President of African Development Bank (AfDB), Dr Akinwumi Adesina

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By Lucy Ogalue The African Development Bank (AfDB) and InterAmerican Development Bank (IDB) have welcomed International Monetary Fund’s (IMF) Executive Board’s approval of the use of Special Drawing Rights (SDRs) for Hybrid Capital Instruments. The AfDB in a statement, said the IMF approval allowed countries to channel SDRs through multilateralContinue Reading

Senior officers of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) writing Computer-Based Test (CBT) at JAMB headquarters in Bwari, Abuja

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By Vivian Emoni The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), in collaboration with Joint Admission and Matriculation Board (JAMB), on Thursday conducted 2024 staff promotion exercise for senior officers of the commission with Computer-Based Test (CBT). The News Agency of Nigeria (NAN) reports that the officers who participated inContinue Reading

Afreximbank logo

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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 products

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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

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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

Executive Director, Micro, Small and Medium Enterprises, Bank of Industry, Shekarau Omar; Executive Director, Public Sector/Intervention Programmes, Bank of Industry, Mabel Ndagi; Managing Director, Bank of Industry, Dr Olasupo Olusi; Executive Director, Large Enterprises, Bank of Industry, Simon Aranonu and Executive Director, Corporate Services, Bank of Industry, Usen Effiong at the soft launch of the Bank of Industry’s Rural Area Programme on Investment for Development (RAPID) initiative in Lagos

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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

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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