The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, introduced July last year, has guaranteed N25bn of agricultural loans, latest data from the Central Bank of Nigeria has shown. This has effectively lifted lending to the sector to four per cent of banks’ total loans, from the average of 1.5 […]
Tag: Nigeria
Heirs Holdings & LSDPC to Redevelop Falomo Shopping Complex into a World Class Mall
Elumelu’s Heirs Holdings, the pan African investment company yesterday signed an agreement with the Lagos State Development Property Corporation (LSDPC), for the redevelopment of the iconic Falomo Shopping Mall located in Ikoyi, Lagos State. The mall will be redeveloped into a shopping mall an office complex and world class residential […]
Fitch: Nigerian banks are unlikely to repeat 2012 profit highs
(The following statement was released by the rating agency) Nigerian banks are unlikely to see a repeat of their robust 2012 profits because of increasing pressure on earnings, Fitch Ratings says. Tougher regulations together with higher funding costs are likely to constrain profitability over the next 18 months. The central […]
