NAMB Initiates Recapitalisation Review of MFBs after Revocation.
The National Association of Microfinance Banks (NAMB) has directed all licensed MFBs nationwide to update it on their recapitalisation status…
Day: May 30, 2023
Kenya Reignites African Nations’ Push to Abandon the Dollar.
President William Ruto has challenged African leaders to take the first steps toward abandoning the globally-strong US dollar by joining…
CBN and NCC Commit to Expand Financial Inclusion at RegTech Summit.
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have pledged to work together to increase financial…
FG borrowed N6 trillion from CBN in 2022 – Report.
According to latest data from the Central Bank of Nigeria, the Federal Government borrowed N6.07 trillion from the apex bank…
The CBN Disburses N173 billion Under the 100-for-100 Program.
Since the start of the intervention, the Central Bank of Nigeria has distributed N173.31 billion to recipients under its 100-for-100…
Tinubu States that the Subsidy is no Longer in Effect.
President Bola Tinubu stated on Monday in Abuja that his administration will end the subsidy on petroleum products. “Subsidy is…
Al Ahly Capital is Leading the Expansion of an Egyptian Outpatient Clinic Network.
Dawi Clinics, Egypt’s largest outpatient clinic network, has signed a funding agreement worth EGP 250 million with Al Ahly Capital…
E3 Capital and Lion’s Head Climate Fund Raises $48 million in its First Close to Support African Companies.
The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund launched by early-stage venture capital firm E3 Capital (previously…
Arla Foods Opens a New Facility to Increase Milk Output.
Arla Foods, the creator of Dano Milk, has announced the opening of a cutting-edge dairy farm in Kaduna State as…
Dangote Cement Ibese commissions trucks for biomass waste management, resulting in zero carbon emissions.
Dangote Cement Ibese Plant is acquiring 100 trucks customized for easy transportation of biomass waste from all over the country…
Finance and insurance sectors grow by 26% year on year to boost GDP in Q1 2023.
Despite Nigeria’s challenging business environment, the banking and insurance industries increased real GDP by 26% year on year (YoY) in…
FGN Savings Bond Reaches N5 billion in Five Months – NGX.
According to Nigerian Exchange Limited, overall allotments for FGN Savings Bonds have increased to N5.06 billion in the first five…