23 results
- 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…
- 18 Dec 2025
World Bank to Approve $500m Loan for Nigeria Today
The World Bank is set to approve a $500m loan to Nigeria on Friday (today) as part of efforts to expand access to finance for micro, small and medium enterprises across the country, according to…
- 9 Nov 2025
FG Seeks Fresh $500m World Bank Loan for MSMEs
Federal government is seeking a fresh $500m loan from the World Bank to expand access to finance for micro, small, and medium enterprises (MSMEs) across the country. The proposed facility, titled…
- 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…
- 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…
- 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…
- 1 May 2025
DBN to Invest $2.5m in Proposed Youth Entrepreneurship Investment Bank
The Development Bank of Nigeria (DBN) has received shareholders’ approval to invest $2.5 million or 25% equity stake in the proposed Youth Entrepreneurship Investment Bank (YIB) — a new investment…
- 16 Aug 2019
London Stock Exchange Names Social Lender among Companies to Inspire Africa
The London Stock Exchange has named Social Lender, a fintech firm that bridges the gap of immediate fund access for people with limited access to formal credit and a globally recognised financial…
- 3 Feb 2021
Restorium Capital Unveils Products to Bridge Funding Gap
Restorium Capital Limited has introduced three products and services expected to bridge funding gaps in the financial market, make businesses more competitive and ensure job creation in the country.…
- 20 Mar 2026
UBA UK, BII Sign Letter of Intent to Slash Africa’s $80Bn Trade Finance Gap
United Bank for Africa (UK) Limited (“UBA UK”) and British International Investment plc (“BII”), the UK’s development finance institution and impact investor, today announced that they have signed a…
- 30 Jun 2020
Some of the Tools for the Job in Hand
BY Gregory Kronsten The principal losers from COVID-19, as with other global viruses and all national disasters, are the poorest members of society. They have fewer, if any savings. They generally…
- 27 Jul 2018
BoI Gives Promasidor N5.6bn Loan for Expansion
Promasidor Nigeria, has secured a N5.6 billion credit from the Bank of Industry (BoI) to support its aggressive expansion programmes. Mr. Per Kristensen, PNL Finance Director, said that the facility…
- 22 Apr 2025
FCMB Capital Markets Leads ₦11.85bn GLNG Bond for LNG Plant Expansion
FCMB Capital Markets Ltd. successfully led the issuance of GLNG Funding SPV Plc's ₦11.85 billion 10-Year Series 2 Senior Guaranteed Fixed Rate Infrastructure Bond, which closed in February. This…
- 9 Apr 2014
ECA Put Looted Funds from Africa @ $1 Trillion
Carlos Lopez , executive secretary, UN Economic Commission for Africa, said on Wednesday in Addis Ababa that over one trillion dollars was illegally siphoned out of Africa in…
- 14 Apr 2015
Heritage Bank CEO Seeks Implementation of SME Blueprint to Tackle Unemployment
Mr. Ifie Sekibo, Managing Director of Heritage Bank, has called on the government to ensure seamless implementation of the blueprint developed by the vision 2020 National Technical Working Group on…
- 27 Feb 2020
NIRSAL Taps Microsoft Azure to Boost Productivity
Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) Plc has entered into a Memorandum of Understanding (MoU) with Microsoft to collaborate in the deployment of the Microsoft…
- 26 Jul 2019
Social Lender Makes Regional Finalist forMIT Inclusive Innovation Challenge
Social Lender, a lending solution based on social reputation on mobile, online and social media platforms and major players in Nigerian Fintech ecosystem, has been selected as a regional finalist for…
- 12 Sept 2018
CBN Sanction: A Dis-Incentive To Capital Investment
By Cheku Alkali A fundamental objective of financial regulation is the safety and soundness of financial institutions, and the ability of regulators to mitigate systemic risk through effective…
- 3 Apr 2024
ECOCERT Renews WACOT's Certification to Export Organic Sesame
In a significant boost for the global organic food market, WACOT Limited, a TGI Group company, has once again secured its prestigious certification from ECOCERT to export organic sesame. This renewal…
- 7 Jun 2026
BOI Wins Dual Honours @ EMEA Finance Awards for Sustainability and Social Impact Leadership
The Bank of Industry (BOI) has been recognised with two prestigious awards at the recently concluded EMEA Finance Achievement Awards, reinforcing its position as a leading development finance…
- 21 Sept 2010
Ekeh, Zinox Boss Calls Empowerment of a Golden Jubilee Generation
Leo Stan Ekeh, chairman of Zinox Technologies Limited, manufacturers of Nigeria’s first internationally certified branded computers, has commended President Goodluck Jonathan and the federal…
- 1 May 2020
Covid-19: Opportunity for Govt Payment Digitization and Financial Inclusion in Africa
By Emmanuel Okoegwale Since the beginning of 2020, the World had been gripped by the unprecedented COVID-19 pandemic crisis affecting millions of people across all the continents including Africa…
- 19 Nov 2012
MobilottoAfrica Brings Sanity to Promos, Lotteries
MobilottoAfrica, through its technology partner, Humber Technologie, has developed a unique and proprietary SMS and USSD based lottery gaming that promises to transform lives of ordinary Nigerians…