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Tag Archives: financial sector

AfDB secures $1b for infrastructure development

AfDB

The African Development Bank (AfDB), along with some partners across the globe, has announced the securing of $1bn to enable investment in infrastructure development across the African continent, including Nigeria. The announcement, which was made in Ottawa, Canada, according to a statement made available to our correspondent by the AfDB, listed the partners in the multi-level securitisation to include the ...

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Financial Sector loans to housing industry yet to pick up

Dr Okonkwo says real estate industry needs financing like others

“The volume of financial packages in the forms of loans and mortgage finances, which Nigerian banks traditionally provide to the country’s housing industry remain very low and yet to pick up from the country’s decent into an economic recession, the Nigerian Institute of Architects (NIA) has indicated.”- This Day According to NIA, though the federal government had insisted that Nigeria ...

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Tax, property laws should be reviewed to boost non-interest banking – Stanbic IBTC

Investors holding back on the Nigerian property market despite opportunities

“Saidu Babayo, Head of Non-interest Banking, Stanbic IBTC Bank Plc, speaks on the factors driving the huge demand for non-interest banking investment products across the continent and the prospects for such products in Nigeria. GOING by the oversubscription to the $100m sukuk issued by the African Finance Corporation there seems to be strong appetite for Islamic Banking or non-interest banking ...

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