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Wema Bank secures €50m EIB facility to support SMEs

Wema Bank has secured a €50m financing facility from EIB Global to expand credit for small and medium-sized enterprises, focusing on youth- and women-owned businesses.
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Okowa Visits EFCC Over N1.3 Trillion Probe

KEY POINTS • Former Delta State Governor Ifeanyi Okowa visited the EFCC’s Lagos office over an ongoing investigation into the alleged diversion of about N1.3 trillion. • The probe reportedly centres on 13 per cent derivation funds received by Delta State between 2015 and 2023 during...

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Enugu Taps Tech To Drive Growth

  key points Enugu State is empowering over 3,000 youths with digital skills. ESTHUB is...
Business

GTCO Plans $750mn Rights Issue to Meet Capital Requirements

Nigeria’s Guaranty Trust Bank (GTCO) is gearing up to raise $750 million through a...
Business

13 Banks to Raise N3.31 Trillion, CBN Sets New Capital Rules

In response to CBN's updated capital requirements, Nigerian banks are tasked with raising N3.31 trillion, aiming to bolster financial resilience and support economic growth.
Business

Nigerian Stocks Surge, Banking Sector Leads with N4.4 Trillion Gain

Stock investors in Nigeria saw a N4.4 trillion gain in March, led by the banking sector, amid economic reforms and turbulence in the foreign exchange market.
Business

Nigeria Secures ¥15 Billion Japanese Grant for Agriculture Boost

The Nigerian government has secured a ¥15 billion grant from the Japanese International Cooperation Agency (JICA), earmarked for the National Agricultural scheme, aiming to enhance the agricultural sector's growth and sustainability.
Business

Business Leader Tinubu Ditches 72nd Birthday Bash for Charity

Renowned Nigerian politician and business mogul, Bola Tinubu, has made a remarkable gesture on...
Business

Massive Tractor Procurement Aims at Enhanced Food Production

Nigeria's government acquires 500 tractors, aiming to modernize agriculture and boost food production significantly.
Business

Tinubu’s Missteps: Fuel Import Licenses and Naira Float

Recent proposals by prominent Nigerian politician Bola Tinubu regarding fuel import licenses and floating...
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Oil Theft – NNPC Battles 9,000 Pipeline Infractions

The Nigerian National Petroleum Corporation reports a staggering 9,000 pipeline infractions in a year, spotlighting the dire battle against rampant oil theft.
Business

Tinubu’s Orders: A New Dawn in Nigeria’s Oil Sector

In a bold move to tackle corruption in Nigeria’s oil industry, President Bola Tinubu...
Business

Female Entrepreneurs Empower SMEs at UBA’s Women’s Day Event

Learn from leading female entrepreneurs at UBA’s event on building successful, resilient brands and investing in self-development for business growth.
Business

CBN Sells Over N1 Trillion OMO Bills, Attracts Foreign Investors

The Central Bank of Nigeria (CBN) has announced the successful completion of a sale...
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Wema Bank secures €50m EIB facility to support SMEs

Wema Bank has secured a €50m financing facility from EIB Global to expand credit for small and medium-sized enterprises, focusing on youth- and women-owned businesses.
News

Okowa Visits EFCC Over N1.3 Trillion Probe

KEY POINTS • Former Delta State Governor Ifeanyi Okowa visited the EFCC’s Lagos office over...
News

Fidson hails BoI and EIB roles in expanding pharmaceutical manufacturing

Fidson Healthcare has commended the Bank of Industry and EIB for concessionary financing that has driven its growth in pharmaceutical manufacturing, jobs and green production.
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NIWA moves to clean up waterways and boost blue economy investment

NIWA has launched a comprehensive clean-up of Nigeria's inland waterways to tackle pollution, improve navigation safety and attract investment into the country's blue economy.