Taiye Olaiyemi The Development Bank of Nigeria (DBN) says it is expanding its support for Micro, Small, and Medium Enterprises (MSMEs) by growing its outstanding loan portfolio to over N1.8 trillion. Its Managing Director, Mr Tony Okpanachi, told newsmen in Lagos that the move aligns with the bank’s five-year strategicContinue Reading
By Martha Agas The Chinese Ambassador to Nigeria, Yu Dunhai, has revealed that plans are underway to establish electric vehicle factories and other manufacturing ventures in Nigeria. Dunhai disclosed this to the Minister of Solid Minerals, Dr Dele Alake at a recent bilateral meeting. Alake’s Special Assistant on Media, SegunContinue Reading
By Ginika Okoye Many butchers and consumers of beef in the Federal Capital Territory (FCT) have decried the rising cost of cattle in the market. Some of them who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said the high cost was due to the currentContinue Reading
By Tiamiyu Arobani Prof. Banji Oyelaran-Oyeyinka, Senior Special Advisor to the President of African Development Bank on Industrialisation has advocated for sustained investment in education and technology for Nigeria’s industrialisation. Oyelaran-Oyeyinka stated this at a lecture titled: “Divergent Outcomes: Asia and Africa Development Strategy” at the London School of EconomicsContinue Reading
By Rukayat Moisemhe Experts have charged women and youth entrepreneurs to embrace skills development and collaboration to increase their contributions to the country’s economic growth and development. They gave the advice at the Nigerian- British Chamber of Commerce (NBCC) graduation/induction of NBCC Women and Youth Entrepreneurship Development Initiative (WYEDI) onContinue Reading
By Vivian Emoni The 4th Joint Meeting of ECOWAS Ministers of Trade and Industry has concluded with a strong call for economic diversification, industrial growth and regional collaboration. Dr Jumoke Oduwole, Minister of Industry, Trade and Investment, at the meeting on Friday in Abuja, said that the collaboration was toContinue Reading
By Grace Alegba The Naira ended the trading week on a positive note, recording a bullish close on Friday at the official foreign exchange market. It appreciated to N1,598.72 against the U.S. Dollar, reflecting a modest gain that suggests continued efforts to stabilise the local currency. According to figures publishedContinue Reading
By Nana Musa The Nigerian Mining Cadastre Office (MCO) says synergy within the ECOWAS region on mining will boost investment opportunities in the sector. The Director-General of MCO, Mr Obadiah Nkom said this when a high-level ECOWAS delegation visited the organisation on Friday in Abuja. The ECOWAS delegation was ledContinue Reading
By Kadiri Abdulrahman The Federation Account Allocation Committee (FAAC) has shared N1.681 trillion, being April revenue among the Federal Government, states and the local government councils (LGCs). This is according to a communiqué made available by Bawa Mokwa, the Director, Press and Public Relations, Office of the Accountant-General of theContinue Reading
By Abiodun Lawal The Ogun II Area Command of the Nigeria Customs Service says it has generated over N15billion revenue between January and April. Customs Area Controller, Mr Bisi Alade, disclosed this at a news conference in Abeokuta on Friday. Alade noted that the command’s collective efforts and dedication to dutyContinue Reading
