British International Investment Channels $75m to MSME Lenders
The green lending programme will increase financing to small-scale green projects across Africa, South and South-East Asia through MSME lenders,
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LG Shares Five Stay At Home Ways To Spice Up Romantic and Fun Ideas For Couples
Cover Image Credit: Google Are you looking for some romantic ideas for a relationship that will make your partner feel special and loved? Do you want to break the routine and add some excitement and fun to your relationship? If you answered yes, then this blog post is for you! We will share with you…
Food Security: FG’s Grain Bags Are Free – Kyari
” The grains in seven locations of strategic reserves, are now being bagged for onward delivery to the National Emergency Management Agency (NEMA). The Minister of Agriculture and Food Security, Senator Abubakar Kyari, said that the Ministry is in the final stages of releasing 42,000 metric tonnes of assorted food commodities to support the vulnerable…
Naira Exchange Rates Tuesday, August 4
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1,410 Sell ₦1,420 GREAT BRITISH POUND (GBP) Buy ₦1, 890 Sell: ₦1,910 EURO (EUR) Buy ₦1,590 Sell ₦1,610 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205 GHANA CEDI (GHS)…
Dangote Cement’s Cote D’Ivoire, Itori Surging African Outputs to 61MTA
• Dangote Cement 2024 AGM photo Dangote Cement Plc is adding 9 million metric tons (MTA) annual capacity to bring its combined outputs in Nigeria and in other African countries to 61 MTA. The company’s Chairman, Aliko Dangote, disclosed this during the 2024 annual general meeting held in Lagos. Dangote told the shareholders and the directors…
MAN Condemns EFCC’s Gestapo Style of Securing Documents From Industries
The Manufacturers Association of Nigeria (MAN) has condemned the EFCC’s Gestapo Style of invasion of Dangote Industries Limited HQ in its quest for foreign exchange allocations document. ” It wasn’t the best way to make enquiries and secure documents from existing domestic investors in the economy,” said MAN, today, in a position statement, signed by…
CPPE Calls for Reform of Nigeria’s DFIs, Cites Structural Weaknesses
The Central Bank of Nigeria should function primarily as a catalyst, refinancer and risk-sharing institution, while Development Finance Institutions and participating financial institutions handle credit appraisal, lending and loan recovery
After Ogun State, Afreximbank Sites Another African Quality Assurance Center in Imo State
So far, the Bank and ARSO have harmonized over 500 standards in the automotive, medical, and pharmaceutical equipment sectors.
BoI Chief Exposes Nigerian Capital Market’s Capacity To Mobilise Long-Term Funding
Bank of Industry Limited (BoI) said that the domestic capital market has the capacity to mobilise long-term funding for productive investment in the country. The Managing Director/Chief Executive, BoI, Dr. Olasupo Olusi, expressed the conviction citing the oversubscription of the bank’s maiden N250 billion Series 1 Fixed Rate Bond, by domestic institutional investors within five…
Nigeria Can Stop $600m Annual Sugar Importation – NACETEM
NACETEM is currently awaiting the Federal Executive Council approval on some of its innovative policies including commercialisation of some research outputs