UBA, EIB seal deal on private sector financing
The European Investment Bank and United Bank for Africa have signed an agreement to support private sector investment across Nigeria. The development will allow UBA to provide longer term funding to private companies in Nigeria. In a statement by UBA,…
FG releases N3.9tr, more than half of 2016 budget to MDAs –Finance Minister
Finance Minister, Mrs. Kemi Adeosun, has said that at the end of September, N3.9 trillion out of the N6.1 trillion budgeted for the year has been released. Director, Special Projects in the ministry, Mr. Mohammed Dikwa, who represented the minister,…
CBN denies credit crisis in 7 banks
The Central Bank of Nigeria (CBN) has refuted the claims by a Dubai-based international financial group that about seven Nigerian banks are at the risk of collapse while two are already down. These were part of the resolutions of yesterday’s…
FG assures total review of tax system to encourage investments
Vice President, Prof. Yemi Osinbajo has assured surviving local manufacturers, business owners and foreign investors on the readiness of the federal government on improving ease of doing business in the country. He said the idea is to accelerate Nigeria’s economic…
CBN committed to sustainable exchange rate regime—Gov
The Central bank of Nigeria (CBN) has once again reassured Nigerians that the institution will continue to do the needful in the struggle to drive the economy to sustainable development. The Director, Monetary Policy Department of the Central Bank of…
Senate halts proposed sale of N309m bond for NERC
The Senate, yesterday, ordered the Federal Government to stop the proposed sale of bonds worth N309 billion to finance the shortfall in the Nigerian electricity market. The motion was sponsored by Mustapha Bukar, who is the Senator representing President Muhammadu…
VP says FG targeting N1trn for housing delivery
Vice President Yemi Osinbajo has disclosed that the Federal Government is working with stakeholders to raise N1 trillion to provide affordable housing for Nigerians. Osinbajo disclosed this yesterday at the 22nd Nigerian Economic Summit in Abuja where he chaired a…
C/River now seating on N1.3trn investment, says Gov
Cross River Governor, Prof. Ben Ayade has said his Economic Roadmap has so far attracted ₦N1.3 trillion worth of investments into the state. Revealing the cheering news while addressing members of Traditional Rulers Council from the 18 local governments in…
Customs invades Lagos markets, impounds 6 trailer loads of smuggled rice
Less than three days of confusion rising from false information on lifting ban on the importation of rice via land borders, operatives of the Nigeria Customs Service (NCS) have stormed some markets in Lagos in search of smuggled rice. As…
Top 10 Int’l Private Investors in Nigeria now revealed, Lebanese lead chat
The latest edition of The Top10 Magazine has released the list of the top ten international private investors in the Nigerian economy. Lebanese investors seemed to be on the high side as the Magazine named the Chagoury brothers, Gilbert and…
