CBN grants Edo State N5bn for rice, maize production
Edo State Government has acquired a N5bn loan from the Central Bank of Nigeria (CBN) under the Commercial Agric Credit Scheme, to be invested in rice and maize production across…
U.S.-based medical group plans revamping Nigeria’s healthcare system
A multi-billion-dollar healthcare system in the United States, Montefiore Health System, has expressed readiness to help find a lasting solution to Nigeria’s healthcare problem. President of Montefiore, Prof. Phillip Ozuah,…
MainOne, Facebook Invest $20m on Edo Fiber- Obaseki
Godwin Obaseki, Governor, Edo State, has disclosed that MainOne and Facebook have invested $20m for the development of terrestrial fiber infrastructure in the state. Obaseki made the disclosure in Dubai,…
AfDB approves $15m infrastructure credit for Nigeria
The Board of the African Development Bank has approved a $15m investment package for Infrastructure Credit Guarantee Company, to support infrastructure financing through the domestic debt capital markets in Nigeria.…
Export grant: FG to settle 270 firms with N195bn
The Federal Government was to issue Promissory Notes worth N195.08bn to 270 companies to settle part of the Export Expansion Grant liabilities to exporters. The amount is expected to bring…
World Bank names David Malpass as 13th president
The Executive Directors of the World Bank have unanimously selected David Malpass as the 13th President of the World Bank Group for a five-year term beginning on Tuesday, April 9,…
Nigeria: USAID Launches $300 Million Agribusiness Investment in Nigeria
Nigerian entrepreneur Fajemi Gognaje, 35 years old, started a new business in 2016, selling agricultural inputs like seed and fertiliser. Under a new contract with Cultivating New Frontiers in Agriculture…
Nigeria Attracted $6bn FDI in 3 Months – Central Bank
The Central Bank of Nigeria has said the country attracted $6 billion foreign investments in the first three months of the year. Speaking with journalists at the end of the…
Nigeria to Build Seaports to Ease Gridlock on Lagos’s Shore
Nigeria is building a new deep-sea port and considering two additional facilities to ease congestion in the main harbors of the commercial capital, Lagos, which currently handle about 80 percent…
No new gas projects will be approved without a zero flare policy – NNPC
The Nigerian National Petroleum Corporation (NNPC) has expressed its commitment to a zero gas flare regime for every new gas project, even as it trains its sights on commercializing existing…