5 h. ago Africa could generate $133bn if $80bn trade finance gap closed – GHIB

Dean Adansi, Chief Executive Officer of Ghana International Bank (GHIB), has unveiled a financing blueprint aimed at breaking Africa’s heavy read more Africa could generate $133bn if $80bn trade finance gap closed – GHIB

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14 h. ago Ethiopian Airlines, African Development Bank to finance Africa’s largest aviation project

Ethiopian Airlines Group (EAG) and the African Development Bank (AfDB) have signed a landmark mandate letter appointing the Bank as read more Ethiopian Airlines, African Development Bank to finance Africa’s largest aviation project

Politics

41 h. ago CBN Reaffirms Commitment to Financial Inclusion, Price Stability

The Central Bank of Nigeria (CBN) has restated its commitment to driving financial inclusion, stimulating productivity, and delivering on its core monetary and price stability mandate. Speaking at the CBN Fair in Lagos, themed “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development”, the Bank’s acting Director, Corporate Communications, Mrs. […]

Politics

41 h. ago AltBank Mobilises Traders, Farmers To Drive Financial Inclusion

As part of its efforts to drive financial inclusion in the country, particularly among the underserved, The Alternative Bank, through Sterling Financial Holdings Company, is partnering with the Association of Market Women/Men and Farmers of Nigeria (AMWMF) to address the challenges faced by millions of market women, men, and farmers who have long been excluded […]

Politics

46 h. ago IFC, FCMB partner to unlock opportunities for Nigerian women entrepreneurs

By Chukwuma Umeorah First City Monument Bank (FCMB) has teamed up with the International Finance Corporation (IFC) to launch the Goldman Sachs 10,000 Women programme in Nigeria, aimed at strengthening entrepreneurship and driving business growth. The Goldman Sachs 10,000 Women initiative is a global platform designed to spur economic development by equipping entrepreneurs with practical […] The post IFC, FCMB partner to unlock opportunities for Nigerian women entrepreneurs appeared first on The Sun Nigeria.

Politics

58 h. ago Rethinking the Electricity Act, 2023: From yesterday’s logic to tomorrow’s markets

For decades, Nigeria has lived in a bitter contradiction: one of Africa’s largest economies, abundant energy resources, and a globally read more Rethinking the Electricity Act, 2023: From yesterday’s logic to tomorrow’s markets

Politics

59 h. ago Alternative Bank Partners With AMWMF, Empowers Traders, Farmers

With a focus on improving access to banking services, the Bank is providing critical financial support to some of Nigeria’s most underserved communities. The post Alternative Bank Partners With AMWMF, Empowers Traders, Farmers appeared first on Channels Television.

Politics

66 h. ago FG, AfDB laud SAGLEV for producing electric vehicles in Nigeria

From Moses Akaigwe SAGLEV Electromobility Company Limited, the assembly plant in Imota area of Ikorodu, Lagos, established for the production of electric vehicles, has earned the support of both the Federal Government and the African Development Bank (AfDB). During recent visits to the facility, the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole and […] The post FG, AfDB laud SAGLEV for producing electric vehicles in Nigeria appeared first on The Sun Nigeria.

Politics

3 d. ago World Bank approves $300m to support displaced Nigerians, host communities

The World Bank has approved $300 million in financing for a development initiative aimed at addressing the long-standing displacement. read more World Bank approves $300m to support displaced Nigerians, host communities

Politics

4 d. ago AfDB to lead in $7.8bn financing mobilisation for Africa’s largest airport project

Tribune Online AfDB to lead in $7.8bn financing mobilisation for Africa’s largest airport project airport's first phase will include two runways and infrastructure to accommodate 60 million passengers annually, significantly AfDB to lead in $7.8bn financing mobilisation for Africa’s largest airport project Tribune Online

Politics

4 d. ago Niger unveils 30,000 metric ton shea butter processing plant

Tribune Online Niger unveils 30,000 metric ton shea butter processing plant The largest shea butter processing facility in Africa, with an annual production capacity of 30,000 metric tons, has been established in Niger State. Niger unveils 30,000 metric ton shea butter processing plant Tribune Online

Politics

4 d. ago ExxonMobil To Provide Investment Insights In Nigeria’s Deepwater Frontier At 2025 AEW

ExxonMobil, is set to underscore its long-term commitment to Africa’s burgeoning energy sector and with specific commitments in Nigeria’s deep water frontiers. The company will give the highlights at the highly anticipated 2025 African Energy Week (AEW) conference in Cape Town. Nigeria, Africa’s largest oil producer, remains a cornerstone of ExxonMobil’s West African operations. The […]

Politics

5 d. ago Nigeria’s beer makers pull off N132bn profit after years of losses

Beer makers in Africa’s largest consumer market are swimming in profits, helped by a stable naira and more local sourcing read more Nigeria’s beer makers pull off N132bn profit after years of losses

Politics

6 d. ago ADC to Tinubu: Bandit tax in Zamfara, Kwara ghost town signs of state failure

Tribune Online ADC to Tinubu: Bandit tax in Zamfara, Kwara ghost town signs of state failure We are dismayed that this could be happening in a country with one of the largest defence budgets in Africa, yet our farmers are left to bargain with warlords.... ADC to Tinubu: Bandit tax in Zamfara, Kwara ghost town signs of state failure Tribune Online

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7 d. ago Dangote Sees Growth In Export Of Refined Products With $1.35Bn Afreximbank’s Deal

The president/chief executive of Dangote Industries Limited, Aliko Dangote, has said the company’s refinery project will  sustain capacity utilisation and expansion after it secured a $1.35 billion deal from the African Export-Import Bank (Afreximbank). Dangote said, “Afreximbank’s contribution to this milestone financing underscores our shared vision to industrialise Africa from within. This refinancing strengthens our […]

Politics

7 d. ago NDIC Pays N54.62bn To 691,418 Customers Of Defunct Heritage Bank

The Nigeria Deposit Insurance Corporation (NDIC) has announced the payment of N54.62 billion to 691,418 depositors of the defunct Heritage Bank, less than a year after the financial institution was closed. The NDIC also disclosed it had declared a liquidation dividend of 9.2 kobo per Naira for uninsured depositors of the bank. This was revealed […]

Economics

1 week ago Oyo targets 100,000 jobs as Ijaiye Agribusiness Devt Hub takes off

Kashim Shettima, Vice-President of the Federal Republic of Nigeria, Akinwumi Adesina, President, African Development Bank (AfDB) and Seyi Makinde, Governor read more Oyo targets 100,000 jobs as Ijaiye Agribusiness Devt Hub takes off

Politics

3 w. ago Investors’ Appetite Rises For Nigerian Bonds Despite Liquidity Strain

There is a renewed interest in Nigerian fixed income instruments, as investors begin to increase their positions across the bond curve despite prevailing liquidity constraints in the financial. Treasury Team Lead at Access Bank, Kolawole Komolafe, in an interview on CNBC, said the renewed demand though measured is reflective of shifting sentiment as investors recalibrate […]

Politics

4 w. ago AfDB, FG, Partners Unveil $263.8m Infrastructure Project To Develop Abia

The African Development Bank, (AfDB) in partnership with the Islamic Development Bank, (IDF) Federal Government of Nigeria and the Abia State, has launched the Abia State Integrated Infrastructure Development Project. The project is a transformative $263.8 million initiative to modernise urban infrastructure, enhance mobility, and promote inclusive, climate-resilient development, according to a statement that was […]

Politics

4 w. ago Stanbic IBTC Signs CNY800m Loan Partnership With China Development Bank

Stanbic IBTC Bank, has signed a three-year, CNY800 million term loan agreement with China Development Bank (CDB). This landmark facility, executed under the strategic collaboration framework between the  Standard Bank Group (SBG) and CDB, marks a significant milestone in deepening financial cooperation between Africa and China. The facility underscores Stanbic IBTC Bank’s direct access to […]

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