funding

‘Fintech; Panacea For Exclusion, Funding Impasse In Nigeria

October 24, 2019 4:36 am

The advent of Financial Technology (Fintech), a combination of technology and innovative business models in financial services, has gained considerable momentum in recent times, with global investments rising at exponential rates.

It holds the potential to revolutionise the Small and Medium Enterprise (SME) financing, as it can offer unprecedented solutions to deal effectively with the main barriers that SMEs face in financial markets- information asymmetries and collateral shortage.

Indeed, digital technologies, such as online and mobile banking and payment solutions, have had an important impact on traditional SME financing.

They allow financiers to considerably lower transaction costs when reaching out …

Concerns Mount Over Rising Foreign Funding For Boko Haram

October 17, 2019 4:33 am

Obasanjo, military chiefs warn of prolonged war against insurgency
Buhari directs service chiefs to promptly settle fallen soldiers’ entitlements

There are growing concerns that the insurgency war in the North-east is being prolonged by massive external funding from fundamentalist groups and foreign nations, investigations have revealed.

Former President, Chief Olusegun Obasanjo also added his voice to these concerns Wednesday, saying foreign funding for Boko Haram has risen to 50 percent.

However, in a bid to boost troops’ morale, President Muhammadu Buhari has ordered service chiefs to take urgent steps to settle the entitlements of soldiers affected by insurgency across the …

Miyetti Allah to benefit from FGN funding opportunities

September 19, 2019 9:23 pm

Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) says it would group its members across the federation into cooperative societies to enable them benefit from Federal Government funding opportunities.

Alhaji Othman Ngelzarma, General Secretary of MACBAN gave the assurance in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja.

He said such initiative would as well afford members the opportunities to access funds from other financial institutions.

Ngelzarma explained that through the initiative, the association could easily train, improve members’ skills in their respective states and as well as provide them with opportunity to access …

Fidelity Bank collaborates with PwC to offer SME funding

July 4, 2019 12:02 am

Fidelity Bank Plc is collaborating with PricewaterhouseCoopers (PwC) to provide funding for Small and Medium Enterprises (SMEs) operating in Nigeria.

Mr Nnamdi Okonkwo, Managing Director, Fidelity Bank, said in Lagos on Wednesday that the bank came up with the initiative tagged, ‘SME Funding Connect,’ to deepen funding, which remained the biggest headache of SMEs.

Okonkwo who was represented by Executive Director, Lagos & South West, Mrs Nneka Onyeali-Ikpe, said the initiative was aimed at providing funding for SMES through the bank’s funding partners, venture capital and Angel investor, among others.

“Fidelity Bank is SME-friendly and we deemed it necessary to …

Traditional rulers need funding to help curb crimes - Oluwo

Traditional rulers need FG funding to curb crimes – Oluwo

May 20, 2019 10:45 am

The Oluwo of Iwo, Oba Abdul-Rasheed Adewale Akanbi, Telu I, has explained how the Federal Government could utilize the traditional institution to curb spate of kidnapping and other crimes in the country.

Speaking with reporters in Osogbo, the Osun State capital, the Oluwo advocated for empowerment of traditional rulers to re-establish communal structure in combating high ranking crimes.

The first class traditional ruler, who regretted the height of insecurity across the nation, said far reaching and creative measures must be applied urgently to “forestall impending doom hanging dangerously on the nation.”

Read Also: Oluwo calls for urgent reforms of Yoruba …