30 results
- 29 Mar 2022
CBN Bars Credit Guarantee Companies from Accepting Deposits
Central Bank of Nigeria (CBN) has barred Credit Guarantee Companies (CGCs) from accepting deposits among other things. The apex bank disclosed this Tuesday in its guidelines for regulation and…
- 9 Oct 2025
Fidelity Bank Set to Disburse NCGC N5bn Credit Guarantee Facility to Boost MSME Financing
Fidelity Bank Plc, tier one lender, has announced its readiness to begin the disbursement of funds under the National Credit Guarantee Company (NCGC) N5 billion Credit Intervention Scheme. The…
- 21 Jul 2021
Agusto, GCR Affirm InfraCredit’s ‘AAA’ Long Term Credit Ratings
Rating agencies, Agusto & Co and Global Credit Ratings (GCR) have re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited (InfraCredit), specialised infrastructure…
- 26 Aug 2022
Agusto, GCR Affirm ‘AAA’ Long Term Credit Rating of InfraCredit
For the fifth consecutive year, rating agencies, Agusto & Co (“Agusto”) and Global Credit Ratings (“GCR”) re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited…
- 1 Jan 2025
FG Plans New Firm Expand Credit Access to Nigerians
Federal government will establish a national credit guarantee company in May to lend to businesses and individuals, according to President Bola Tinubu. Bola Tinubu Tinubu in an speech on Wednesday,…
- 13 Apr 2019
AfDB Approves $15million Investment Package for InfraCredit Company in Nigeria
The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the…
- 18 May 2023
AfDB Approves $15m to Close Infrastructure Gap in Nigeria
The board of African Development Bank (AfDB) has approved a $15 million subordinated loan to Infrastructure Credit Guarantee Company Limited (InfraCredit) to strengthen its capital base and help…
- 24 Jun 2026
NCGC, SMEDAN Partner on MSME Financing Support
The National Credit Guarantee Company Limited (NCGC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a Memorandum of Understanding (MoU) aimed at supporting…
- 27 Nov 2020
InfraCredit to Raise Fresh Capital
The Infrastructure Credit Guarantee Company (InfraCredit) has revealed plan to raise additional capital to fund critical projects in Nigeria. The unit of the Nigeria Sovereign Investment Authority is…
- 3 Nov 2025
UK’S Mobilist Facilitates Secondary Sale of Listed Shares in InfraCredit
The UK’s Mobilist programme has successfully traded its investment in Nigerian credit guarantee company InfraCredit to five Nigerian pension funds, thereby helping to mobilise more local…
- 10 Aug 2021
CBN Releases Guidelines for Regulation and Supervision of CGCs in Nigeria
Central Bank of Nigeria (CBN) on Tuesday, released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. Mr. Godwin Emefiele, CBN governor The guidelines are…
- 6 Feb 2013
AfDB Supports Export-Oriented SMEs to Boost Local Job Creation in Nigeria
African Development Bank (AfDB) yesterday signed an agreement to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of respectively $500 million to Bank of Industry (BOI) and…
- 17 Dec 2019
Agusto and Co Announces Retirement of Vivien Shobo Its Chief Executive Officer
Agusto & Co, Nigeria’s foremost Credit Rating Agency, has announced the retirement of its Chief Executive Officer - Vivien Shobo, effective 31 December 2019. Vivien Shobo Following over two…
- 9 Jan 2017
NSIA in Credit Tie-up to Unlock Infrastructure Funding
Nigeria Sovereign Investment Authority (NSIA) is setting up a company in partnership with London-based local currency guarantee firm GuarantCo to enable pension funds to invest in Nigerian…
- 24 Apr 2026
Bank Customers to Pay N1,500 for ATM Card Issuance, Replacement - CBN
Central Bank of Nigeria (CBN) has said that the cost of issuing or replacing a standard debit or credit card will rise by 50 percent to about N1,500, up from about N1,000. The new charge is contained…
- 26 Jun 2026
Fidelity Bank Wins DBN Award for Expanding First-Time Credit Access to MSMEs
Fidelity Bank Plc has won the Development Bank of Nigeria (DBN) Service Ambassadors Award for recording the highest impact in expanding access to formal credit for first-time Micro, Small and Medium…
- 23 Jun 2021
USTDA, InfraCredit Partner on Infrastructure in Nigeria
InfraCredit, a specialised infrastructure credit guarantee institution has signed a Memorandum of Understanding (MoU) with the United States Trade and Development Agency to bring high-quality U.S.…
- 22 Feb 2016
Insurance Bodies urges Closer Cooperation to Boost Investments in Africa
Over 30 participants from 18 institutions that provide guarantees and insurance in Africa gathered in Abidjan, Côte d’Ivoire, for the Abidjan Union, the first pan-African meeting of export credit and…
- 13 May 2026
Olusi, BOI MD Harps on the Media as Nigeria’s Biggest Development Partner
Dr. Olasupo Olusi, the Managing Director/Chief Executive Officer of Bank of Industry, has described the media as Nigeria’s most important development partner, noting that effective communication…
- 6 Aug 2014
GE Plans $2Bn Investment in African Energy Infrastructure
General Electric (GE) has pledged to invest $2 billion in Africa by 2018 to boost infrastructure, worker skills and access to energy, an announcement timed to coincide with a U.S. summit meeting of…
- 17 Jan 2022
Periculum Launches in Nigeria, Set to Build Credit Assessment Infrastructure for Africa
The availability of domestic credit is a key requirement for consistent economic growth in developing countries. The vitality of financial services such as banking, savings, debt and equity…
- 21 Oct 2024
AfDB to Support Youth and Women-led MSMEs in Nigeria with $100m Loan
The African Development Bank has approved a $100 million loan to increase access to finance for youth and women-led small and medium enterprises, under the Nigeria Youth Entrepreneurship Investment…
- 3 Jan 2024
Bank Asks Court to Wind Up Oil Firm over N1.6Bn Debt
Nova Merchant Bank Limited, has urged the Federal High Court in Lagos to wind up Midwestern Oil and Gas Company Limited, for allegedly refusing to pay a N1.6 billion debt it owed. The bank made this…
- 27 Mar 2015
Coal to Power: AfDB Commits $200m to Nigeria’s ‘Dirty Fuel’
African Development Bank (AfDB) has put up $200 million as a partial risk guarantee for the Nigerian power sector and the federal government will use the funds for expansion of coal-fired power…
- 4 Oct 2022
Femi Falana, SAN: Your Client’s Publication on Zinox Chairman, a Cheap Blackmail
By E. Ezuka I have followed with interest the case of what appears to be an attempted blackmail by your client, Mr. Benjamin Joseph of Citadel Oracle Concepts Limited, an Ibadan-based ICT retail firm…
- 5 Jun 2025
AFC Proffers Action Plans for Nigeria, Africa to Unlock $4trn from Investors to Grow Economy
Nigeria and other African nations can tap up to $4 trillion in capital from institutional investors, an amount that could be used to fund the continent’s infrastructural gaps and engineer much-needed…
- 23 Oct 2022
Why Benjamin Joseph Resorted to Blackmailing Zinox Chairman, Business Partner Reveals
Princess Kama, erstwhile business partner of Benjamin Joseph, owner of Citadel Oracle Concepts Limited, an Ibadan-based ICT retail firm, has broken her silence over a long-drawn dispute involving a…
- 10 Nov 2023
UBA, Saudi EXIM Bank Partner to Enhance Business Relations and Export Growth
United Bank for Africa (UBA) Plc, Africa’s Global Bank, and Saudi Export-Import Bank (Saudi EXIM), a premier export credit agency in the Kingdom of Saudi Arabia, have announced a partnership aimed at…
- 15 Jun 2010
Have What it Takes to Practice Universal Banking.
The guideline went further to state the various other activities like market activities, such as underwriting/issuing house activities and insurance services. With particular respect to insurance…
- 7 Mar 2016
CBN to Stop Forex Sales to Banks not Issuing LCs
Any bank in Nigeria that deliberately refuses to issue Letters of Credit (LCs) to manufacturers would be denied access to the official foreign exchange window, according to a report by New Telegraph.…