W
WAKILI SAID
TheCable | Nigeria's independent online newspaper
Country/Area ：Tanzania
Company Email ：info@thecable.ng
Industry ：Media & InternetMedia & Internet General
Company address ：5b Iyalla Alausa St, Ikeja, Lagos, 100212, Nigeria
Company website ：*****
Company phone ：+234 8113975332
Established ：2014
Company Revenue ：$5,531,000
Number of employees ：28
SIC Code ：27271
NAICS Code ：51513
Company News
FEC approves $1.5bn, $80m loan from World Bank, AfDB - Thecable.ng
Oct 17, 2023
Wale Edun, the minister of finance, says the Federal Executive Council (FEC) has approved a $1.58 billion loan request.
Oct 17, 2023
IMF to Nigeria: Increase tax revenue for subsidy, monetary reforms to work - Thecable.ngOct 14, 2023
Abebe Selassie, the director, African department, IMF, says Nigeria doesn't generate enough tax revenues to fund its necessary projects.
Oct 14, 2023Court adjourns hearing on Oando's minority stake acquisition - Thecable.ngOct 12, 2023
The federal high court has adjourned the hearing of the scheme of arrangement relating to the proposed acquisition of Oando’s minority shares
Oct 12, 2023'Total shutdown': Electricity workers, PENGASSAN set to join NLC strike - Thecable.ngOct 1, 2023
Electricity workers, under the aegis of National Union of Electricity Employees (NUEE), say its members will join the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) in their indefinite nationwide strike.
Oct 1, 2023Web Summary
Q1: What is the name of the credit guarantee company established by President Bola Tinubu?
A1: The National Credit Guarantee Company (NCGC).
Q2: Who is appointed as the chairman of the NCGC board?
A2: Yakubu Dogara, former speaker of the house of representatives.
Q3: What is the initial capital of the NCGC?
A3: N100 billion.
Q4: Who is appointed as the managing director and chief executive officer (CEO) of the NCGC?
A4: Bonaventure Okhaimo.
Q5: What is the expected impact of the NCGC on access to finance for micro, small, and medium enterprises (MSMEs)?
A5: The NCGC aims to de-risk lending and boost access to finance for MSMEs, thereby strengthening confidence in the financial system and expanding credit access.
Q6: Who are some of the key appointments made by President Tinubu as part of the NCGC's board?
A6: Other key appointments include Tinoula Aigwedo as executive director of strategy and operations; Ezekiel Oseni as executive director of risk management; and Yeside Kazeem — an actuarial expert — as an independent non-executive director.
Q7: What is the expected timeline for the NCGC's full operations to commence?
A7: The NCGC will commence full operations in July 2025, with an initial capital of N100 billion from a consortium comprising various stakeholders.
Q8: Who are some of the major stakeholders that have been appointed as Non-Executive Board Members of the NCGC?
A8: Representatives of MID, Nigeria Sovereign Investment Authority, Bank of Industry, Nigeria Consumer Credit Corporation, and the Ministry of Finance Incorporated.
A1: The National Credit Guarantee Company (NCGC).
Q2: Who is appointed as the chairman of the NCGC board?
A2: Yakubu Dogara, former speaker of the house of representatives.
Q3: What is the initial capital of the NCGC?
A3: N100 billion.
Q4: Who is appointed as the managing director and chief executive officer (CEO) of the NCGC?
A4: Bonaventure Okhaimo.
Q5: What is the expected impact of the NCGC on access to finance for micro, small, and medium enterprises (MSMEs)?
A5: The NCGC aims to de-risk lending and boost access to finance for MSMEs, thereby strengthening confidence in the financial system and expanding credit access.
Q6: Who are some of the key appointments made by President Tinubu as part of the NCGC's board?
A6: Other key appointments include Tinoula Aigwedo as executive director of strategy and operations; Ezekiel Oseni as executive director of risk management; and Yeside Kazeem — an actuarial expert — as an independent non-executive director.
Q7: What is the expected timeline for the NCGC's full operations to commence?
A7: The NCGC will commence full operations in July 2025, with an initial capital of N100 billion from a consortium comprising various stakeholders.
Q8: Who are some of the major stakeholders that have been appointed as Non-Executive Board Members of the NCGC?
A8: Representatives of MID, Nigeria Sovereign Investment Authority, Bank of Industry, Nigeria Consumer Credit Corporation, and the Ministry of Finance Incorporated.
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