The Nigeria Deposit Insurance Corporation (NDIC) has addressed the recent misleading news reports circulating on various social media platforms under the headline “CBN Liquidates 20 Banks – NDIC (Names).” This was disclosed in a conversation made available to Nigerian NewsDirect. …
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, said on Monday, that the FCT Administration was open for discussion with the United Arab Emirates (UAE) on tourism development. Wike stated this when the UAE Ambassador to Nigeria,…
The Afreximbank has signed a 150 million dollar trade finance facility agreement with United Bank for Africa (UBA) PLC, under the Ukraine Crisis Adjustment Trade Financing Programme for Africa.The agreement was signed on the sidelines of the ongoing Intra-African Trade…
The Kingdom of Saudi Arabia is opening its doors to African investors and companies to benefit from the huge investment opportunities provided by the Kingdom’s Vision 2030 mega projects, a resolution from the Saudi-Africa Summit, indicates. The Kingdom, while reiterating…
Afrinvest West Africa Limited will be unveiling the 2023 Nigerian Banking Sector Report in Lagos on Tuesday, November 14, 2023. The report, with the theme, ‘Getting Nigeria to Work Again!’ will be unveiled by noon at the Civic Centre, Victoria…
Vice President Kashim Shettima, has commended Access Bank for offering N30 billion discounted loan to 700,000 Micro Small and Medium Enterprises (MSMEs) in the country. Mr Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of…
The 2023 African Investment Forum (AIF) Market Days boardrooms have secured 34.82 billion dollars in investment interest during its three days session in Morocco. The figure is higher than the 31 billion dollars investment interest secured in 2022. Dr Akinwumi…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, and Saudi Export-Import Bank (Saudi EXIM), a premier export credit agency in the Kingdom of Saudi Arabia, have announced a partnership aimed at strengthening business growth and enhancing economic cooperation between…
The Lagos State Governor, Mr Babajide Sanwo-Olu wooed investors at the African Business Forum, stressing that the State needs more investments in rail infrastructure, airport projects and waterways transportation, among other areas. He said Lagos Government had continuously reviewed its…
A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the South-east zone of Nigeria received the lowest allocation from the 13 percent derivation revenue payment. The 13 percent derivation fund is a fund distributed to oil-producing…
