$1.68bn foreign airlines’ funds trapped in Nigeria, others – IATA The International Air Transport Association has said that $1.68 billion of airlines’ funds are trapped across Africa as of September 2023 out of a global total of $2.36 billion. The Regional Vice-President for Africa and the Middle East, Kamil[Read More…]
Wema Bank signs $50m facility with ECOWAS bank to support SMEs Wema Bank has signed a facility of $50,000,000 with the ECOWAS Bank for Investment and Development (EBID) to impact small and medium enterprises (SMEs). This was revealed in a statement issued by the bank on Wednesday after the[Read More…]
SMEDAN, Sterling Bank sign Historic 5bn loan to Boast MSMEs in Nigeria The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has partnered with Sterling Bank Plc to sign a Memorandum of Understanding (MOU) for a 5 Billion Naira loan for MSMEs across Nigeria. The Director General[Read More…]
BUA Group donates N1bn entrepreneurship centre to UNIMAID Billionaire and chairman of BUA Group, Abdul Samad Rabiu, on Sunday, handed over a N1bn International Centre for Innovation and Entrepreneurship, built by his personal foundation, Abdul Samad Rabiu Africa, to the University of Maiduguri, The Punch reports. Rabiu did the[Read More…]
Universal Green Energy Access Programme, Union Bank Partners to Propel Renewable Energy in Nigeria Luxembourg based Universal Green Energy Access Programme (UGEAP), and Union Bank of Nigeria have formalised the basis for a strategic partnership to catalyse the development of the renewable energy market in Nigeria. This collaboration,[Read More…]
FirstBank Rewards Customers with 179,000,000 worth of Cash Prizes in its win big promo FirstBank, Nigeria’s premier financial institution and leading financial inclusion services provider, has launched the Win Big promo to reward and delight its valued customers. A statement made available to Newsmen said, the four-month promo,[Read More…]
CBN Governor, Cardoso to lay out Policy Directions Governor of Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso will this weekend examine the macroeconomic direction and outlook for the Nigerian economy, a major event expected to provide guidance to key decision-makers. Cardoso will address bankers and other public and[Read More…]
FG records over N1tn monthly revenue inflow since subsidy removal -Finance Minister The Minister of Finance, Mr Wale Edun says that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from average of N650 million monthly to over N1 trillion in the last four months.[Read More…]
Sterling Bank Continues Support for Ake Festival Sterling Bank, Nigeria’s leading commercial bank, is proud to announce its continued partnership with the Book Buzz Foundation for the 11th edition of the Ake Arts and Books Festival, taking place from November 22nd to 24th, 2023, in Ikeja, Lagos. According[Read More…]
Polaris Bank deepens promotion of SMEs in Nigeria, Sponsors 2023 Year End Fashion Souk with Eventful Polaris Bank, Nigeria’s Leading Digital Retail Bank, in partnership with Eventful Limited will host the 2023 season end edition of The Fashion Souk 9.0 scheduled to hold at the Harbour Point, Victoria[Read More…]
