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South African Microfinance Institution (MFI) Blue Financial Services and Nigeria’s Intercontinental Bank to Launch $25.9m Microfinance Bank
Blue Financial Services (BFS), a South African microfinance institution (MFI), and Intercontinental Bank Plc, Nigeria’s largest commercial and retail bank by assets, are collaborating to launch a Nigerian microfinance bank capitalized at NGN 3 billion (USD 25.9 million), the largest such institution in the country.
Leveraging on China’s Thirst to Develop Africa
I recently heard a great daughter of Africa tell a story of two sisters who chose two different paths.
Northwoods Alchemy IV - Africa is looking up
After years of being fed a constant diet of bad news about the continent, most Americans are all too ready to assume nothing but the worst stories come out of Africa. Sometimes it seems that CNN has a special slot reserved just for a weekly feature on pestilence, war and famine. At least in the US media, you really have to look hard to find anything approaching good news about Africa, anything you might think of “looking up” to.

Central Bank of Nigeria (CBN) Approves Conversion of Community Bank into Microfinance Institution (MFI)
The Central Bank of Nigeria (CBN) has approved the conversion of the Olabisi Onabanjo University Community Bank Limited into a microfinance bank. The community bank has operated on the campus of Olabisi Onabanjo University in Ago-Iwoye, Nigeria since March of 2003, and the majority of its shareholders are affiliated with the university. One source reports that, in its first year in business, the bank made a surplus that was “far in excess of its total paid up capital,” but no other sources were found to corroborate this information and no further information was found on the OOU Community Bank.

Other nigerians Related Articles

SME's - are some Africans more entrepreneurial than others
Are Nigerians more entrepreneurial than Zulus? What about other groups?
Palms Shopping Mall, Changing Retail Distribution in Nigeria
South Africa owned, Nigerian managed 'The Palms Shopping Mall' launched in 2005 is a major contributor to changing retail distribution and ultimately the retail experience for Nigerians, particularly the growing middle class to affluent. The Mall's opening provided significant channels of distribution to allow manufacturers reach buyers who are ready and able to spend.

Funlayo Alabi, Co-Founder Shea Radiance, LadybrilleNigeria Personality of the Month
In all facets of various societies, worldwide, you can find Nigerians doing their country proud. One such Nigerian flying the green white green flag ,so prominently and boldly, is Funlayo Alabi. The DC/Maryland based Funlayo is co-founder and owner of AgroBotanicals, a company she founded with her husband Shola Alabi which focuses on obtaining fairly traded raw shea butter from women cooperatives in Nigeria; and shipping these shea butter products to the USA. AgroBotanicals also serves as a wholesale company selling large quantities of shea butter (1000lbs to container loads) to mid size cosmetic manufacturers.

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