Indications have emerged that Deposit Money Banks have increased their appetite for lending to the private sector. The banks have led the way in Africa’s syndicated loan market so far this year, with more than $10bn of deals signed in the market. For instance, MTN Nigeria last week agreed to […]
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Naira falls on investors’ oil concerns
The naira reached the lowest level in more than a month as investors slowed purchases of Nigerian bonds after oil prices weakened and output missed a forecast. The currency depreciated 0.3 per cent to N159.35 per dollar in Lagos, the lowest on an intra-day basis since March 18. The naira […]
UBA, Other Banks Syndicate $3billion Medium Term Facilities for MTN
Press Release United Bank for Africa (UBA Plc), One of Africa’s leading financial institutions, along with a consortium of local and international banks, Tuesday signed a $3 billion (N470b) loan agreement with MTN Nigeria, towards expanding its network infrastructure in Nigeria. Executive Director, Corporate Bank, UBA Plc, Mr. Emeke Iweriebor […]
