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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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Organized Labour to Base New Wage Demands on Cost of Living Data

Organised labour in Nigeria is set to base new minimum wage demands on comprehensive cost of living and socioeconomic data.
Business

Abia State Gears Up for Transformation with Elite Economic Council

Governor Alex Otti of Abia State inaugurates a high-profile Economic Advisory Council, marking a bold step towards economic revitalization and global competitiveness.
Business

FG to Save N8 Trillion Annually from Subsidy Removal and FX Reform, Says Tinubu Panel

Nigeria aims to save N8 trillion annually through subsidy removal and forex rate changes, prioritising efficient spending for development.
Business

SERAP Calls for Reduction of National Assembly’s ‘Excessive’ N344.85b Budget

SERAP urges Senate President Akpabio and Speaker Abbas to cut the National Assembly's N344.85 billion budget, advocating for fiscal responsibility in line with Nigeria's economic realitie
Business

Nigeria Embraces GM Maize to Boost Food Security and Climate Resilience

Nigeria has taken a bold step towards enhancing its food security and climate resilience...
Business

Tragic End in Lagos: Banker’s Despair Leads to Heartbreaking Suicide

A Lagos banker, Amarachi Ugochukwu, ends her life due to economic struggles, leaving behind a heart-rending note."
Business

FG Seizes Control of 3 Major Banks Amid Regulatory Failures

Nigerian government seizes control of Union, Polaris, and Keystone Banks amidst regulatory and corporate governance crises.
Business

ANLCA Backs Customs Service to Hit N5 Trillion Revenue Goal in 2024

The Association of Nigerian Licensed Customs Agents (ANLCA) commits to aiding the Nigeria Customs Service in achieving an ambitious N5 trillion revenue target for 2024.
Business

Nigeria’s Economic Downturn: Capital Importation Plummets Amidst Positive Road Safety Trends

Q3 2023 reveals a significant drop in Nigeria's capital importation.
Business

Nigerian Stocks Defy Election Jitters, Set to Sustain Bullish Run in 2024

Nigeria’s stock market has surprised many analysts by posting a remarkable performance in 2023,...
Business

Nigeria’s Economy Suffers as Foreign Investment Hits 11-Year Low

Nigeria, Africa’s largest economy, has seen a sharp decline in foreign investment in the...
Business

Nigeria’s Livestock Sector Gets a Boost from Federal Ministry 

The Federal Ministry of Agriculture and Food Security (FMAFS) has reaffirmed its commitment to...
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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.