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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 to Receive $618M from AfDB for Digital and Creative Sectors

Nigeria is set to receive a $618 million fund from the African Development Bank...
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Nigerian Advertising Industry Calls for Regulation Reform Amidst Crisis

The Nigerian advertising industry is facing a major challenge as the self-regulation system that...
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How Nigeria’s Cement Industry Became the World’s Most Expensive

Nigeria has been the country with the highest cement price in the world for...
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Nigerian Boxer KSI’s Prime Energy Drink Set to Break $1.2 Billion Sales Record

According to Yahoo Finance, Prime, the energy and hydration drink brand co-founded by Nigerian...
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Lagos Traders Lose Billions as Waste Agency Shuts Down Markets

The Lagos Waste Management Authority (LAWMA) has closed several markets in Lagos, Nigeria’s commercial...
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Nigeria’s NNPC/Aiteo Joint Venture Introduces Nembe Crude Oil

NNPC/Aiteo Joint Venture launches Nembe Crude, a new eco-friendly Nigerian crude oil grade in the global market.
Business

Ogbomoso Prepares for Global Impact through Digital, Economic Summit

Ogbomoso's Digital Economy Summit marks a pivotal shift to a tech-driven future, uniting experts and visionaries in transformative dialogue.
Business

Regulatory Breaches Lead to N1 Trillion Property Loss for Investors

Lagos State's property investors face over N1 trillion in losses due to corruption, poor...
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FG Vows to Boost SMEs, Calls Them Economy’s Lifeblood

The federal government has vowed to implement policies that will enhance Small and Medium...
Business

BUA Claps Back at Dangote Allegations

In a direct rebuttal to allegations made by Aliko Dangote, BUA Group has issued...
Business

Nestle Nigeria Faces Financial Crisis Due to Naira Devaluation

Nestle Nigeria, the country’s leading food and beverage company, has reported a massive loss...
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JP Morgan Forecasts Naira to Reach N850/$ by Year-End: What It Means for Nigeria

JP Morgan, a renowned global financial services company, has made a prediction that the...
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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.