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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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Nigeria Launches Five Power Projects, Boosts National Grid Capacity

Minister Adelabu inaugurates five power projects under PPI, partnering with Siemens and Germany, to significantly improve Nigeria's electricity supply.
Business

Urgent Call for Action as Lagos Faces Maritime Safety Crisis

NIWA reports 75% of Lagos boats unseaworthy, demanding immediate action for maritime safety and stricter boat maintenance standards.
Business

CBN Clears $400 Million FX Backlog in One Week

The Central Bank of Nigeria (CBN) has cleared an additional $400 million of foreign...
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Naira Gains Strength as Foreign Reserves Grow**

The Nigerian currency, the naira, has appreciated against the US dollar in the parallel...
Business

Telecoms FDI Plunges $322.8M in Nigeria, NBS Reports Decline

In 2023, Nigeria's telecom sector faced a significant FDI decrease of $322.8 million, reflecting challenges in attracting foreign investments for the country's digital infrastructure, NBS data reveals.
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Nigeria May Import Cement to Curb Price Hike

    Nigeria’s government has warned that it may resort to importing cement if the local...
Business

Strategic Moves Ahead as Banks Gear Up for a $1 Trillion

Nigerian banks set to navigate a transformative recapitalization journey, aligning with CBN's vision for a robust $1 trillion economy.
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Nigerian Breweries Plunges into Loss as Naira Crashes

Nigerian Breweries Plc, the country’s leading beer maker, posted a net loss of N106.3...
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IMF Boosts Nigeria with $65 Billion Amid Rising Food Crisis

The IMF allocates $65 billion to Nigeria, spotlighting the urgent need for subsidy reforms amidst escalating food insecurity affecting millions.
Business

Tinubu Vows to Revolutionize Agriculture for Nigeria’s Self-Sufficiency in Food Production

President Tinubu commits to transforming Nigeria's agriculture to achieve food self-sufficiency and boost economic growth through strategic investments.
Business

Access Holdings Plc to Appoint Acting CEO After Wigwe’s Tragic Demise

Access Holdings Plc responds to CEO Herbert Wigwe's tragic demise, plans seamless leadership transition with appointment of interim CEO.
Business

Airlines Face Collapse as Aviation Fuel Hits N1,300 Per Litre

Airlines face crisis as aviation fuel prices hit record highs, prompting calls for urgent government action to prevent industry collapse.
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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.