DFI, CDC Float $60m Facility for African Private Credit Strategy CDC Group, the UK’s development finance institution (DFI) and impact investor, has made a $60 million commitment under its African Private Credit Fund Strategy. The effort, they said, is aimed at addressing a significant credit market...

CBN Plans To Strengthen Risk Management In OFIs       The Central Bank of Nigeria (CBN) has taken moves to strengthen risk management in the financial services subsector categorized as Other Financial Institutions (OFIs), mainly mortgage banks, Finance Houses and micro-finance banks. The move is aimed at taking...

CBN To Clamp Down On Bad Debtors To OFIs The Central Bank of Nigeria has said it will extend its Credit Risk Management System to the other financial institutions in the country to protect them from bad debtors. It said this became imperative after it...

Afreximbank, Others Unveil $1.5bn Facility To Support Food Production         The African Export-Import Bank (Afreximbank) has partnered with the International Islamic Trade Finance Corporation (ITFC), the Trade Finance Arm of the Islamic Development Bank (IsDB) Group; and the Arab Bank For Economic Development in Africa (BADEA),...

Fed Govt Disburses MSME Survival Fund To Tailors       The Federal Government has commenced the disbursement of its Micro, Small and Medium Enterprises Survival Fund to artisans in Lagos State. The Special Assistant to the President on MSMEs/DFIs, Tola Johnson, said so far in the Bariga cluster...

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has reiterated the bank's commitment towards making the Development Finance Institutions (DFIs) in the country more pro-active and better equipped to support the present administration's economic growth agenda. He said there was need...