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NIRSAL boosts cocoa supply chains in Lagos with N1.15bn


• ADT Russet Ltd to export 4,000MT yearly
As the world global cocoa market value hits $67 billion, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has activated its resources to maximise Nigeria’s participation in the raw material supply chains.
 
Hence, NIRSAL has provided 50 per cent Credit Risk Guarantee (CRG) on a working capital facility of N1.15 billion to ADT Russet Limited, a cocoa bean-sourcing and exporting company in Lagos State.
 
Besides the absorption of a substantial part of its risk exposure in the event of loan delinquency, NIRSAL Plc is also providing efficient monitoring of the project, which is aimed at boosting ADT Russet’s export volume to 4,000MT yearly. ....

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Larbie: Sustained Monetary, Fiscal Policy Intervention Will Boost Economy


The Chief Executive Officer, Rand Merchant Bank Nigeria Limited & Regional Head, West Africa, Michael Larbie
Give us an overview of what corporate and investment banking at Rand Merchant Bank Nigeria is and what has been your experience in the past eight years?
Rand Merchant Bank Nigeria is a subsidiary of the FirstRand Group, the largest listed financial services group (by market capitalisation) in Africa. As part of the Corporate and Investment Banking division of the Group, RMB leverages a market leading origination franchise to deliver an integrated value proposition to corporate and institutional clients across Africa. Our deal footprint spans several African jurisdictions and ranges from the funding of key infrastructure, oil and gas, telecoms and technology projects, manufacturing, healthcare and pharmaceuticals and renewable energy projects. ....

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