Ecobank Group secures €100m credit facility from European Investment Bank to fund SMEs
By TENEBE ANTHONIA, Lagos – Ecobank Group, the leading pan-African banking group, has signed an agreement for a €100 million long-term credit facility over 9 […]
BUSINESS
3.5GHz Spectrum auction: NCC extends deadline for submission of bids and Initial Bid Deposits
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) on Wednesday extended the deadline for submission of bids and Initial Bid Deposits (IBDs) in […]
Prioritise investment in infrastructure to boost Nigeria’s economy – Emefiele urges FG
By JOY ADARA, Abuja- The Central Bank of Nigeria (CBN) has called on the Federal Government to prioritise investment in infrastructure to improve the country’s […]
CBN targets 25,000 Ebonyi women, youth for financial inclusion
The Central Bank of Nigeria (CBN) has said it was targeting 25,000 women and youths in Ebonyi, during its one-week digital financial inclusion drive. The […]
SEC approves MTN Nigeria’s offer for sale of 575 million shares
By TENEBE ANTHONIA, Lagos – MTN Nigeria Communications Plc (MTNN) has obtained the approval of the Securities and Exchange Commission (SEC) for the offer for […]
CBN retains MPR at 11.5%, other parameters remain constant
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per […]
Ondo Govt. imposes 24hr curfew on Ikare-Akoko
The Ondo State Government has imposed a 24 hours curfew on Ikare-Akoko in Akoko North East Local Government Area, following sporadic gun shots in the […]
FRMFB to generate equity of N500m before 1st quarter 2022
PATRICK ABANG, Calabar – Mr Emmanuel Esezobor, The Acting Managing Director of First Royal Micro Finance Bank (FRMFB) Calabar, a subsidiary of the Brotherhood of […]
SMEDAN to disburse N5.2m start-up grants to 16 Niger women cooperatives — DG
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has said that it would support 16 women cooperative societies in Niger with a N5.2 […]
Financial Inclusion: CBN targets 25,000 unbanked women, youth in Jigawa
The Central Bank of Nigeria (CBN) says it is targeting 25,000 women and youth in Jigawa state who have no bank account to do so, […]
Creative industry can grow Africa’s GDP, tackle poverty – Afreximbank President
President of the African Import Export Bank (Afreximbank), Prof. Benedict Oramah, has said Africa’s creative industry is a potent instrument that could grow the Gross […]
NNPC makes giant stride, targets 1.8mbpd production
The Group Managing Director (GMD)/Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, Malam Mele Kyari, started his weekly activities with an interview […]
Economists fault plan to occupy CBN, insist apex bank not cause of hardship
The North-South Economists’ Forum, NSEF, a focus group of development economists, has faulted the notice by some Nigerians to occupy the Central Bank of Nigeria, […]
SMEDAN distributes business equipment to 135 entrepreneurs in Enugu
No fewer than 135 entrepreneurs in Enugu State have received business start-up kits distributed by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). […]
Leadway Pensure not in breach of investment regulation by investing in FBN Holdings — PenCom
The National Pension Commission (PenCom) says that Leadway Pensure Ltd. is not in breach of the Investment Regulation by investing pension funds in the equities […]
Profit taking: NGX extends losing streak by N33bn
Profit-taking activities continued on Thursday in the Nigerian equities market as investors lost N33 billion on sell-offs in 23 stocks. The News Agency of Nigeria […]
Glo rewards over 100 subscribers with home appliances
Globacom Nigeria on Thursday rewarded over 100 subscribers, the first set of winners of the ‘Joy Unlimited Extravaganza‘ promo with home appliances in Lagos. The […]
AfreximBank signs $1bn petroleum exploration deal with NNPC
The Export-Import Bank (AfreximBank) has signed a $US1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum. The agreement […]
Nigeria’s economy grows by 4.03% in Q3 of 2021 — NBS
The Federation’s General Statistician and Head of the National Bureau of Statistics, Simon Harry has said the country’s economy grew 4.03% in the third quarter […]
NGX spotlights SPACs as a viable alternative route to public markets
BY TENEBE ANTHONIA, Lagos – In recognition of the role Special Purpose Acquisition Companies (SPACs) play in catalyzing economic growth through public markets Nigeria and […]