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NDIC set to liquidate 42 Microfinance Banks

Online loan apps are gaining traction because of features such as customized repayment plans, minimal documentation, low-interest rates, and quick disbursal. Before now, one of the biggest challenges people faced was accessing quick loans.
You had to visit a bank, obtain relevant information, and provide collateral before getting a loan. This process was not only tedious but also out of the reach of many people.
With the emergence of online loan apps, anyone can apply for a loan from the comfort of their homes. You can also monitor the progress of your application easily.
Different loan apps in Nigeria today offer a quick, easy and completely electronic means to access funds. Much of these loans are short-term and the interest rates vary from app to app. ....

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African Export-Import Bank (via Public) / MUFG leads on ground-breaking $520 million COVID-19 response facility for Afreximbank

MUFG leads on ground-breaking $520 million COVID-19 response facility for Afreximbank
London, Cairo, 14 December 2020 - MUFG and African Export-Import Bank (Afreximbank) have closed a ground-breaking $520 million facility, the first to be covered by Nippon Export and Investment Insurance (NEXI). NEXI s proactive support for this facility was agreed on the basis of Afreximbank being a strategic partner, participation from Japanese investors, and the deal contributing to the UN s Sustainable Development Goals (SDGs).
MUFG was the sole Mandated Lead Arranger, Bookrunner, Agent and NEXI Coordinator on the transaction, with the documentation closing on 3 December 2020. The facility fully aligns with Afreximbank s strategic priorities in the area of intra and extra African trade and investment, export manufacturing, as well as industrialisation. These objectives find common ground with NEXI s objectives of supporting sustainable African growth and development in line with TICAD ....

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