By Okeoghene Akubuike African Export-Import Bank (Afreximbank) says it posted a net income of 973.5 million dollars for Financial Year (FY) 2024. According to the bank, this represents a 29 per cent increase from 2023. Vincent Musumba, Afreximbank Communications and Events Manager, revealed the consolidated financial statements of the bankContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) says recapitalisation of Nigerian banks is crucial to the march towards achieving a one-trillion-dollar economy. CBN’s Deputy Governor, Corporate Services, Emem Usoro, said this on Monday in Abuja, at the ongoing 36th edition of the Finance Correspondents Association of Nigeria (FICAN).Continue Reading
By Nana Musa The Director-General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, says the bureau has revitalised inter-agency collaboration to tackle procurement corruption. He stated this on Monday in Abuja at a national stakeholders’ interactive workshop with Civil Society Organisations (CSOs) on current procurement trends and reformContinue Reading
By Martha Agas The Minister of Solid Minerals Development, Dr Dele Alake, has said that the prevailing barrage of tariffs imposed by the United States may be a blessing in disguise for African countries. Alake stated this during the Fireside Chat session on Foreign Direct Investment, titled ‘The Alchemy ofContinue Reading
By Stanley Nwanosike The National Directorate of Employment (NDE) says it recently concluded the nationwide resettlement of 5,532 beneficiaries trained in various skills under its Renewed Hope Employment Initiative. The Director-General of NDE, Dr Silas Agara, said this on Sunday during the NDE Special Day at the ongoing 36th EnuguContinue Reading
By Lucy Ogalue The National Sugar Development Council (NSDC) and Chinese conglomerate, SINOMACH have agreed to jointly develop a large-scale sugarcane cultivation and processing project in Nigeria. Executive Secretary of NSDC, Mr Kamar Bakrin, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja,Continue Reading
By Martha Agas The Customs Consultative Committee (CCC) has called for strict documentation in the implementation of the Federal Government’s duty-free policy on pharmaceutical raw materials. The Secretary of the CCC, Dr Eugene Nweke, made the call in an interview with the News Agency of Nigeria (NAN) on Sunday inContinue Reading
By Lucy Ogalue Dr Stephen Akintayo, a renowned business strategist and convener, Business Growth Conference, has described entrepreneurs as solution providers who must continuously evolve to meet challenges within the Nigerian business environment. Akintayo said this at the 2025 Business Growth Conference in Abuja. According to him, while Nigeria remainsContinue Reading
By Taiye Olayemi Investors on the Nigerian Exchange Ltd. (NGX) traded 2.094 billion shares worth N52.967 billion in 64,612 deals during the week under review. This is in contrast to 1.183 billion shares valued at N28.868 billion that exchanged hands across 42,397 transactions last week. Consequently, the value of transactionsContinue Reading
By Lucy Ogalue The Federal Government says it will in May inaugurate a de-risking fund to improve access to affordable financing for Micro, Small and Medium Enterprises (MSMEs). The Special Adviser to the President on Job Creation and MSMEs, Temitola Adekunle-Johnson, said this at the 2025 International Women’s Day eventContinue Reading
