The 2023 African Investment Forum (AIF) Market Days boardrooms have secured 34.82 billion dollars in investment interest during its three days session in Morocco. The figure is higher than the 31 billion dollars investment interest secured in 2022. Dr Akinwumi Adesina, African Development Bank (AfDB) Group President announced...
BUSINESS
The Africa Export-Import Bank (Afreximbank) has signed financial advisory mandates worth two hundred million dollars ($200m), with the Anambra State Investment Promotion and Protection Agency. This was contained in a press statement issued by Mr Christian Aburime, the Press Secretary to Gov. Chukwuma Soludo...
The Managing Director, 313 Bureau de Change, Alhaji Murtala Bashir, has emphasised the need for collective efforts to ensure the stability of the naira at the Foreign Exchange Market in Nigeria. Bashir made the call in a statement made available to the News Agency of Nigeria (NAN) on...
Access Bank P.lc., has partnered with the Office of the Vice-President to provide N30 billion to support four million Micro, Small and Medium Enterprises (MSMEs), women and youths businesses in Nigeria. The Group Managing Director of the bank, Mr Roosevelt Ogbonna, made this known in an...
By GRACE AUDU, Abuja – Ahead of its National Mortgage and Real Estate Conference 2023 slated for next week, the Institute of Mortgage Brokers and Lenders of Nigeria (IMBLN), has warned that henceforth, it will clampdown on fraudulent and unlicensed developers, mortgage professionals and real estate promoters operating...
Africa’s Global Bank, United Bank for Africa (UBA) Plc, and Saudi Export-Import Bank (Saudi EXIM), a premier export credit agency in the Kingdom of Saudi Arabia, have announced a partnership aimed at strengthening business growth and enhancing economic cooperation between their economies. To this end, both institutions signed a...
Addressing a global audience of agricultural extension professionals in Africa, the President of Sasakawa Africa Association (SAA), Dr Makoto Kitanaka has called for greater attention to extension and advisory services as a sustainable pathway to agricultural transformation on the continent. The SAA president spoke at the 6th Africa-wide Agricultural Extension...
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo has warned the Nigeria Labour Congress ( NLC) against disrupting flight operations at the airports. Keyamo gave the warning at the Ministerial retreat for Minister, Permanent Secretary, Directors and Head of Agencies of the Ministry of Aviation and...
The Nigeria Deposit Insurance Corporation (NDIC) has paid N1.39 billion to 36,163 depositor of 110 closed Microfinance Banks (MFBs) and three Primary Mortgage Banks (PMBs). The Managing Director of NDIC, Mr Bello Hassan, made the disclosure at the NDIC Special Day, at the 2023 Lagos International Trade...
The Enugu Electricity Distribution Company (EEDC) has said the current power outage in Imo, a fallout of a strike action by the Nigeria Labour Congress (NLC) is beyond its control. The EEDC’s Head of Corporate Communications, Mr Emeka Ezeh, made the disclosure in statement issued in Owerri on...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said out of a total mineral revenue of N6.40 trillion, the Nigerian Upstream Regulatory Commission (NUPRC) accounted for the highest contribution of N2.71 trillion in 2020-2021. NEITI, in its latest Fiscal Allocation and Statutory Disbursement (FASD) report which covered the...
Bank of Industry (BOI) has said it would close the financial gap, build stronger climate commitments and tap into the potential of renewable energy, partnerships and collaboration. The Managing Director. Bank of Industry (BOI), Dr Olasupo Olusi made this known on Thursday in Abuja. Olusi spoke...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has provided insight into how the lingering Russia – Ukraine war impacted Nigerian crude oil inflows in the international oil market. The NNPC Ltd said this led to a dip in demand from the once-dependable Asian market at the onset...
Aviation unions in Nigeria on Wednesday directed their workers to withdraw services to all public and private Owerri flights (both inwards and outwards) with effect from midnight. The unions said the strike is indefinite until otherwise directed by the Nigeria Labour Congress (NLC) and the Trade Union Congress...
FirstBank of Nigeria Ltd. has launched the Win Big promo to reward and delight its valued customers. The Group Head, Marketing and Corporate Communications, Firstbank, Mrs Folake Ani-Mumuney, said this in a statement on Wednesday in Lagos. The statement said that the bank was thrilled to launch the...
By DAVID IORJA, Abuja – President Bola Tinubu on Wednesday signed the 2023 N2.176 trillion Supplementary Appropriation Act into law. The budget is to strengthen security architecture and address critical infrastructure deficit, among other considerations. Presidential spokesman, Chief Ajuri Ngelale, made this known in a statement...
Comptroller-General of Nigeria Customs Service, Mr Adewale Adeniyi, has said the service has recorded impressive surge in monthly revenue collection from N202 billion to N333.9 billion in the past four months. Adeniyi made the declaration on Wednesday in Abuja at a national workshop on legislative compliance. The workshop...
President of African Development Bank (AfDB), Dr Akinwumi Adesina, has said that the Abidjan-Lagos highway corridor has secured a 15.5 billion dollars investment interest. Dr .Adesina said this while welcoming participants at the 2023 Africa Investment Forum (AIF) Market Days in Marrakech, Morocco on Wednesday. The...
By CALLISTUS OFFOR, Abuja – Nigerian Communications Commission (NCC) has said effective application of Information and Communication Technology (ICT) is critical in combating financial crimes by enabling real-time surveillance, regulatory compliance, and secure data processing, just as it sought a multidisciplinary and multi-stakeholder collaborations to address issue...
By ARMSTRONG ALLAHMAGANI, Bauchi – The Bauchi State Government has handed over the Sir Abubakar Tafawa Balewa International Airport to the Federal Government for effective management and economic development of the State. It was handed over to the Federal Government through the Federal Airport Authority of Nigeria....