthening access to finance for […]
