Nomba, Synafare target 300 Nigerian businesses with $1.4 million solar financing

Nomba, a Nigerian fintech, and Synafare, an asset financing company focused on the renewable energy sector, have announced a ₦2 billion ($1.4 million) lending commitment to finance solar energy systems for small and medium-sized businesses in Nigeria. The companies said the capital will be deployed over 24 months to support about 300 SMEs in acquiring solar panels, inverters, and batteries. The financing vehicle comes as Nigerian businesses face limited access to credit and the high cost of unre