Banks, Fintechs harps on ways to tackle e-fraud Experts and stakeholders in the financial service sector have called for the integration of multiple identity system into one to easily detect and track perpetrators of cybercrime. They made this call last week at the Cyber Awareness week. Speaking at the[Read More…]
FG to revamp steel sector, overhaul MTI – Minister The Federal Government is set to revamp Nigeria’s steel sector to enhance the economy, create employment opportunities and speed towards industrialization. Nigeria’s Minister of State for Steel, Uba Maigari Ahmadu stated this during an official visit to Anambra State. [Read More…]
EFCC Arrests Emefiele After His Release by DSS Former Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has been arrested by the Economic and Financial Crimes Commission (EFCC). Emefiele is currently being detained at the EFCC Headquarters in Abuja. He was picked up by operatives of the commission hours[Read More…]
Microsoft to empower 10m SMEs with digital tools Microsoft Corporation said it will empower ten million small and medium enterprises by 2025. The President of Microsoft Africa, Lillian Barnard, disclosed this during a press conference in Lagos. Barnard said the tech giant will equip SMEs with essential tools, infrastructure, and[Read More…]
Nigeria Is Expecting $10bn FX Inflows in coming weeks, Says Finance Minister The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigeria is expecting a foreign exchange inflow of #10bn in the coming weeks. The Minister made the remark on Monday when he spoke[Read More…]
Nigeria’s $5bn gas earnings too low, says Shettima The Vice President, Senator Kashim Shettima, on Thursday, said Nigeria earns about $5bn from gas, but described it as too low, particularly when compared to what Egypt earns from the same commodity despite having a far lower gas reserves. Shettima, who[Read More…]
FG issues 94 import licences to oil marketers The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, said it has issued a total of 94 importation licences to oil marketers. Chief Executive, NMDPRA, Farouk Ahmed, disclosed this at the opening session of the ongoing 17th Oil Trading[Read More…]
FG rallies capital market to bridge Nigeria’s $3tr infrastructure gap • As indices dip by N7b amid losses in 19 stocks The Vice President, Kashim Shettima has called for active involvement of capital market stakeholder in bridging Nigeria’s $3 trillion infrastructure deficit. Besides, Shettima also urged various exchanges to develop[Read More…]
Fidelity Bank boosts Nigeria’s Non-oil Exports with FITCC Houston …Signs $40million deal with AFREXIM Bank and JohnVents Industries for cocoa export The much-anticipated second edition of the Fidelity International Trade and Creative Connect (FITCC) got off to a boisterous start on Tuesday, 24 October 2023 as leading financial[Read More…]
Afreximbank, Cexim sign $600m deal to boost China-Africa trade The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) have inked a historic $600m loan deal to enhance trade and economic cooperation between Afreximbank member states and China. The agreement was overseen by the President of CEXIM, ShengjunRen,[Read More…]
