Stanbic IBTC issues N19.9bn to bridge Nigeria’s infrastructure funding gap
Cynthia Ezekwe
December 12, 2022
By Cynthia Ezekwe Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings, has announced the issuance of a N19.997 billion series III offer under its Stanbic IBTC Infrastructure Fund N100 billion programme. A statement by the financial institution said the fund is targeted at bridging the funding gap in Nigeria’s infrastructure sector through investing […]
How technology can address SMEs’ financing challenge
CHUKS OLUIGBOJune 25, 2022
BY CHUKS OLUIGBO The challenge of access to finance holding down Small and Medium-scale Enterprises (SMEs) in Nigeria from optimally performing their role as critical drivers of growth, productivity, and competitiveness of the economy can be addressed by leveraging emerging trends such as technology to provide innovative solutions. In addition, small-cap and growth-oriented companies can […]
Fidelity Bank Plc receives a $20m partnership from TLG Capital for the development of SMEs in Nigeria
Charles AbuedeMarch 31, 2021
Charles Abuede Following its investment exits from Nigeria’s microloans service provider and Rwanda’s BAJ fuel stations in the year 2020 and Atlas Mara in 2021, TLG Capital, an investment holding company focused on private equity and debt opportunities in Sub-Saharan Africa has announced a $20 million investment into Fidelity Bank Plc for the development […]
Nigeria MPC’s pro-growth agenda in Covid-19 era
Moses ObajemuJune 3, 2020
By Moses Obajemu After 14 months of retaining the monetary policy rate (MPR) at 13.5 per cent, the Monetary Policy Committee last week reduced the MPR to 12.5 percent in what is a dovish move aimed at facilitating more money for productive economic activities, Godwin Emefiele, the of the Central Bank of Nigeria (CBN) disclosed […]
Oxford Business Group partners with LCCI on 2020 economic report
Kenneth AforOctober 9, 2019
By Kenneth Afor The Oxford Business Group has partnered with the Lagos Chamber of Commerce and Industry (LCCI) on the preparation of an economic report across sectors of the Nigerian economy for investment opportunities. The partnership is to beam a search light on major sectors in the country’s economic climate as Nigeria is gradually […]
Nigeria’s business environment challenging, MAN survey reveals
Businessam StaffMay 1, 2019
The Manufacturers Association of Nigeria (MAN) has said the composite manufacturers’ CEO’s confidence (MCCI) index for the first quarter of 2019 stood at 51.3 per cent. MAN President, Mr. Ahmed Mansur, who disclosed this, explained that the newly created MCCI report revealed that the manufacturing sector was struggling as operating conditions remained challenging. The MAN […]
SEC, NIPC to boost activities on commodities exchange
Oyindamola AlamuJanuary 24, 2019
By Oyindamola Alamu The Securities and Exchange Commission (SEC) and the Nigerian Investment Promotion Commission (NIPC) have unveiled plans to increase activities on commodity exchanges. SEC said that the partnership with the NIPC was designed to attract more investors to the capital market by reviving the commodities exchange market, among other initiatives. Mary Uduk, acting […]
British watchdog says cryptocurrency scams on the rise
Businessam StaffAugust 20, 2018
Cryptocurrency scams are using images of celebrities and upmarket London addresses to hoodwink consumers into parting with cash, Britain’s Financial Conduct Authority has said. The warning, first made in June, was reposted on the FCA’s website on Friday. Cryptocurrencies such as bitcoin and ether are not regulated in Britain, and the FCA said it has […]
Cryptocurrency firm, Pantera Capital, seeks $175m for 3rd venture fund
Businessam StaffAugust 20, 2018
Pantera Capital, which has pioneered investments in cryptocurrency assets, has set its goal for its third venture fund at $175 million, surpassing the $25 million raised for its second fund and the $13 million from its first one, according to TechCrunch. A new filing for a Pantera venture fund offering with the Securities and Exchange […]
Land Use Act, biggest threat to agricultural growth in Nigeria – AFEX boss
Adesola AfolabiAugust 13, 2018
Ayodeji Balogun, the country manager for AFEX commodities exchange, Nigeria’s first private commodities exchange, has decried the policy inertia by government on the current Land Use Act, which he said is hampering the growth of the country’s agricultural sector. Balogun who said the lack of the right infrastructure to support farmers remains a big concern […]