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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

Senate Approves ₦1.81 Trillion Budget to Tackle Security, Infrastructure in Nigeria’s Capital

KEY POINTS The Nigerian Senate approved a ₦1.81 trillion budget for the FCT in...
News

6 Everyday Struggles of the Nigerian Middle Class

KEY POINTS Rising living costs impact the middle class. Poor infrastructure hinders daily life. ...
News

Nigeria’s Cocoa Plants Struggle, Operating at Just 8% Capacity

Nigeria's cocoa processing plants struggle with infrastructure and financial challenges, operating at just 8% capacity. Efforts to revitalize the sector are underway.
News

Obasanjo Meets Southeast Governors: Focus on Regional Development

Former Nigerian President Obasanjo clarifies his meeting with Southeast governors, stating the focus was on regional development issues like security, infrastructure, and economic growth, not Nnamdi Kanu's release.
News

Nigerian Minister Defends Lagos-Calabar Highway Project

Nigerian Works Minister David Umahi defends the Lagos-Calabar Coastal Highway project, calling critics who question its funding and economic viability "unpatriotic." The project is expected to improve connectivity between Nigeria's economic hubs and boost national growth.
News

Lagos Slips to 5th Place Among Africa’s Wealthiest Cities

Lagos, Nigeria's economic powerhouse, has seen a decline in its ranking among Africa's wealthiest...
News

Tinubu Receives South-South Monarchs, Promises to Address Their Grievances

Nigeria’s President Bola Tinubu met with a delegation of traditional rulers from the South-South...
News

Senate Pushes for Modern Rail Line in Eastern Nigeria

The Nigerian Senate has urged the federal government to upgrade the Eastern Rail Line...
Society

Lagos to Build Africa’s Second Longest Bridge by 2027

Lagos, Nigeria’s commercial capital, is set to construct a 38-kilometer-long bridge that will connect...
Business

FEC Greenlights N2.17trn 2023 Supplementary Budget

The Federal Executive Council (FEC) approved a N2.17 trillion supplementary budget for 2023. This...
News

FEC Greenlights Ijora Workshop Concession, Eyes N28.1bn Boost

The Federal Executive Council (FEC) has endorsed a landmark concession, entrusting the Central Workshop...
Business

EU Pledges €150 Billion for Nigeria and Africa’s Infrastructure Development by 2027

The European Union (EU) has announced a new initiative to boost infrastructure development in...

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News

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.
News

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.