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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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CBN to Crack Down on Fintech Fraud With New Guidelines

The Central Bank of Nigeria (CBN) is planning to introduce corporate governance guidelines for...
Business

Nigerian and African Airlines Struggle as Global Aviation Sector Soars in 2024

The global aviation industry is expected to generate a record revenue of $964 billion...
Business

Nigeria’s Steel Revival: FG Secures N35bn Funding for Ajaokuta Mill

  Nigeria’s quest to revive its steel industry has received a major boost as the...
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Meta’s Subsea Cable Project Faces Delay in Nigeria

Meta, the company formerly known as Facebook, has missed its November target to land...
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Supreme Court Extends Validity of Old and New Naira Notes

Nigeria's Supreme Court has ruled in favor of the indefinite legal tender status of both old and new naira notes, impacting the nation's economy.
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Tinubu’s First Budget: How Nigeria Plans to Boost Economy and Tackle Poverty

President Bola Tinubu will present his first budget proposal to the National Assembly today,...
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How Nigeria’s Economic Woes Force Manufacturers to Sell on Credit

Nigeria’s manufacturers are struggling to cope with the effects of the government’s economic reforms,...
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MTN Nigeria Plans to Raise N72.1 Billion in Commercial Paper Series 10

MTN Nigeria, the leading telecommunications company in the country, has announced its intention to...
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Nigeria’s Services Sector Boosts Economy Despite Fuel Price Hike

Nigeria, Africa’s largest economy, recorded a slight increase in its economic growth in the...
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Nigeria’s New Central Bank Chief Promises to Tame Inflation and Stabilise Naira

Nigeria’s newly appointed central bank governor, Olayemi Cardoso, has vowed to curb the soaring...
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Nigeria’s Economy Grows Marginally in Q3 2023

Nigeria's GDP sees a slight increase in Q3 2023, with the service industry playing a pivotal role
Business

Nigeria to Protect 11 Million Farmers from Disasters with Innovative Insurance Scheme

Nigeria is set to launch a groundbreaking insurance scheme that will cover 11 million...
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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.