Outcome of CBN Meeting with IFC
Both the CBN and IFC aim to invigorate Nigeria’s banking industry by fostering the development of financial products that meet the country’s needs and catalyze the financial ecosystem.
Read More
BoI, Katsina Earmarks N5bn For Economic Projects
The N5 billion is made up of an N1 billion managed fund and a N4 billion matching fund, where BOI and the Katsina State Government are contributing N2 billion each.
Food and Beverages Sector in Nigeria Holds Largest Manufacturing Shares
The Food, Beverage, and Tobacco sub-sector, accounted for 34 percent of the entire manufacturing sector in Nigeria and contributed approximately five percent to the GDP in 2022. Mr. Ekuma Eze, the Head of Corporate Affairs & Sustainability at Rite Foods Limited, disclosed this during the 2024 annual general meeting of the Food, Beverage, and Tobacco…
NPA Reduces Entry Time for Export Trucks to 48hrs from 72hrs
Mohammed Bello Koko, MD/CEO of Nigeria Ports Authority in collaboration meeting with the Nigeria Customs Service and Ports stakeholders.
Tinubu Tasks Dev’t Financiers on Investments In Agric, Infrastructure
Nigeria holds the second-largest IFC portfolio in Africa with an active investment portfolio of $2.1 billion as of April 2024
IFC Lends Johnvents Industries $23m for Business Expansions
The Group Managing Director, Johnvents Industries Limited, John Alamu, said, “IFC’s partnership with Johnvents marks another giant step in our commitment to transform Nigeria’s cocoa sector and agriculture industry.
Tetra Pak Says Cuts Carbon Emissions by 20%
The food packaging giant also announced the launch of an aseptic beverage carton featuring a paper-based barrier, reducing its carbon footprint by 33 percent
Abuja Chamber Urges FCT Minister To Develop Idu industrial Estate
ACCI President, Chief Emeka Obegolu, who made the call… commended the minister for his strides in advancing infrastructural development in Abuja but stressed that industries were also looking forward to such in their domains.
Reps to Investigate MDAs Investments in Renewable Energy
In December 2023, the World Bank approved a $750m facility to boost renewable energy in Nigeria, to provide over 17.5m Nigerians with improved access to electricity through distributed renewable energy solutions.
FG Lauds Nedogas’ Kwale Gas Gathering Facility in Delta State
The facility was designed to address one of the most pressing challenges in the energy sector—stranded gas resources, by providing infrastructure for gas gathering, compression, injection, metering and reducing gas flaring in the area.