Bank of Industry Limited (BOI) has praised President Bola Ahmed Tinubu for his leadership and support after its ₦250 billion Series 1 Fixed Rate Bond was oversubscribed within five days. The bank issued the bond through its BOI Financing SPV Plc under the bank’s $1 billion Multi-Currency Instruments Programme....
investment
Nigeria Export Processing Zones Authority (NEPZA) has announced that the $300 million (about ₦426 billion) Abuja Industrial Park will create an estimated 40,000 direct and indirect jobs when it becomes fully operational. The Managing Director of NEPZA, Dr. Olufemi Ogunyemi, disclosed this in a statement on Saturday after inspecting...
President Bola Tinubu has called on Nigerians living abroad to move beyond remittances by investing in key sectors of the country’s economy. The President made the appeal while declaring open the three-day Nigeria Diaspora Economic Conference (NIDEC) 2026 in Toronto, Canada, where he was represented by his Chief of...
Nigeria Democratic Congress (NDC,) presidential candidate, Peter Obi, has expressed deep concern over the condition of thousands of Nigerians living with kidney disease, describing a recent visit to nearly 1,000 kidney patients in Enugu as one of the most heartbreaking experiences of his life. Obi made the remarks in...
Anambra State Governor, Prof. Chukwuma Soludo, has called on Nigerians living abroad to remain connected to their roots and play an active role in driving economic growth and development back home. The governor made the appeal after attending the 2026 Nigeria Diaspora Economic Conference in Toronto, Canada, which was...
Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede has charged youths across the country to tread the path of integrity for a secure future. He gave the charge in Port Harcourt, Rivers State on Tuesday, August 11, 2026, while addressing youths and teenagers in a...
Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has celebrated Nigerian youths on International Youth Day, describing them as the country’s “greatest national asset” and urging greater investment in their future. Obi, in a message on Wednesday marking the occasion, praised the courage, creativity, energy and potential of young...
Plateau State Government and the Bank of Industry (BOI) have committed a combined ₦4 billion to a youth empowerment fund aimed at supporting young entrepreneurs and creating opportunities for economic independence among youths across the state. Commissioner for Youth and Sports Development, Musa Ibrahim Ashoms, disclosed this on Wednesday...
Vice President, Senator Kashim Shettima, has endorsed the healthy cycle of competition among the 36 states of the federation, saying it is necessary to actualise Nigeria’s quest for prosperity, economic growth, human dignity, and job opportunities. This, he said, is evident in the quality and ambition of the investment...
Benue Investment and Property Company (BIPC) has urged citrus farmers in the state to stop the indiscriminate movement and sale of oranges outside Benue, warning that the practice could undermine the state’s drive to industrialise its agricultural sector. The company’s Group Managing Director, Dr. Raymond Asemakaha, said in a...
Shettima leads governors to Benin Republic, seeks new investment path for Nigeria’s textile industry
Shettima leads governors to Benin Republic, seeks new investment path for Nigeria’s textile industry
Vice President Kashim Shettima will depart Abuja on Thursday for a high-level working visit to the Republic of Benin, accompanied by some state governors and senior officials of the Federal Government. A statement by his spokesman on Thursday, Stanley Nkwocha, said the delegation will visit the Glo-Djigbé Industrial Zone,...
Abia State Governor, Alex Otti, says his administration is ready to support plans by Egyptian pharmaceutical company, Utopia, to establish a drug manufacturing plant in the state, describing the proposed investment as a major step towards industrial growth and economic development. The governor disclosed this on Wednesday in a...
Federal Government on Wednesday July 22 launched the YOUTHCRED for Entrepreneurs initiative, a nationwide credit programme aimed at providing affordable financing to young business owners and supporting 500,000 entrepreneurs across the country. The scheme, unveiled at the Federal Ministry of Finance Auditorium in Abuja by the Minister of Finance...
The Federal Government has commended the Kano State Government for its sustained investment in education, describing the recruitment of thousands of teachers and expansion of learning infrastructure as a major boost to human capital development and quality education. Minister of Education, Dr. Maruf Tunji Alausa, gave the commendation on...
Pan-African electric mobility company, Spiro, has secured a total of $270 million in fresh funding from a consortium of European, African and Chinese investors to accelerate the expansion of its electric vehicle and battery-swapping infrastructure across Africa. The company announced that it initially raised $215 million from institutional investors,...
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has hosted another impactful edition of its quarterly UBA Business Series, bringing together entrepreneurs, investors, innovators and business leaders to explore how customer insights and technology is shaping Africa’s next generation of high-growth businesses. Held at the Bank’s corporate headquarters...
President Bola Ahmed Tinubu has restated the commitment of his administration to guarantee the safety of domestic and international investments, declaring that Nigeria, under his leadership, is ready and open for business. This, he said, is further guaranteed by the ongoing optimization of legal, physical, and financial frameworks to...
Justice Mojisola Dada of the Lagos State Special Offences Court sitting in Ikeja, on Tuesday, July 7, 2026, ordered the remand of Ifoma Immanuel, Executive Director of Intermediate Investment Holdings Limited, in Kirikiri Correctional Centre for an alleged $1.5 million investment fraud. Investigations revealed that the defendant allegedly induced...
Bank of Industry (BOI) has disclosed that its investments in power and rural infrastructure electrified more than 100 rural communities, connected 11,777 new customers to electricity and created 1.68m Jobs in 2025, underscoring its role in expanding energy access across Nigeria. The bank made this known in its 2025...
Wema Bank has secured a €50 million, about N78.5 billion, financing facility from the European Investment Bank’s development arm, EIB Global, to expand credit access for small and medium-sized enterprises in Nigeria. The agreement marks the first transaction between EIB Global and Wema Bank. At least 50 per cent...