Economy
Afreximbank Approves $20.8 Million for Starlink Global’s Cashew Factory in Lagos
The African Export-Import Bank (Afreximbank) has approved a financing facility worth $20.8 million for Nigeria-based Starlink Global & Ideal Limited....
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CBN Introduces Electronic Foreign Exchange Matching System to Enhance Nigeria’s FX Market
The Central Bank of Nigeria (CBN) has announced the launch of an Electronic Foreign Exchange Matching System (EFEMS) for Foreign...
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Nigeria to Launch $750 Million Rural Electrification Project, Targeting 17.5 Million People
The Rural Electrification Agency (REA) has announced the launch of a $750 million rural electricity project next month, financed by...
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Zenith Bank’s Service Disruption: What You Should Know
Customers of Nigeria’s Zenith Bank have in recent days been left frustrated due to service disruptions that have made banking...
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Bank of Industry Disburses N77.65bn to Support MSMEs in Nigeria
The Bank of Industry (BOI) has announced the disbursement of approximately N77.65 billion in loans to nearly 1,000 Micro, Small,...
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Nigerian Government Expands Subsidized Rice Program, “50kg bag of Rice for N40,000” to States
The Federal Government is set to expand its subsidized rice program to Lagos, Kano, and Borno states, following the initial...
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ANWBN Secures $19,985 Grant to Empower Women Entrepreneurs in Nigeria with Digital Skills
The Association of Nigerian Women Business Network (ANWBN) has received a $19,985 grant from the Center for International Private Enterprise...
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Petrol import in Nigeria drops by 3.58 billion litres after Subsidy Removal
The National Bureau of Statistics reports that Nigeria's petrol imports have decreased significantly since President Bola Tinubu removed the fuel...
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Zone Payment Partners NIBBS to Boost Digital Transaction as Nigerian Electronic Payment Hits N566.3 Trillion in 7 month
The number of Point-of-Sale (PoS) terminals in Nigeria has reached 26.54 million within just seven months, according to data from...
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Solid Minerals Development Fund Empower 1000 Women Across Nigeria
The Solid Minerals Development Fund (SMDF) has trained 1,000 women entrepreneurs across Nigeria to harness the economic potential of the...
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