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  • AfDB, UBA sign $150m loan for infrastructure, SMEs

    The African Development Bank Group and United Bank for Africa Plc have signed a $150m loan agreement to finance infrastructure and the Small and Medium-scale Enterprise’ projects, including women-owned enterprises in Nigeria. The Group Managing Director/Chief Executive...

    • Posted December 3, 2016
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  • Present challenges would pave way for Nigeria’s prosperity – Emefiele

    The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele has said that if well tackled, Nigeria’s current economic challenges can pave the way to future prosperity for the country. This, he said was the reason why...

    • Posted December 3, 2016
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  • CBN plans financial services in villages by 2020

    The Central Bank of Nigeria (CBN), Mr. Godwin Emeifele yesterday announced plans to render financial services to villages across the country by the end of 2020. Emefiele who made the disclosure at a two-day CBN fair tagged,...

    • Posted December 3, 2016
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  • NDIC directs depositors of liquidated banks to file claims

    The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umar Ibrahim has called on depositors who lost their money in liquidated banks to file their claims through the zonal offices of the corporation or any of...

    • Posted December 2, 2016
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  • Oil soars above $51 as OPEC agrees deal

    Global oil benchmark, Brent crude, traded above $51 per barrel on Wednesday after the Organisation of Petroleum Exporting Countries agreed on its first limit on oil output since 2008. OPEC had in September said it would reduce...

    • Posted December 2, 2016
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  • BoI disburses N5bn to SMES in agro-processing sector

    THE Bank of Industry on Wednesday put the funding support to about 242 entrepreneurs in the North-Central region at N5bn. It said out of this amount, N1.5bn was disbursed to 62 SMEs in the agro-processing sector in...

    • Posted December 2, 2016
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  • Nigeria records $200m FinTech investment in two years

    NIGERIA has recorded over $200m in Financial Services Technology in the last two years, industry experts have said. The experts disclosed this at the 2016 FinTech summit, organised by KPMG, a global network of professional firm providing...

    • Posted December 2, 2016
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  • Naira appreaciates marginally at interbank market

    The Naira on Wednesday appreciated marginally against the dollar at the interbank market, gaining 25k to exchange at N305. The Nigerian currency closed at N305.25 on Tuesday. Trading on the floor of the Bureau De Change saw...

    • Posted December 1, 2016
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  • How to grow Nigerian economy – Kachikwu

    The Minister of State for Petroleum Resources, Mr. Ibe kachikwu, says the growth of the economy solely depends on mobilising and applying human, natural and financial resources. Kachikwu said this in a presentation at the ongoing 9th...

    • Posted December 1, 2016
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  • Senate to summon Aviation Minister over airport concession

    The Senate Committee on Privatisation on Monday revealed plans to summon the Minister of State for Aviation, Senator Hadi Sirika, over the concession of the Muritala Muhammed Airport Terminal 2 and other airports across the country. The...

    • Posted November 30, 2016
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  • Ogun to begin Agbara-Berger, other rail projects January

    The construction of a total of 195 kilometres of light rail projects will commence in three different locations in Ogun State in January next year, Governor Ibikunle Amosun has said. Amosun, who spoke in Lagos on Monday...

    • Posted November 30, 2016
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  • 11 Discos frustrating NERC’s regulatory duties – Fashola

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola has alleged that the 11 electricity distribution companies (Discos) have become stumbling blocks to the smooth regulation of the power sector by the Nigerian Electricity Regulatory Commission...

    • Posted November 30, 2016
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  • Nigerian oil sector suffering from security, regulation, weak infrastructure – Fitch

    Global rating agency, Fitch Ratings has said that the Nigerian oil and gas sector continues to suffer from security issues and weak oil prices that drag down the ratings of indigenous companies in the sector. The agency...

    • Posted November 30, 2016
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  • Kaduna Electric targets six weeks for first phase of meters deployment

    The first phase of mass meters deployment currently being executed by Kaduna Electric will be completed within six weeks. This was disclosed by the Head, Energy Metering and New connection of the company, Aliyu Abbas Abdullahi, at...

    • Posted November 29, 2016
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