Dangote refinery to start with 350,000bpd crude — CEO The President/Chief Executive Officer, Dangote Group, Aliko Dangote, has said that the $20bn Dangote refinery in Lekki, Lagos would start with the refining of 350,000 barrels per day of crude oil. Dangote, who disclosed this during an interview with the Financial[Read More…]
France seeks increased trade partnership with Nigeria on Agricultural Exports The French Minister for Foreign Trade and Economic Attractiveness, Olivier Becht has said the French Government is interested in deepening trade relationship with Nigeria on agricultural exports. Becht said this at the French-Nigerian Economic Summit on Friday in Lagos,[Read More…]
Ogun gives N1bn grant to SMEs The Ogun State Government has announced a N1 billion grant for over 1,000 Small and Medium-scale Enterprises to further mitigate the effects of COVID-19 in the sector. Ogun State Government on Sunday in a statement said that the N1 billion grant was the second[Read More…]
FG welcomes Mexican investors, promises incentives The Minister of Solid Minerals Development, Dele Alake, has lauded the decision of investors from the Republic of Mexico to visit Nigeria in search of investment in solid minerals. The Minister in a statement signed by the Special Assistant to the Minister on[Read More…]
Zenith Bank unveils street Christmas light Zenith Bank has started the Yuletide season by illuminating Ajose Adeogun Street and Roundabout in Victoria Island, Lagos. According to a statement on Sunday, the light-up ceremony was performed by the Group Managing Director of Zenith Bank Plc, Ebenezer Onyeagwu, on Saturday. It[Read More…]
Alternative Bank signs multi-sector development deal with Niger State The Alternative Bank, an Africa-focused non-interest bank, has signed a multiyear deal with the Niger State government to boost the development of agriculture, transportation, energy, and infrastructural sectors in the state. Mohammed Bago, Governor of Niger State who signed the Memorandum[Read More…]
Google Hustle Academy Awards 75m to 15 Nigerians SMBs in Funding Initiative Google Hustle Academy has graduated 5,300 small and medium-sized businesses (SMBs) across Africa, showcasing their commitment to enhancing their business skills and knowledge. The graduation according to a release by Google, marks a continuation of the program’s[Read More…]
$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…]
