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
Accordingly, the bank is partnering with the Ogun State government to drive fabric processing finance amid its objective of turning raw materials into finished goods.
The annual summit of the Africa CEO Forum is the largest international meeting of the African private sector.
Aluminium prices climbed around six per cent in early trading on Monday after Iran attacked two major plants in the Gulf that produce the widely used metal, raising concerns over supply disruptions, according to AFP. Gains later reduced, though prices were still up 4.2 per cent at $3,435 per tonne on the London Metal Exchange….
Moniepoint Microfinance Bank, and Moniepoint Inc, have won two distinguished awards at the prestigious 2023 Brandcom Awards ceremony held in Lagos. Whike Moniepoint Microfinance Bank wonthe “Award for the Most Outstanding Microfinance Bank in Consumer Engagement,” Moniepoint Inc scooped the “Award for the Most Outstanding Fintech Company in Financial Inclusion.” Commenting on the awards, Didi…
The Manufacturers Association of Nigeria (MAN) has observed that more than ten years after, the privatization of the electricity industry has not yielded the desired results for the economy. ” The advice would be that the government should conduct a review of the performance of the DisCos after the last unwarranted increase; conduct a study…
Official:
US DOLLAR (USD) ₦1,370.46
Black Market :
US DOLLAR (USD) ₦1, 400
From this group, three outstanding performers will receive mentorship and a ₦10 million seed capital grand prize, with full support to launch a beer distribution business.
Prof Mojisola Adeyeye, NAFDAC’s Director-General has admitted that the agency doesn’t have enough staff to effectively carry out its regulatory responsibilities across the country. In a comparison of the agency’s staffing situation with that of Indonesia, she said that with a population of 280 million, Indonesia has 20,000 staff at its regulatory agency, while Nigeria,…
Other highlights of the meeting was preparations for the 2026 World Public Relations Forum (WPRF) scheduled for November in Abuja.
