AfDB approves $4.8m for AfCFTA, Nigeria assesses impact
The board of the African Development Bank has approved an institutional support grant of $4.8m to the African Union, to accelerate the momentum of the African Continental Free Trade Area…
Nigeria: Free Trade Agreement Implementation May Drag Till June 2020
Despite the ratification of the African Continental Free Trade Area (AfCFTA) Agreement by 22 countries, the delay by four countries in depositing their instruments, as well as other trade issues…
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…