30 results
- 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…
- 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,…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 8 Dec 2014
Experts Seek Policy to Address Telcos Forex Demand
The federal government has been urged to come up with a national strategic policy aimed at addressing the huge demand for foreign exchange by telecommunications operators to fund the…
- 29 Jun 2016
Financing Options For Nigeria’s Ailing Textile Industry
Regardless of the much touted “infrastructure deficit” of the Nigerian market, there have been unprecedented flow of investments from multinational manufacturing corporations into various sectors of…
- 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…
- 16 Jun 2021
SEC Grants NG Clearing Approval to Operate
The Securities and Exchange Commission (SEC) has granted NG Clearing Limited (NG Clearing) registration to perform the function of a central counterparty (CCP) with effect from June 7, 2021. This…
- 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…
- 15 Jun 2021
NG Clearing Limited Becomes Nigeria’s Premier Central Counterparty
Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) has granted NG Clearing Limited (NG Clearing) registration to perform the function of a central counterparty…
- 13 Oct 2015
GTB Partners AFD for Long Term Financing of SMEs in Nigeria
Guaranty Trust Bank plc, foremost African financial institution, has partnered with Agence Française de Développement (AFD) to launch the N3 Billion Ariz Portfolio Guarantee Scheme, an initiative…
- 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.…
- 10 Feb 2014
FG Plans to Build 2 Power Transmission Stations in Ebonyi
Mr. Geoffrey Nwokoye, general manager (Transmission), Enugu Transmission Region, said the Federal Government would build two transmission stations in Abakaliki to enhance power delivery in the area.…
- 14 May 2013
AfDB Says Infrastructure Project Bonds Require Improved Regulations
African countries need to improve their regulatory frameworks in order to ensure the successful launch of African infrastructure project bonds, said a new report launched by the African Development…
- 12 Oct 2023
Again, DBN Emerges Highest-Ranked Public Institution in the 2023 Transparency and Integrity Index
Development Bank of Nigeria (DBN) has again emerged as the highest-ranked public institution in Nigeria in the 2023 Transparency and Integrity Index (TII) recently released by the Center for Fiscal…
- 1 Nov 2019
What does Brexit Mean for the Nigerian Economy
By Lukman Otunuga, Senior Research Analyst at FXTM After more than 1200 days after Britain voted to leave the European Union, the country still remains in the trading bloc, pondering exactly how to…
- 19 Jul 2020
Women to Get 60 Per Cent of CBN’s N220Bn MSMEs Fund
Federal government has announced plans to roll out a N2.3 trillion stimulus package and survival fund for Micro Small and Medium Enterprises (MSMEs) to stay afloat amid the economic challenges…
- 7 Jan 2021
Angst as FG Goes After N895Bn Unclaimed Dividends, Dormant Accounts’ Balances
The federal government has perfected ways to borrow funds from unclaimed dividends and dormant bank account balances unattended to for at least six years, thanks to the 2020 Finance Act, despite…
- 25 May 2009
CNP Pumps 750,000 PCs into Nigeria Market
ACER, HP, Toshiba and Zinox, leading international Original Equipment Manufactures (OEMs) in Nigeria have come out strong under the Computerize Nigeria Project to inject 750,000 laptops into the…
- 23 Apr 2025
DMO Opens N350bn Bond Auction: Get Your Slice of the Pie
Debt Management Office (DMO) has announced the reopening of two Federal Government of Nigeria (FGN) bonds for public auction, with a total value of N350 billion, offering units at a subscription…
- 10 Aug 2020
FG Releases New Details on N200Bn MSMEs Support Scheme
Federal government has released new details on the Micro Small and Medium Enterprises (MSMEs) support scheme being rolled out under the National Economic Sustainability Programme. According to…
- 4 Dec 2014
Glo Offers Subscribers Airtime Overload, Allawee Promos
Globacom has unveiled two mega promos, Glo Overload and Glo Allawee as a way of rewarding its subscribers. Glo Overload automatically credits subscribers with 200 percent airtime and data bonus and…