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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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Court Sentences Four Boko Haram Members to Life Imprisonment

KEY POINTS Federal High Court in Abuja sentenced four Boko Haram members to life...
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US orders Abuja embassy staff to leave Nigeria

The US State Department authorized non-emergency embassy staff and their families to leave Abuja on April 8, citing a deteriorating security situation in Nigeria.
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NCC orders telcos to pay subscribers for outages

The Nigerian Communications Commission ordered mobile operators to automatically compensate subscribers with airtime credits when prolonged or repeated service failures occur, under a new framework effective April 2026.
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Adaora Umeoji’s Zenith shares now worth $21 million

Zenith Bank CEO Adaora Umeoji holds 285,096,933 shares in the lender worth N29.28 billion ($20.91 million) at current market prices, making her one of Nigeria's wealthiest serving bank chiefs by disclosed equity.
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ADC crisis deepens as third faction backs INEC, names interim chairman

A third faction of the African Democratic Congress emerged in Abuja, naming an interim chairman and backing INEC's move against the David Mark-led group.
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Dismissed soldier Soja Boi shows pay receipts, dares Nigerian Army to release payroll

Dismissed soldier Rotimi Olamilekan, known as Soja Boi, released bank transaction receipts Tuesday backing his claims about soldiers' low pay and missing gear.
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Death toll in Plateau’s Palm Sunday attack climbs to 33 as protest halts mass burial

The death toll from Plateau State's Palm Sunday attack rose to 33 as furious residents blocked a mass burial and demanded accountability from authorities.
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Strait of Hormuz reopens as US and Iran agree to two-week ceasefire

Iran confirmed a two-week ceasefire with the United States, reopening the Strait of Hormuz and pausing weeks of escalating military tension.
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Lagos Announces Traffic Diversions Ahead of Tinubu’s Project Commissioning Across Key Corridors

KEY POINTS Lagos will implement traffic diversions in Ikeja, Ojota, Apapa, and Victoria Island...
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Kebbi Assembly Speaker Muhammad Zuru Dies in Egypt After Brief Illness

KEY POINTS Kebbi Assembly Speaker Muhammad Zuru died Monday evening in Cairo, Egypt, while...
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New ‘Mamudawa’ Terror Group Attacks Kebbi Communities, Kills Four, Forces Residents to Flee

KEY POINTS A new terrorist group, Mamudawa, attacked communities in Kebbi’s Shanga LGA, killing...
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Resident Doctors Suspend Nationwide Strike

KEY POINTS Resident doctors suspended their nationwide strike and will resume work at 8...
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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.