Business/Finance

Sec Plans To Reveal Recapitalization Framework For

Alternative Bank Partners With Uk To Launch Electric Transport In Kano

The Alternative Bank in collaboration with the United Kingdom’s Foreign, Commonwealth & Development Office and Qoray Mobility, have unveiled an electric tricycle programme for women in Kano State. According to a statement from the bank on Thursday, the initiative was aimed at enhancing the security of women in the state by providing them w ... Read more

FG Worries Over N12bn Spent Annually On Airports, Considers Solar

Festus Keyamo (Minister of Aviation and Aerospace Development)

The Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that the Federal Government was spending N1bn monthly to power the Murtala Muhammed Airport, Lagos. He disclosed this on Monday during the ministerial press briefing in Abuja to mark President Bola Tinubu’s first year in office. Keyamo noted that the ministr ... Read more

Manufacturer Saddened Over High Interest Rate On Businesses

George Onafowokan (Managing Director of Coleman Technical Industries Limited)

The Managing Director of Coleman Technical Industries Limited, George Onafowokan, lamented deeply over the recent increase in interest rates by the Central Bank of Nigeria (CBN), saying that the impact will have a detrimental effect on manufacturers. While speaking with journalists, he noted that the increase would lead to higher borrowing costs ... Read more

AfDB Pushes For Financing Architecture Review To Save Nigeria, Others $75b Yearly

Worried over the high cost of financing debts on the continent, the African Development Bank (AfDB) Group is requesting for the review of the global financing architecture to which African countries are exposed and racking up debts. The group, at the opening of the 59th Annual General Meeting in Nairobi, Kenya, yesterday, said the reform could s ... Read more

FG: 378MW Imo Power Plant Is Near Completion

 Adebayo Adelabu (Minister of Power)

The Federal Government has disclosed the accelerated completion of the 378.3 megawatts Egbema Power Plant in Imo State, saying it is currently 70 per cent completed. The Minister of Power, Adebayo Adelabu, disclosed this at the weekend during an inspection visit to the power plant, commending the Governor of Imo, Hope Uzodinma, for his dedicatio ... Read more

FG Ready To Address Homeownership Challenges

Ahmed Dangiwa (Minister of Housing and Urban Development)

The Minister of Housing and Urban Development, Ahmed Dangiwa, has expressed his readiness to eliminate barriers hindering a large scale of homeownership in the country. While speaking at the unveiling ceremony for the Renewed Hope Housing Delivery Portal held at ministry headquarters in Abuja recently, the minister said the government was ready ... Read more

CBN Directs Bureau De Change Operat

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has directed all Bureau de Change operators (B ...
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Only Two Per Cent Of Investments Is

Aisha Dahir-Umar (PenCom Boss)

The National Pension Commission (PenCom) has disclosed that only two per cent of ...
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Tinubu Okays a $100m Investment In

According to the Federal Ministry of Petroleum Resources, on Friday, the Preside ...
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CBN Raises Interest Rate To 26.25 P

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has announced increase in interest rate by 150 ...
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CBN Boost Remittances, Approves 14

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has granted approval-in-principle (AIP) to 14 ...
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