E-Financial
Restorium Capital Unveils Products to Bridge Funding Gap
Restorium Capital Limited has introduced three products and services expected to bridge funding gaps in the financial market, make businesses more competitive and ensure job creation in the country.
The products are: trade finance and credit enhancement services, project and business financing services and stock loan funding for publicly traded stocks on the Nigerian Stock Exchange (NSE).
Unveiling the products in Lagos, Mrs. Omotayo Adeola, managing director/CEO, Restorium Capital Limited, explained that the trade finance and credit enhancement services were for businesses, importers, manufacturers, through the issuance of Letters of Credit, bank guarantees and proof of funds, without collateral.
According to her, the project and business financing services to private and public companies would be through debt, equity or a mix of funding solutions, such as refinancing of existing loans and purchase of existing facilities.
“We looked at the landscape and we realized that there is funding gap for projects and infrastructure development in Nigeria and the whole continent. If you look at the major problem Africa has, it’s funding, we have very low savings because incomes are low, which is affecting our disposable income as well as investment,” Adeola said.
She explained that there was the need to attract investible funds from Europe and other developed markets, adding that the company raises funding for projects, infrastructural development because it has relationships with network of investors.
“The traditional banking institutions cannot fund projects or infrastructure development by virtue of regulation you have to get every loan you give out, you have to get it collaterised,” he said.
She said the company assists prospecting businesses, governments and corporate institutions to achieve their potential by linking them with various developmental and investment funds in Europe, America, Asia and worldwide.
According to the MD/CEO, Restorium Capital Limited’s activities revolve round impacting the African economies by providing the needed investments required to jumpstart various fields of endeavours.
She noted that the COVID-19 pandemic had affected the growth and performance of the nation’s economy occasioned by imported inflation and foreign currency illiquidity.
Adeola said: “Manufacturers and trade importers are facing difficulties in sourcing foreign exchange and opening of Letter Of Credit (LOC) for the importation of much needed raw materials and finished goods. In 2015/2016, we went through a recession, now pandemic and all its associated problems that brought us back into recession.
“So, Restorium has relationships with providers that are ready to issue Letters Of Credit for importers from Nigeria to be able to bring their goods in. We are providing solutions to the problems manufacturers, importers, traders are having now,” she said.
She added that the company was working with Alliance Partners, which provides equity and debt financing for corporates from $20 million and above as well as Public Private Partnerships (PPP) projects from 100 million dollars and above.
Ecobank Nigeria has announced the successful repayment of the outstanding principal and accrued interest on its original $300 million Eurobond due February 16, 2026, marking a significant milestone in its liability management strategy and overall balance sheet strengthening efforts.
Following the full repayment of the Eurobond obligations, the Bank stated that it will now focus its funding initiatives primarily on the domestic capital markets. T
his strategic shift reflects growing confidence in Nigeria’s local debt market and aligns with Ecobank Nigeria’s long-term objective of optimising funding costs while deepening its participation in the domestic financial ecosystem.
“Going forward, Ecobank Nigeria will prioritise domestic credit ratings and local debt issuance to achieve its funding objectives,” stated Ogorchukwu Okwechime, Financial Controller, Ecobank Nigeria, in Lagos.
He added that the successful repayment reinforces the Bank’s commitment to maintaining a resilient balance sheet and sustaining investor confidence.
The tender offer was conducted with Renaissance Capital Africa (Renaissance Securities Nigeria Limited) acting as financial adviser and dealer manager, while Sodali & Co Limited served as tender agent.
The notes were originally issued by EBN Finance Company B.V., with limited recourse to the issuer, for the sole purpose of financing the purchase of the US$300 million 7.125 per cent Senior Note due 2026 issued by Ecobank Nigeria.
The transaction underscores Ecobank Nigeria’s proactive approach to liability management, prudent capital planning, and strategic alignment with evolving market conditions.
It further positions the Bank to leverage domestic funding opportunities while maintaining financial flexibility and operational stability.
Bank of Industry (BOI) has received approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window.
Theodora Amechi, bank’s divisional head, Public Relations, said the regulatory nod allows BOI to launch non-interest banking operations, targeting underserved business segments with tailored financial solutions to support Nigeria’s industrial development.
BOI stated that NIB operations will promote inclusive growth, attract ethical funding, bolster the real economy, and finance customer assets and raw materials using approved non-interest products.
“This approval authorises BOI to commence Non-Interest Banking operations, positioning the bank to further advance Nigeria’s sustainable and inclusive industrial development through tailored financial solutions for underserved and high-impact business segments.
“The Non-interest Banking operations will enable BOI to drive inclusive growth, mobilise new ethical funding, expand support for the real economy, and align its financing activities with social and developmental objectives.
According to the bank, under this framework, BOI will be able to finance customers’ assets and raw materials using approved Non-Interest Banking products.
Announcing this milestone, Dr Olasupo Olusi, MD/CEO, Bank of Industry, said, “This licence marks a pivotal moment in the Bank’s journey of transforming Nigeria’s industrial sector. With this licence, we can reach a new category of borrowers who, before now, could not be served.”
He said the approval underscores the CBN’s confidence in the Bank’s commitment to responsible financing, adding that it will allow the bank to scale its operations, introduce innovative financing solutions, and deepen support for Micro, Small and Medium Enterprises (MSMEs), as well as other underserved segments critical to Nigeria’s sustainable economic growth.
“BOI’s decision to commence Non-Interest Banking operations is aimed at expanding access to ethical funding for businesses—particularly those that have traditionally avoided conventional interest-based financing.
This initiative opens new opportunities for ethically motivated and faith-sensitive enterprises, as well as segments of the economy that face challenges accessing traditional credit.
It enables such businesses to access much-needed financing and participate confidently in the formal financial system in a manner consistent with their values and business realities.
Bank of Industry (BOI) is Nigeria’s foremost Development Finance Institution, committed to driving industrial growth and inclusive economic development,” Olusi said.
Established in 1959 as the Investment Company of Nigeria (ICON) and reconstituted as Nigerian Industrial Development Bank (NIDB) under World Bank guidance in 1964.
The Bank assumed its current form in 2001 following the merger of the Nigerian Bank for Commerce and Industry (NBCI) and the National Economic Reconstruction Fund (NERFUND).
The Bank’s primary mandate is to provide financial assistance for the establishment and expansion of large, medium, small-scale, and micro projects.
Zenith Bank Plc has cautioned the public against fraudulent videos circulating online falsely claiming that Group Chairman Dr. Jim Ovia endorses an investment scheme called “Wealth Bridge.”
Jim Ovia
In a disclaimer issued Tuesday by its management, the bank described the videos—circulated via the “Greece Island” Facebook handle—as entirely fake, doctored content bearing no connection to Dr. Ovia, the bank, or its affiliates.
The materials falsely promise up to N2 million in weekly returns for a N380,000 investment, while baselessly alleging Central Bank of Nigeria (CBN) endorsement and redirecting viewers to a sham “Arise News” webpage with a signup portal.
“Our attention has been drawn to a doctored video and still pictures currently circulating on social media, purporting to depict the Group Chairman of Zenith Bank Plc (‘the Bank’) as endorsing an investment scheme called ‘Wealth Bridge’ on the ‘Greece Island’ Facebook handle and soliciting members of the public to engage in a business relationship with the so-called entity,” the statement read.
“This claim is entirely false and has no connection whatsoever to the Group Chairman, the Bank or any of its affiliate companies.”
Zenith Bank stressed that Dr. Ovia and the institution have no knowledge of or partnership with “Wealth Bridge,” “delicious sitee,” “AfriQuantumX,” “Stock market analyst 1,” or related entities. The public was warned that dealing with these schemes carries full personal risk.
Ravenewsonline urges vigilance against rising impersonation scams targeting financial institutions.
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