Banks begin disbursement of creative industry intervention fund
The Bankers Committee of the Central Bank of Nigeria has said it is set to commence the disbursement of funds under the Creative Industry Financing Initiative. The decision to commence…
Foreign investment into Nigeria drops by 43% – UN report
Foreign direct investment in Nigeria, Africa’s top oil producer, plunged by 43 per cent to $2bn, according to a United Nations report. Reuters reported recently that investors were put off…
Industrial zones in 10 states record impressive Q1 performance
Industrial zones in 10 states of the federation recorded impressive performance and showed strong growth potential in the first quarter of the year, according to data from the Manufacturers Association…
NEXIM, others tackle maritime infrastructure to boost exports
By virtue of its human and natural resources endowment, Nigeria has the potential to become a major player in the global economy. However, this potential has remained relatively untapped over…
Nigeria: AfDB Invested $1bn On African SMEs, Others – Adesina
The African Development Bank (AfDB) has so far invested about $1 billion on small businesses and infrastructure in Africa, President of the bank, Dr. Akinwunmi Adesina, has said. Dr. Adesina…
Nigeria to Benefit From $225m World Bank Off-Grid Support Fund
Lagos — Nigeria has been named among countries in the West Africa sub-region to benefit from off grid support programme by the World Bank. The board of the World Bank…
Nigeria: Govt to Inaugurate Rail Cargo Delivery in Kaduna Inland Dry Port
The Federal Government has concluded plans to introduce cargo delivery by rail to the Kaduna Inland Dry Port. Mr. Tahir Idris, Director, Special Duties, Nigerian Shippers Council (NSC) said in…
Fintech: CBN to establish collateral management regime
In order to encourage more innovations in the payment system, the Central Bank of Nigeria, is putting in place a Collateral Management Regime to regulate the activities of Fintech firms…