Firm launches credit enhancement services in Nigeria

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Joseph Olaoluwa

An investment banking and project development firm, Restorium Capital, that specialises in providing financial advisory and related services across project financing, capital raising has launched into Nigeria.

Managing Director of the firm, Omotayo Ademola, who spoke to journalists in a virtual forum on Friday said it intended to launch several products and services in Nigeria.

Part of the services include trade finance and credit enhancement services for businesses, importers, manufacturers, project and business financing services to private and public companies and stock loan funding for stocks traded publicly on the Nigerian Stock Exchange.

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She said, “The firm came about as a need to solve the funding gap in the financial market. It came as a child of exigency. We looked at the landscape and realised that there is a funding gap for projects and infrastructural development in Nigeria and the whole continent.”

Adeola explained that the firm was created to bridge the gap in raising fund for projects and infrastructure.

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She explained that it was difficult to operate from Nigeria five years ago but when the firm moved to Dublin, Ireland, things became easier, hence the reason why the firm re-launched into Nigeria.

The CEO empathised with manufacturers who struggle to get Letters of Credit.

She said the firm was launching a platform where there was no need for 100 per cent cash cover before a Letter of Credit is granted.

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