Restorium Capital Ltd has unveiled three products and services to address funding gaps in the financial market.
Mrs Omotayo Adeola, the company’s Managing Director/CEO, who unveiled the products at a virtual news conference in Lagos said it will make businesses more competitive and to ensure job creation.
- COVID-19 vaccine procurement at advanced stage-FG
- Buhari, King Mohammed discuss Nigeria-Morocco gas pipeline, fertilizer plant
The firm was founded in 2016 as an investment banking and project development company, providing financial advisory and related services.
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).
Adeola said 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.
She said the project and business financing services to private and public companies were 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 realised that there is a 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,” she said.
She added that the company was working with Alliance Partners, which provides equity and debt financing for corporates from $20 million as well as Public-Private Partnerships (PPP) projects from $100m dollars and above.
Adeola also said the company would be expanding to Anglophone countries in Africa starting with Ghana by the third quarter this year.
