DBN Secures €50Million Credit to Boost Women-Owned Businesses in Nigeria
The Development Bank of Nigeria (DBN) has obtained a €50 million credit line from the French Development Agency (AFD) to...
U.S. Embassy Opens Application Window for Nigerian Organizations to Apply for Education Grant
The U.S. Mission in Nigeria is calling for qualified organizations to apply for a grant aimed at empowering low-income, talented...
NAFDAC Cracks Down on Sachet Alcohol Sales, Seizes Illicit Beverages in Owerri
The National Agency for Food and Drug Administration and Control (NAFDAC) has ramped up its enforcement of the federal government's...
NMDPRA Debunks Gas Supply Suspension to GENCOs Over Debts
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has dismissed claims that it instructed wholesale gas suppliers to cut...
Billboxx Secures $1.6M Pre-Seed Funding to Solve SME Cash Flow Challenges Across Africa
Billboxx, a billing-to-payment platform designed to streamline cash flow for African businesses, has raised $1.6 million in a pre-seed funding...
US Embassy Issues New Directive for Nigerian Visa Applicants
The United States Embassy in Nigeria has announced changes to its immigration visa procedures, effective January 1, 2025. Immigrant visa...
Nigeria’s PoS Terminals Soar to 3.04 Million Amid Cashless Shift
As of July 2024, the number of Point of Sale (PoS) terminals deployed across Nigeria surged to 3.04 million, marking...
AFAWA initiative teams with African Guarantee Fund, Bank of Industry for $50 Million Financing Agreement Targeting Nigerian MSMEs
The African Development Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) program is lending its support to a...
US Companies Invest $3.26 Billion in Bitcoin Amid Price Surge
In the first week of December, three major US companies MicroStrategy, Marathon Digital, and Riot Platform made substantial Bitcoin acquisitions,...
Lagos State Targets Distribution of 1 Million POS Machines to Boost Youth Employment and MSMEs
Lagos State has set an ambitious target of distributing 1 million Point of Sale (POS) machines to youths, men, and...
