Business Archives - Page 6 of 20

World Bank approves $500m credit for Nigeria’s smallholder farmers

April 3, 2026

Federal Ministry of Finance announced on Friday that the World Bank approves $500m credit for Nigeria to expand support for smallholder farmers and strengthen agricultural value chains. The financing is aimed at addressing critical gaps in productivity, market access and rural financial inclusion. The approval comes from the International Development Association (IDA), the concessional lending...

NSIA infrastructure funding set to boost power and ports projects

April 3, 2026

The NSIA infrastructure funding initiative aims to support major power, ports, and transport projects across Nigeria. The Nigeria Sovereign Investment Authority (NSIA) said the initiative will mobilise private capital for large-scale infrastructure. NSIA Managing Director Aminu Umar-Sadiq explained that the programme will operate through the Nigeria Infrastructure Finance Guarantee Platform (NIFGP), designed to de-risk investments...

Pension investment consortium proposed to tackle infrastructure gap

April 2, 2026

Nigeria’s pension industry has proposed the creation of a pension investment consortium to mobilise long-term capital for infrastructure development and address the country’s widening funding gap. The proposal was presented by industry stakeholders as part of ongoing discussions on improving the role of pension funds in national economic development. The initiative is designed to pool...

Africa illicit flows cost $88bn yearly, Edun urges urgent action

April 1, 2026

Nigeria’s Finance Minister, Olawale Edun, has called for urgent measures to address Africa illicit flows, which cost the continent an estimated $88 billion annually. Speaking at the Fifth Sub‑Committee on Tax and Illicit Financial Flows of the African Union, Edun described these outflows as a significant barrier to economic growth and public development. The event, held...

Satellite plan execution begins ahead of 2028, 2029 launches

March 31, 2026

New satellite plan execution has commenced as the Federal Government advances Nigeria’s next communication satellite programme, with launches scheduled for 2028 and 2029. The move signals a transition from planning to implementation in the country’s space and digital infrastructure strategy. The Managing Director of NIGCOMSAT Limited, Jane Nkechi Egerton-Idehen, disclosed the development during the 2026...

N4.6trn banks recapitalisation sparks sectoral battle for funds

March 30, 2026

N4.6trn banks recapitalisation has intensified a sectoral battle for funds as Nigerian banks race to mobilise capital ahead of the March 31, 2026 regulatory deadline. The mobilisation of about N4.6 trillion has shifted focus from fundraising to strategic deployment into productive sectors, marking a critical phase in the Central Bank of Nigeria’s recapitalisation programme. The recapitalisation exercise, initiated...

94% of Nigerians are financially insecure, PiggyVest report shows

March 27, 2026

94% of Nigerians are financially insecure, a new report by PiggyVest has found, painting a stark picture of household financial health in Nigeria and highlighting widespread vulnerability across the economy. The findings were presented during a round‑table discussion on the 2025 PiggyVest Savings Report, attended by financial experts and policymakers in Lagos. The report, compiled...

CBN blacklists top loan defaulters, restricts their banking access

March 27, 2026

The CBN blacklists top loan defaulters in a recent regulatory move aimed at strengthening credit discipline across Nigeria’s banking sector. The Central Bank of Nigeria (CBN) directed banks to restrict access to additional credit and certain banking services for large borrowers whose loan obligations have been classified as non‑performing. The directive was issued in a...

Business

MAN Urges Africa to Boost Industrial Growth Through Value Addition

March 24, 2026

The Manufacturers Association of Nigeria has called on African countries to prioritise value addition in their production processes as a means of strengthening industrial capacity and economic growth. The association said Africa continues to export large volumes of raw materials while importing finished goods, a pattern it described as limiting the continent’s industrial development. It...

FG Attracts Over $2.6bn FDI into Solid Minerals in Two Years

March 24, 2026

The Federal Government has attracted over $2.6 billion in foreign direct investment into Nigeria’s solid minerals sector within the last two years, the Minister of Solid Minerals Development, Dele Alake, has said. Alake disclosed this while outlining developments in the sector, noting that reforms introduced by the government have focused on repositioning solid minerals as...

What's hot

ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

Tinubu Re-Election Project Is My Number One Priority, Oborevwori Declares

Latest News

World Bank approves $500m credit for Nigeria’s smallholder farmers

NSIA infrastructure funding set to boost power and ports projects

Pension investment consortium proposed to tackle infrastructure gap

Africa illicit flows cost $88bn yearly, Edun urges urgent action

Satellite plan execution begins ahead of 2028, 2029 launches

N4.6trn banks recapitalisation sparks sectoral battle for funds

94% of Nigerians are financially insecure, PiggyVest report shows

CBN blacklists top loan defaulters, restricts their banking access

MAN Urges Africa to Boost Industrial Growth Through Value Addition

FG Attracts Over $2.6bn FDI into Solid Minerals in Two Years

Must Read

Digital Identity Expansion Positions NIN as a Platform for Financial Inclusion

Lagos Creative Ecosystem Ignites Innovation at CcHUB Gathering

New Vice Chancellor Sets Reform Agenda for Alex Ekwueme Federal University

Senate Hearing on Death Penalty Reopens Debate on Justice and Public Safety

Popular Posts

ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

Get in Touch

Most popular

Education

Governance

Technology

Uncategorized

Links