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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 needs $345 Million yearly to fix out-of-school crisis

Nigeria requires $345 million annually to address its out-of-school children crisis, Education Minister Tunji Alausa disclosed at a private sector breakfast in Lagos.
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Kalu tells EU investors to bring factories to Nigeria

Deputy Speaker Benjamin Kalu has called on European investors to shift from extractive trade to local manufacturing in Nigeria, pushing a near-shoring model to create jobs and cut migration.
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Niger Delta chamber targets $5bn investment drive, 500,000 jobs ahead of Port Harcourt summit

Niger Delta chamber targets $5bn investments and 500,000 jobs as region prepares for major economic summit in Port Harcourt
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Nigeria’s Top Manufacturing Body Pushes Africa to Add Value to Raw Materials, Not Just Export Them

Nigeria's Manufacturers Association calls on Africa to build industrial capacity through value addition rather than exporting unprocessed raw materials.
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Eight Feared Dead After Terrorists Bomb Bridge in Niger State

KEY POINTS Eight people feared dead after a vehicle hit an IED planted by...
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Ganduje’s Ex-aide Salihu Yakasai Defects from APC to ADC

KEY POINTS Salihu Yakasai, former aide to Abdullahi Ganduje, has defected from APC to...
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IED Explosion Kills Several Passengers Near Woro Community in Kwara

KEY POINTS Several people were killed after a vehicle drove over an IED in...
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Dangote warns Middle East war could push Africa into work-from-home crisis

Aliko Dangote says an unresolved Middle East crisis could force African countries back into COVID-era work-from-home arrangements.
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Court Sentences ex-Acting AGF Nwabuoku to 72 Years in Jail Over N868m Fraud

KEY POINTS Federal High Court in Abuja sentenced former Acting AGF Nwabuoku to 72...
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Bandits storm Kwara church, abduct worshippers during Sunday service

Armed bandits raided a church in Omugo, Kwara State, abducting worshippers and leaving the rural community paralyzed by fear.
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Abdul Samad Rabiu’s net worth surges $4.47billion to $14.6billion

Abdul Samad Rabiu has added $4.47 billion to his fortune in 2026, pushing his net worth to $14.6 billion as BUA Group posts record revenue of N1.18 trillion.
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Nigeria’s solid minerals sector pulls in $2.6bn FDI in two years

Nigeria has attracted over $2.6 billion in foreign direct investment into its solid minerals sector in two years, Minister Dele Alake disclosed at the Powering Africa Summit in Washington.
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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.