business
BNY Mellon and Standard Bank Introduce Naira-Denominated Investment Notes for Global Investors

BNY Mellon and Standard Bank Launch Naira-Denominated Global Notes to Boost Foreign Investment in Nigeria
In a landmark move for Nigeria’s financial ecosystem, BNY Mellon, in partnership with Standard Bank Group, has introduced Global Depositary Notes (GDNs) backed by the country’s sovereign naira-denominated debt. The initiative, confirmed by the Central Bank of Nigeria (CBN), is designed to expand global investor access to Nigeria’s high-yield local debt instruments.
This development marks a significant stride toward integrating Nigeria’s domestic debt market with global financial systems. The newly launched GDNs will be settled through international clearing systems such as Euroclear and Clearstream, enabling smoother participation by foreign institutional investors in Nigeria’s bond and Treasury bill markets.
By combining Standard Bank’s deep regional expertise with BNY Mellon’s global investment platform, the GDN program aims to present naira-denominated sovereign debt as a viable and globally tradable asset class. Issued under Regulation S and Rule 144A, the GDNs meet key international regulatory standards, thereby appealing to a broad base of institutional investors.
Nigeria’s sovereign debt remains one of the most attractive among emerging markets. Recent yields include 18.5% on 182-day Treasury bills and 19.33% on the benchmark 2033 bond—offering compelling opportunities for yield-driven investors seeking exposure to African markets.
Chris Kearns, Global Head of Depositary Receipts at BNY Mellon, stated that the launch of the GDN platform is a “strategic advancement that unlocks Africa’s investment potential and supports capital market development across the continent.”
Echoing this, Sola Adegbesan of Standard Bank described the GDNs as a simplified, transparent route for international investors to access Nigeria’s sovereign debt, overcoming longstanding barriers such as regulatory complexities and limited market infrastructure.
The GDN program arrives at a crucial time as Nigeria aims to attract foreign capital, increase market liquidity, and support broader economic reforms. It also underscores the CBN’s commitment to making the local debt market more accessible and investor-friendly.
By facilitating global trade of naira-backed instruments through trusted platforms, the GDN launch is expected to boost foreign portfolio inflows, build investor confidence, and enhance Nigeria’s profile in the international capital markets.
business
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business
We are Hiring: Social Media Growth Ambassadors (2 Positions)

Remote | Part-Time or Flexible Hours
Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!
Role Overview:
We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.
Key Responsibilities:
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Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X
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Share daily job updates, business news, and smart money tips from the website
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Drive website traffic using content, trends, reels, and referral links
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Respond to DMs/comments and convert viewers into website visitors
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Provide weekly reports on reach, impressions, and traffic performance
What You’ll Need:
-
A strong presence on social media (min. 2,500 followers on at least one platform)
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Great communication skills and social media creativity
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Consistency and accountability
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Passion for helping people grow their careers or income
What You’ll Get:
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Monthly stipend + performance-based bonus
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Opportunity to grow your personal brand with us
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Free digital training + content materials
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Certificate of Digital Advocacy (upon successful campaign)
How to Apply:
Send us a message with:
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Your full name
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Link to your active social media profiles
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Short message on why you are the perfect fit
-
Screenshot of your past engaging post (if available)
Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025
business
NEXIM Bank and SMEDAN Partner to Strengthen SME Export Capacity Nationwide

NEXIM Bank and SMEDAN Sign Landmark MoU to Boost SME Export Growth in Nigeria
In a bold move to strengthen Nigeria’s small business ecosystem, the Nigerian Export-Import Bank (NEXIM) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a groundbreaking Memorandum of Understanding (MoU) aimed at accelerating the growth and global competitiveness of Small and Medium Enterprises (SMEs) across the country.
A Strategic Partnership for Economic Transformation
This MoU formalizes a strategic alliance between NEXIM and SMEDAN, focusing on:
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Export financing and access to global markets
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Tailored financial products for SMEs
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Capacity-building and training programs
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Promotion of Made-in-Nigeria products internationally
The collaboration is expected to streamline trade facilitation and offer Nigerian SMEs the tools and support needed to thrive in international value chains.
Empowering SMEs for Global Competitiveness
Speaking at the signing ceremony, Abba Bello, Managing Director/CEO of NEXIM Bank, emphasized the significance of this partnership in preparing Nigerian SMEs to compete globally, particularly under the African Continental Free Trade Agreement (AfCFTA).
“This collaboration with SMEDAN is a critical step in our mission to empower Nigerian SMEs. By combining our financial instruments with SMEDAN’s development expertise, we are creating a robust support framework that enables small businesses to scale and succeed in export markets,” Bello said.
Removing Barriers and Unlocking Opportunities
On his part, Charles Odii, Director-General of SMEDAN, noted that the agreement will help eliminate major hurdles that have long hindered SMEs from tapping into international markets.
“Our goal is to ensure Nigerian SMEs have not just the skills but also the financial backing to grow. This MoU with NEXIM Bank paves the way for real participation in global trade,” Odii remarked.
He also outlined key focus areas of the collaboration:
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Providing export-oriented financing solutions
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Offering expert training and advisory services
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Simplifying export processes for MSMEs
🇳🇬 Aligning with Nigeria’s Economic Diversification Agenda
This partnership supports the federal government’s broader vision of economic diversification and inclusive growth, particularly through public-private partnerships that empower micro, small, and medium-sized enterprises (MSMEs).
About the Agencies
NEXIM Bank, established under Act 38 of 1991, is Nigeria’s official Export Credit Agency, providing financing, risk management, and advisory services to support the development of non-oil exports.
SMEDAN, created by the SMIDA Act of 2003, is the federal government’s leading institution tasked with fostering the growth, sustainability, and global competitiveness of MSMEs across Nigeria.
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