DBN raises N23 billion to support MSME lending The Development Bank of Nigeria has raised N23 billion in the first tranche of its N100 billion bond issuance programme to consolidate its support to micro, small and medium-scale enterprises (MSME). The instrument that will be due in 2028 is[Read More…]
NAICOM, operators to examine local content in oil sector Stakeholders and regulatory agencies in both the oil and gas industry, and insurance sector will brainstorm on the benefits and challenges of implementing the provisions of the Nigerian Oil and Gas Industry Content Development Act. A statement from Mrs Yemisi Izuora[Read More…]
MAN concern over Exclusion from World Bank-Funded 1.2m Meters THE Manufacturers Association of Nigeria has expressed concern over the impending displacement of local meter manufacturers and assemblers in the downstream of the power sector, in the process of the government’s implementation of the NMMP Phase II World Bank-funded supply[Read More…]
Unilever partners UNICEF to reach 3m Youths for FUCAP programme Unilever Nigeria and UNICEF today announced the launch of the Future-X Campus Ambassadors Program (FUCAP) to reach 3 million Nigerian youth and equip 700,000 of them between the ages of 16 and 24 with the requisite skills to succeed[Read More…]
PMI foundation supports entrepreneurship Project Management Institute Educational Foundation says it has injected a multi-million rand grant through the African Leadership Academy to support entrepreneurial training for African youths. According to a statement, the grant expanded on PMIEF’s current partnership with the ALA, which sought to introduce students to project[Read More…]
ExxonMobil To Buy Denbury For $4.9 Bn To Expand Low-Carbon Business ExxonMobil on Thursday July 13, said it will acquire Denbury Inc., a specialist in enhanced oil recovery and carbon sequestration, for $4.9 billion as it builds out its low-carbon business, the oil giant. The all-stock acquisition provides ExxonMobil[Read More…]
Access Bank enters into acquisition agreements with Standard Chartered Bank Access Bank Plc (Access) and Standard Chartered Bank have entered into agreements for the acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania. Each transaction remains subject to the[Read More…]
Google Bard expansion introduces new more features, languages and countries Google on Thursday, July 13, announced the expansion of Bard, its conversational AI service, to 40 new languages including Swahili- the first African language to be included and 59 new countries and territories. The expansion includes new features that[Read More…]
Send Money Across Africa in Seconds Using Ecobank Mobile and Omnilite Apps – Demola- Adeniyi Ecobank mobile, Omnilite App now available for customers to send money Across Africa in seconds Ecobank customers can now transfer money in seconds to 33 African countries where Ecobank Group operates using Ecobank Mobile[Read More…]
Naira sustains recovery at N746/$ in official market The naira on Thursday recorded a massive gain of N36 to close at N746/$ in the Investors and Exporters (I&E) window– official market. Thursday’s rebound showed two-day straight gain in the official market over improved liquidity and transaction activities. The local currency[Read More…]
