30 results
- 5 May 2009
Diamond Bank Supports Oil Sector Conference
Diamond Bank Plc has reaffirmed its commitment and support for the development and growth of the oil and gas industry as it emerged the official banker to the Nigerian delegation to the Offshore…
- 11 May 2022
Bank Loans to Govt Hit N16.32Trillion- CBN
Central Bank of Nigeria (CBN) has said that total net credit by the Nigerian banking sector to the government increased by N2.2tn in the first quarter ended March 2022 to N16.32 trillion According to…
- 21 Oct 2025
Banks' Funding Failure: The Shocking Rot In Nigeria's Intervention Programmes
By Blaise Udunze For over a decade, the Nigerian government and its financial institutions have launched a flurry of intervention funds, all with the promise to empower industries, revive the…
- 24 Aug 2018
CBN Unveils New Guidelines for Credit to Manufacturing, Agric
The Central Bank of Nigeria (CBN) plans to increase the flow of credit to the real sector of the economy to consolidate and sustain the nation’s economic recovery. To this end, the apex bank on…
- 29 Sept 2016
Nokia Tests Drone-Based Smart City Traffic Management Facility
Nokia “Networks” is to support Europe's first dedicated testing facility for the use of unmanned aerial vehicles (UAV) for traffic management. The facility, at Twente Airport, near Enschede in the…
- 18 Oct 2014
AMFacilities Releases World Facility Management Day 2014 Compendium
Nigeria’s leading Facilities Management Company, Alpha Mead Facilities Management & Services Limited, AMFacilities, has released the compendium of discussions at the 2014 Nigerian FM Roundtable.…
- 1 Dec 2020
CBN Releases Excess Cash Reserve Requirement to Improve Liquidity
Central bank of Nigeria (CBN) has approved the release of cash reserve requirement through the issuance of CBN Special bills. The apex bank says this measure will improve liquidity in Nigeria’s…
- 28 Apr 2015
IFC Boosts Zenith Bank’s Lending Portfolio with $100m
IFC, a member of the World Bank Group, yesterday signed an agreement to provide a $100 million loan facility to Zenith Bank Plc, to increase its lending to a variety of important economic sectors,…
- 29 Apr 2026
IFC, Standard Chartered Partner on Supply Chain Finance to Support African Businesses
The World Bank Group, through its private sector arm – the International Finance Corporation (IFC) – and Standard Chartered today announced a new risk sharing facility aimed at strengthening supply…
- 18 Jun 2013
AfDB President Applauds G8’s Emphasis on Greater Transparency in Taxation
Donald Kaberuka, president, African Development Bank (AfDB) on Monday applauded the G8 for its emphasis on the issues around resource mobilization through greater transparency in taxation of Africa’s…
- 23 Sept 2020
CBN Disburses N3.5tr COVID-19 Intervention Cash
Central Bank of Nigeria (CBN) had disbursed N3.5 trillion to different sectors of the economy to cushion the effects of the Coronavirus pandemic. Mr. Godwin Emefiele, CBN governor It will also…
- 13 Dec 2018
Heirs Holdings Inks $600m Facility Deal with Afrexim Bank, to Scale its Energy Investments.
African Export-Import Bank’s (Afrexim), has signed financing facilities totalling US$600 million with the Heirs Holdings Group, a pan-African proprietary investment holding company. This is as…
- 18 Jul 2022
AfDB grants SEC $460,000 Facility to Boost Automation Project
In an effort to modernise Nigeria’s capital markets and support its economic transformation driven by private sector investment, the African Development Bank (AfDB) Group has signed a grant valued at…
- 20 Jun 2022
Investors Worry about Banks’ N814Bn Non-Performing Loans
Investors at the weekend, urged government to stimulate economic activities, particularly, in ensuring security and facilitating the movement of agricultural produce as well as the seamless export of…
- 17 Jan 2022
Periculum Launches in Nigeria, Set to Build Credit Assessment Infrastructure for Africa
The availability of domestic credit is a key requirement for consistent economic growth in developing countries. The vitality of financial services such as banking, savings, debt and equity…
- 24 Jan 2022
IFC Extends Financing to GTBank to Support SMB in Kenya
To help Kenyan businesses access more financing, including those with cash flows disrupted by the COVID-19 pandemic, IFC has extended a loan to Guaranty Trust Bank (Kenya) Ltd, a subsidiary of the…
- 27 Dec 2021
Foreshore Waters Secures N2.4bn BOI Facility
Foreshore Waters Limited (FWL) has secured a N2.4 billion loan facility from the Bank of Industry (BOI) to support the company’s growth and expansion plans. A Director in the company, Christiana…
- 25 Oct 2019
Standard Chartered, IFC Create $1B Facility to Boost Trade Finance in Emerging Markets
Standard Chartered and International Financial Corporation (IFC), a member of the World Bank Group, have established a US$1.0 billion facility to boost trade finance in emerging markets, helping to…
- 9 Jun 2026
Report Faults Banks over N91.1 Trillion Sterilised at CBN
A report by the Alliance for Economic Research and Ethics (AERE), has criticised commercial banks for abandoning their core intermediation role to support economic growth as N91.1 trillion remained…
- 20 Apr 2010
Building Capacity to Sustain Telecom Growth
The telecom sector is presently undergoing speedy transformation on account of explosive growth and rapid infrastructure development. The liberalization of telecom sector along with increased…
- 19 Jul 2025
Prateek Suri CEO Maser Meets Zambia’s Education Minister to Propel Student Housing and Education Projects
Prateek Suri, CEO of MASER and recognized as the richest Indian entrepreneur in Africa, was welcomed this week by Zambia’s Education Minister, Hon. Douglas Munsaka Syakalima, for a high-level meeting…
- 20 Mar 2025
AfDB Provides €5m Grant to IITA to Advance Agricultural Transformation in Africa
The African Development Bank has provided a €5 million grant in supplementary financing to the International Institute of Tropical Agriculture (IITA) to advance food security and climate-resilient…
- 30 Mar 2012
JMR Infotech Expands Footprints with West African Office
JMR Infotech, formerly known as TRASSET Services Group, has announced the opening of its subsidiary in Nigeria, as part of the company’s expansion plans in the key emerging markets. The company, is…
- 31 Aug 2010
CBN Releases Guidelines for N300 Billion Power, Aviation Intervention Fund
The Central Bank of Nigeria (CBN) has announced the establishment of N300 Billion Power and Aviation Intervention Fund as well as the release of guidelines for the disbursement of the fund. The apex…
- 30 Nov 2009
Galaxy Backbone, NPHCDA Pen Deal on Internet Access
National Primary Health Care Development Agency (NPHCDA) and the Galaxy Backbone PLC, an ICT infrastructure development company, have signed a Memorandum of Understanding (MoU) for the provision of…
- 21 Aug 2026
NITDA, North West University Move to Deepen Digital Transformation
National Information Technology Development Agency (NITDA) and North West University have commenced discussions aimed at strengthening digital capacity, research, innovation and technology-driven education in the institution.
- 25 Nov 2021
Emefiele Flags-off TIE Scheme
Mr Godwin Emefiele, Central Bank of Nigeria (CBN) Governor, yesterday, officially flagged off the Tertiary Institutions Entrepreneurship Scheme (TIES), an intervention of the apex bank aimed at…
- 14 May 2023
FBNQuest Facilitates Transactions in Commercial Paper Programmes
FBNQuest, the investment banking and asset management subsidiary of FBN Holdings Plc., has continued to play a pivotal role in supporting transactions towards the growth of commercial paper issuances…
- 24 Feb 2015
ConnectNigeria Panelists Urge SMEs to Leverage Mobile Money, eCommerce
It is an obvious situation that the Small and Medium Enterprises (SMEs) are confronted with several challenges which hamper their growth and the nation’s economic development. Chiefly among the…
- 18 Nov 2013
World Bank Pledges Support to Nigeria’s Data System
Alain Gaugris, a Senior Statistician, World Bank, has expressed the commitment of the Bank to supporting and positioning Nigerian Statistical System (NSS) to enable it contribute meaningfully to the…