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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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Obasanjo says NNPC refineries will never work again

Former President Olusegun Obasanjo has insisted Nigeria's three NNPC refineries will never work, citing past rejection by Shell and pressure that scuttled the Dangote sale.
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Nigerian airlines plan Thursday shutdown as Jet A1 prices triple

Nigerian airlines may ground flights Thursday over a 300 percent surge in Jet A1 fuel prices, pushing operating costs past breaking point.
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Army Cracks Down on Oil Theft, Destroys 10 Illegal Refineries and Arrests Nine in Niger Delta

KEY POINTS Nigerian Army arrested nine suspects and destroyed 10 illegal refining sites across...
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FG Commits Over ₦5bn Through UBEC to Tackle Out-of-School Crisis Nationwide

KEY POINTS The Federal Government has allocated over ₦5 billion through UBEC to improve...
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Mother of NYSC Member Killed in Abuja Crossfire Demands Justice

KEY POINTS An NYSC member, Abdulsamad Jamiu, was killed during a crossfire between soldiers...
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Hunter Killed in Accidental Explosion During Joint Patrol in Adamawa

KEY POINTS A local hunter was killed in an accidental explosion during a joint...
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Yahaya Bello Money Laundering Trial Adjourned to May 6

KEY POINTS The court adjourned Yahaya Bello’s alleged money laundering trial to May 6–7,...
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EFCC Arrests Former Skye Bank Chairman Tunde Ayeni Over Alleged ₦36.5bn Fraud

KEY POINTS EFCC arrested former Skye Bank chairman Tunde Ayeni over alleged ₦36.5bn and...
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Gunmen Storm Benue Palace, Kill Traditional Ruler, Family and Two Others

KEY POINTS Gunmen killed a traditional ruler, his wife, son, and two others in...
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Kidnapped Lagos Woman Freed After Family Pays $17,500 Ransom

KEY POINTS A Lagos woman was kidnapped from her home in a late-night attack...
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Over 11,000 Nigerians apply to sail on Navy warship

More than 11,000 Nigerians have applied to sail on a Nigerian Navy warship, blowing past expectations and forcing officials to draw up a selection plan.
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NNPC denies selling refinery scrap, warns public against fraudsters

NNPC Limited has denied selling scrap materials, equipment or components from its three refineries, warning the public against fraudsters posing as company agents.
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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...
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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.