Perm Sec Speaks on Nigeria importing yam from China The Permanent Secretary, Federal Ministry of Agriculture and Rural Development (FMARD), Ernest Umakihe, has said that Nigerians may soon be importing yam for local consumption from China. Umakihe who was speaking at a Stakeholders Workshop on Repositioning Yam as[Read More…]
NBS says Nigeria’s inflation climb 31.70% in February Nigeria’s inflation rate rose to 31.70 per cent in February from 29.90 per cent recorded in January 2024. This figure indicates an increase of 1.80 per cent, the National Bureau of Statistics said in its latest CPI and inflation report released on[Read More…]
FG unveils presidential conditional grant scheme for Nano business The Federal Government has rolled out Presidential Conditional Grant Scheme, PCGS, to empower Nano businesses across the country. This is as part of the Presidential Palliative Programme meant to curb the increasing level of hardship the country is currently facing. The[Read More…]
Nigeria to issue eurobonds after two years Nigeria has hired investment banks including Citibank NA, JPMorgan Chase & Co., and Goldman Sachs, to seek advice on its first eurobond issue since 2022. According to a Bloomberg report, the size of the eurobond offer, which is expected before June,[Read More…]
Tinubu directs immediate opening of borders with Niger Republic, lifting of all sanctions In what would amount to another policy somersault, President Bola Tinubu, on Wednesday, ordered the immediate re-opening of Nigeria’s land and air borders with neighbouring Niger Republic. According to a statement issued by his special adviser[Read More…]
UBA Gets $100m Fund to empower women led SMEs The African Guarantee Fund (AGF) and United Bank for Africa (UBA) has signed a partnership that ensures that UBA provides $100 million in new loans to Small and Medium Enterprises (SME) and business owners across the 20 African countries where[Read More…]
TCN Transmission vandalized for the fifth time in 4 weeks The Transmission Company of Nigeria (TCN) has reported a destruction of its infrastructure -the Shiroro-Katampe 330kV transmission line which makes it the fifth time the incident has occurred since February. A statement by the company said that the latest incident[Read More…]
IWD: BOI empowers women entrepreneurs with $6.02m The Bank of Industry (BOI) has supported women entrepreneurs with the disbursement of $6.02 millon to help empower them in their businesses. Managing director, BoI, Dr. Olasupo Olusi disclosed this at the weekend during the BoI International Women’s Day 2024 with the[Read More…]
Electricity Firms Calls on FG to settle N100 billion debt Association of Nigerian Electricity Distributors, is calling on the Nigerian government to settle the N100 billion electricity outstanding debt that is being owed by the firm. Sunday Oduntan, Executive Director of the Association stated this in an interview with[Read More…]
International Women’s Day: Union Bank Advocates for Inclusivity, Female Empowerment Union Bank of Nigeria has re-emphasised its advocacy for an equitable and inclusive society devoid of biases, stereotypes, and discrimination. This assertion was recently made at a special event hosted by the Bank to commemorate this year’s International Women’s[Read More…]
