Auto Added by WPeMatico
The Bank of Industry (BOI) has secured a $30 million credit facility from the Agence Française de Développement (AFD) to expand financing for Nigeria’s creative and cultural industries, with the aim of driving job creation, youth inclusion, and economic diversification. The facility is expected to provide affordable funding to businessesContinue Reading
The Petroleum Technology Development Fund (PTDF) said it has sponsored nearly 15,000 Nigerians for studies at home and abroad, even as 1,571 scholars were currently studying in 15 countries, as of July 2026. This is as the Fund is now asking the United Kingdom to help address visa rejections, highContinue Reading
Indigenous shipowners seeking to access the $360 million Cabotage Vessel Financing Fund (CVFF) face fresh hurdles as participating banks reportedly demand cargo or service contracts and collateral worth at least 135 per cent of loan amounts, raising concerns over the implementation of the long-awaited intervention scheme. An investigation by LEADERSHIPContinue Reading
Nigeria spent $2.14 billion on foreign exchange for manufactured products in the first six months of 2026, as the country continued to rely on imports to meet domestic demand for manufactured goods, industrial supplies, food, and transportation services. Data from the Central Bank of Nigeria’s (CBN) Statistical Bulletin for theContinue Reading
The Petroleum Technology Development Fund (PTDF) has urged the United Kingdom to reduce tuition fees and visa rejections affecting Nigerian scholars studying in British universities. The executive secretary of the Fund, Professor Shu’aibu Shehu Aliyu, made the appeal on Tuesday during a high-level bilateral meeting with the British High CommissionerContinue Reading
The federal government and organised labour have resumed negotiations on Tuesday, amid the threat of nationwide industrial action if discussions on renegotiation of minimum wage, petrol prices, tax relief and other outstanding issues fail to produce concrete commitments. Seated at the today’s meeting are the minister of labour and employment,Continue Reading
Stakeholders in Nigeria’s enterprise sector have called for reforms to improve access to finance for micro, small and medium enterprises (MSMEs), with emphasis on business formalisation, better-targeted interventions and stronger coordination among government agencies and financial institutions. The call came during a panel discussion at a breakout session of theContinue Reading
… to establish ginger nurseries in 16 states … Kachia production recovers to 30% The Bank of Agriculture (BOA) has projected that Nigeria’s ginger industry could rebound and generate about $3 billion in economic value within the next five years The bank said the federal government intervention to revive gingerContinue Reading
Italian Energy giant Eni has completed the sale of Agip Energy and Natural Resources, the subsidiary holding its 5 per cent share of the onshore Renaissance joint venture, to Apex Global Energy, a company wholly owned by Sterling Oil Exploration and Energy Production Company. Eni, however confirms its investment inContinue Reading
1. It plans to launch before the year ends. JPMorgan plans to set up a merchant bank in Nigeria, with operations expected to begin before the end of 2026. 2. Regulatory approval is still pending. The plan was disclosed by the bank’s West Africa managing director andContinue Reading
Login to view your balance.
Designed using Magazine News Byte. Powered by WordPress.