First City Monument Bank Limited has announced the signing of a $150m senior unsecured term loan facility with Commerzbank Aktiengesellschaft and Standard Chartered Bank acting as initial mandated lead arrangers and book-runners. A statement by the bank on Wednesday stated that the agreement represented its largest fundraising to date in […]
Tag: Loan
Dangote’s Nigeria oil refinery loan has 7-year tenor – source
A $3.3 billion syndicated loan Nigeria’s Dangote Industries clinched this week to build a 400,000-barrel per day oil refinery and petrochemical plant has a 7-year tenor or maturity, a banking source involved in the deal said. Dangote Industries will have to start repayments after three years, the source said. The […]
CBN Earmarks 60% of N220 billion SME Fund To Women
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Friday announced the allocation of 60 percent (60%) N132.00 Billion of N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF) to women in Nigeria. This is contained in the released guidelines for the operation of MSMEDF for Nigeria […]
