ALN Nigeria | Aluko & Oyebode’s Post

The Bank of Industry (BOI) has secured a groundbreaking €1.425 billion through the senior phase of its global loan syndication, significantly enhancing its capacity to provide funding for Nigerian businesses. The deal, which saw a 42.5% oversubscription from international financial markets, is the largest in the bank's history and solidifies its role as a major financier in Nigeria’s industrial and private sectors. This loan syndication reflects strong confidence from foreign investors in both BOI and Nigeria’s economic future. A syndicated loan involves multiple lenders working together when a project requires more financing than one lender can provide or needs specialized expertise. In this transaction, over 30 financial institutions, including Development Finance Institutions (DFIs), Export Credit Agencies (ECAs), and multilateral institutions from Europe, the Middle East, Far East, and Africa, participated. Key players include Global Coordinators Africa Finance Corporation and Standard Chartered Bank, with Africa Export-Import Bank serving as the Facility Agent, along with several other leading financial institutions from across Africa, Europe, and the Middle East. Source: Business Day 2024  #BOI #NigeriaBusiness #BusinessFunding #LoanSyndication #EconomicGrowth #InvestmentOpportunities #NigeriaEconomy #IndustrialDevelopment #GlobalFinance #AfricanFinance #Entrepreneurship #BusinessBoost #FinanceForGrowth #BusinessSupport #GlobalInvestors #DFI #ExportCredit #AfricaEconomy #NigerianIndustry #BusinessExpansion

🌐 Transitioning to ZARONIA: A Strategic Shift for South Africa’s Financial Landscape 🌐 As the financial sector in South Africa prepares for the transition from JIBAR to ZARONIA, collaboration and early preparation are key. Engaging with regulators, refining internal processes, and conducting a detailed review of exposures and contracts will help mitigate risks and ensure a smooth transition. In an interview with the South African Reserve Bank(SARB), Kam Hessling, Senior Director at the LMA, emphasised the importance of proactive preparation, especially when negotiating new and refinanced loan documentation, as well as repapering of legacy loan agreements. The LMA continues to proactively support the market by providing the tools for transition, building on the lessons learned from LIBOR transition.   Today the LMA has taken a further step to assist the market by providing RFR terms which can be used alongside the SA replacement of screen rate language to provide greater certainty of terms. This can be used where parties are not quite ready to use the rate switch agreement in new documentation and provides a “switch light” approach.   We look forward to our continued engagement with the SARB, MPG and wider market to work towards a successful transition.      The end of 2026 is not far away. Are you ready for the shift? Watch the interview: https://lnkd.in/eNP7wN9S Read more: https://lnkd.in/eMr5-_PM #LMA #Transition #SouthAfrica

📊🚀Explore the exciting news and opportunities driving our financial market this week! CEMAC: Gabon mobilizes 575 billion Fcfa in the first half of the year.   UEMOA: DIOMAYE FAYE assesses the financial rating system for Africa. Investment opportunities💸: This week, the main opportunities on the money market concern #Congo, #Gabon, and #Chad, which will be issuing BTAs and OTAs. Dear investors, discover the full news and details of the various opportunities in our 📊 weekly review. Building wealth, together! #Cemac #WeeklyReview #FinancialMarkets #Investment #News #Opportunities #Cameroon #Invest #Wealth #Finance #Africa #Stockmarket #MarketTrends #EconomicPerspectives

📊🚀Explore the news and opportunities that will be driving our financial market this week! CEMAC: Cameroon to repay more than CFAF 700 billion in loans by 2023 UEMOA: BENIN, 500 BILLION FCFA EARMARKED FOR DEBT SERVICING AT THE END OF JUNE 2024 Investment opportunities💸: This week, the main opportunities on the money market concern #CHAD and #CAMEROON, which are going to issue BTAs and OTAs. Dear investors, find out all about this news and the details of the various opportunities in our 📊 weekly review.   Building wealth, together ! #Cemac #WeeklyReview #FinancialMarkets #Investment #News #Opportunities #Cameroon #Invest #Richesse #Finance #Africa #Stockmarket #MarketTrends #EconomicPerspectives

Here's a quick rundown of top companies in Nigeria currently offering shares: Access Bank GTCO UBA Zenith Bank MTN Total Energies Fidson Healthcare Dangote Lafarge Africa Fidelity Bank Ready to start investing? Download the Trove App today and take your first step into the stock market. #StockMarket #Investing #Shares #StockMarketNews #Trading #Finance

ALN Nigeria | Aluko & Oyebode is pleased to have acted as sole Nigerian legal counsel in connection with the successful issuance of US$500 Million 5.55 percent Rule144A/Regulation S Notes due 2029 (the “Bond Issuance”) by Africa Finance Corporation (the “Corporation”) for which the Firm represented the “Joint Lead Managers” (Citigroup Global Markets Limited, First Abu Dhabi Bank (FAB) PJSC, Goldman Sachs International, Merrill Lynch International, MUFG Securities EMEA Plc, RMB - Rand Merchant Bank and SMBC Nikko Capital Markets Limited). The Bond Issuance, which is the Corporation’s first issuance after a three-year hiatus from the Eurobond market, was issued under the Corporation’s US$5 Billion Global Medium-Term Note Programme. The Notes will be admitted to trading on Euronext Dublin and the Main Market of the London Stock Exchange. The Bond Issuance was oversubscribed by a pool of investors from across Europe; North America; the Middle East; and Asia. The Corporation will utilise the proceeds of the Bond Issuance to drive rapid industrialisation and accelerate development impact across Africa and continue investing in critical infrastructure that delivers on the Corporation’s long-term vision to drive social, economic, and sustainable change across Africa. The Firm’s transaction team was led by Senior Partner, Olubunmi Fayokun and Partner, Ajibola Asolo, with support from Senior Associates, Bukola Akinsulere and Oluwatobi Oluwasanya, and Associate, Jessica Anusionwu. #AlukoandOyebode #AfricaFinanceCorporation #BondIssuance #EurobondMarket #CapitalMarkets #InfrastructureInvestment #SustainableDevelopment #DevelopmentImpact #US500MillionBonds #oneALN

Olaniwun Ajayi LP is pleased to have acted as Legal Adviser on the establishment of the groundbreaking USD 2 billion domestic bond issuance programme by the Federal Government of Nigeria (FGN) through the DEBT MANAGEMENT OFFICE, NIGERIA, and the issuance of the USD 500 million Series 1 Bonds under the Programme. This first-of-its-kind transaction is another feather in our cap of pioneering deals, marking a significant step in FGN's efforts to enhance liquidity in Nigeria's foreign exchange market and secure the necessary foreign exchange to invest in critical sectors of the economy. As a firm, we are indeed delighted to have been at the heart of the conception, structuring, and execution of this without-precedent transaction. _____________________________________________ #DomesticBonds #ForeignExchange #CapitalMarkets #LandmarkTransactions #CommercialLawFirm #FederalGovernment #FinanceLawyers

Sept. 9, 2024 - In a new report published today, Moody's Ratings expects global #sukuk issuance this year to reach between $200 billion and $210 billion, beating 2023’s total of just under $200 billion. This activity is supported by strong sovereign issuance across the Gulf Cooperation Council (GCC) and #SoutheastAsia, and from #SaudiArabia and #Malaysia in particular. Frontier Africa Reports Mwango Capital Moody's Corporation GBS Africa Governments and Business Services Africa Agnes Gitau african | markets Dr. Olumide Abimbola DEBT MANAGEMENT OFFICE, NIGERIA FEDERAL MINISTRY OF FINANCE, BUDGET & NATIONAL PLANNING NIGERIA

I’m thrilled about Afreximbank’s expanding role in Guyana and the Caribbean, mirroring successful ventures like their collaboration with Sterling Bank in Nigeria. This partnership provided crucial supply chain finance solutions, empowering businesses with needed capital in major currencies, facilitated locally by Sterling Bank. Envision this: a small Guyanese business, previously hamstrung by capital constraints, suddenly empowered to purchase raw materials and fulfill large orders, thanks to Afreximbank’s financing mechanisms. 🌍💡 The potential for similar collaborations in Guyana is immense. The question remains, which local bank will step up to facilitate this transformative opportunity? Access to reliable working capital can turbocharge SME growth, particularly in an economy bustling with foreign investment. As a committed member of the Essequibo-Islands West Demerara Chamber of Commerce and Industry “R3CCI”, I am advocating for such partnerships. Through EICCIO Advisors, I’m dedicated to helping businesses streamline their systems to become finance-ready. 🚀📈 Interested in exploring the opportunities that Guyana has to offer? Let’s connect and expand our networks. 🤝 #Afreximbank #SupplyChainFinance #EconomicDevelopment #IAmTheon a member of #LBFAlumni and #SkyHighTower

GARIA and @Chartered Institute of Bankers, Ghana (CIB Ghana) are pleased to announce the signing of a Memorandum of Understanding (MOU), marking a significant milestone in their collaboration to enhance the financial landscape and professional development within the banking and insolvency sectors. This strategic partnership aims to foster knowledge exchange, professional development, and best practices sharing between CIB Ghana and GARIA. By leveraging each other’s expertise and resources, both organisations are committed to promoting excellence in banking and insolvency practices, thereby strengthening the overall financial ecosystem. This partnership brings together the expertise and resources of GARIA and CIB Ghana with specialised knowledge and experience of top insolvency financial advisors and chartered bankers, creating a formidable team dedicated to helping individuals and businesses navigate through challenging financial situations. Under the terms of the MOU, both GARIA and CIB Ghana will collaborate on various initiatives including, joint research projects, training and development programmes, policy advocacy and networking events. The signing of this MOU between GARIA and CIB Ghana signifies a new chapter of cooperation and synergy poised to make a positive impact on both the financial and insolvency industry. GARIA and CIB Ghana invite stakeholders and partners to join them in realising their vision for a brighter future. #GARIACIB #bankingindustry #PromoteCorporation #Excellence #leadership