Afreximbank, ITFC collaborate to advance trade, projects in Africa

By Okeoghene Akubuike The African Export-Import Bank (Afreximbank) says it has concluded arrangements for a facility of 250 million dollars with the International Islamic Trade Finance Corporation (ITFC) in support of trade and projects in Africa. This is contained in a statement issued by Vincent Musumba, Media Relations Manager, Afreximbank,Continue Reading

Wood industry can enhance Nigeria’s revenue diversification efforts – Expert

By Rukayat Moisemhe Mrs Ngozi Oyewole, Chairman Wood/Wood Products Sectoral Group, Manufacturers Association of Nigeria (MAN), says the wood and wood products industry can significantly contribute to the nation’s revenue diversification efforts. Oyewole, also the founder of Noxie Ltd., made the assertion in an interview with the News Agency ofContinue Reading

First Bank, Rotary empower 102 beneficiaries with N20m start-up kits

By Grace Alegba The First Bank of Nigeria Ltd, with Rotary Club International, District 9110, has distributed N20 million worth start-up kits to 102 beneficiaries in Lagos to empower them across various trades. The News Agency of Nigeria (NAN) reports that start-up kits distributed included: grinding machines, plumbing kits, deepContinue Reading

BOI launches RAPID initiative to empower rural businesses

By Rukayat Moisemhe The Bank of Industry (BOI) has introduced the Rural Area Programme on Investment and Development (RAPID), which aims to empower youth and women-led businesses in underserved regions. RAPID is to provide capital and opportunities to rural communities, in addressing challenges like rural-urban migration. The Managing Director ofContinue Reading

FG unveils software to showcase Nigeria’s mineral resources to investors

By Martha Agas The Federal Government has unveiled the Nigerian Minerals Resource Decision Support System (DSS), aimed at helping investors make informed decisions in the sector. The Minister of Solid Minerals Development, Dr Dele Alake unveiled the software on Tuesday in Abuja. The DSS is a comprehensive software platform thatContinue Reading

Macroeconomic stability: IMF recommends determined implementation of government’s policy in Nigeria

By Okeoghene Akubuike The International Monetary Fund(IMF) says determined and well-sequenced implementation of government’s policy intentions would pave the way for faster, more inclusive, resilient growth in Nigeria. The IMF said this in a statement at the conclusion of its Executive Board’s 2024 Article IV Consultation with Nigeria, a copyContinue Reading

TotalEnergies launches 100 entrepreneurs for 2024 Startuppers Challenge

By Rukayat Adeyemi TotalEnergies Nigeria has launched the 2024 Startuppers Challenge, which aims to reward 100 entrepreneurs across 32 African countries. The Managing Director of TotalEnergies Marketing Nigeria Plc, Dr Samba Seye, announced this at the virtual launch of the fourth edition of the challenge on Thursday. According to him,Continue Reading

ACCI tasks officials on prosperity of business community

By Lucy Ogalue The President, Abuja Chamber of Commerce and Industry (ACCI), Emeka Obegolu, has charged its newly inaugurated Governing council members to ensure prosperity of Nigeria’s business community. Obegolu, represented by his 1st Deputy President, Prof. Adesoji Adesugba, said this while inaugurating the Governing Council of ACCI’s Four CentresContinue Reading