Nigeria servicing 108 W’Bank loans worth $14bn – Report Nigeria is currently servicing about $14.12bn worth of World Bank loans, according to findings by The PUNCH. The figure covered the amount disbursed on about 108 approved loans based on data obtained by our correspondent from the website of the World[Read More…]
LCCI urges CBN to halt interest rate hikes, cites inflationary concerns The Lagos Chamber of Commerce and Industry has urged the Central Bank of Nigeria to suspend interest rate hikes as a measure to alleviate supply-side pressures contributing to rising inflation. In a statement released on Monday, the Director-General of[Read More…]
Dangote Petroleum Refinery begins operation in October Dangote Petroleum Refinery will receive its first cargo of crude next month, the Nation report. Nation Newspapers in an exclusive interview with S & P Global Platts, Executive Director of the Dangote Group, Devakumar Edwin, said the refinery would be launched in phases,[Read More…]
NDIC begins liquidation dividend payment to depositors of Peak MB The Nigeria Deposit Insurance Corporation (NDIC) said it has concluded plans to pay the first liquidation dividend to depositors and ex-staff (deposits) of defunct Peak Merchant Bank. A statement signed by the Director of Communication and Public Affairs, NDIC,[Read More…]
Dangote restates commitment to job creation Dangote Industries Limited has restated its dedication to creating employment opportunities for Nigerians. In a statement, the group declared its continuous investments in critical sectors of the economy to create employment and promote decent jobs were irrevocable. Speaking at the induction of a new[Read More…]
FG opens old MMA terminal to ease flight disruptions The Federal Government has officially reopened the D Wing of the old international terminal at the Murtala Muhammed International Airport, Lagos. The government aimed to alleviate flight disruptions and improve the overall efficiency of air travel. The move was part[Read More…]
5G subscription hits 500,000 – NCC The Executive Chairman of, the Nigerian Communications Commission, Prof. Umar Danbatta, has said Nigeria’s Fifth Generation network subscription hit half a million. He said broadband penetration also rose to 47.01 percent as of July 2023. In a statement, while speaking in Kano, he[Read More…]
Ecobank Introduces “EPAC Studios” To Promote Africa’s Creative Industry … Calls For Collaboration And Partnership Ecobank Nigeria has opened a creative studio for the promotion of talents and creativity across the African continent. Known as EPAC Studios, it is a carefully crafted space for telling authentic African stories in[Read More…]
Meet CBN’s newly appointed deputy governors President Bola Tinubu on Friday approved the nomination of four new Deputy Governors of the Central Bank of Nigeria pending confirmation by the Senate for a term of five years at the first instance. They are expected, when confirmed, to work with the newly[Read More…]
FCMB’s SheVentures launches interest-free loans for female exporters First City Monument Bank (FCMB) has launched the SheVentures Export Readiness Programme to support women-owned businesses in Nigeria looking to expand into global markets. The programme will give participants access to insightful knowledge, focused advisory, and zero-interest loans to fund their export[Read More…]
