NEXIM Bank set to boost regional trade following survey, navigational charts of River Niger
Habeeb Adamu
March 22, 2023
By Habeeb Adamu The Nigeria Export-Import Bank (NEXIM), an export credit agency which focuses on the development and expansion of the non-oil sectors of the Nigerian economy, said its efforts to develop regional trade, and promote bulk movement of commodities through the Nigerian waterways has received a boost, following the successful survey and navigational […]
DMO auctions 4 FGN bonds worth N360bn in March
Cynthia EzekweMarch 16, 2023
By Cynthia Ezekwe The Debt Management Office (DMO) has offered four Federal Government of Nigeria (FGN) Bonds valued at N360 billion for subscription through auction in March 2023. According to the DMO, the first offer is a February 2028 FGN bond valued at N90 billion ,a 10-year re-opening, at an interest rate of 13.98 per […]
CBN releases N114bn under 100-for-100 policy
Cynthia EzekweMarch 7, 2023
By Cynthia Ezekwe The Central Bank of Nigeria (CBN) says it has disbursed N114.17 billion to beneficiaries under its 100 for 100 Policy on Production and Productivity (PPP) following the commencement of the intervention. Godwin Emefiele, the governor of the apex bank disclosed this recently in a communiqué after the last monetary policy committee meeting […]
Afreximbank unveils TRADAR Club to promote African trade, investments
Onome AmugeDecember 20, 2022
By Onome Amuge The African Export-Import Bank (Afreximbank) has introduced TRADAR Club, a member-driven network with the goal of empowering international businesses and executives to transform trade and investments in Africa. This was disclosed in a statement signed by Amadou Sall, Afreximbank’s media contact in Abuja. The statement said that TRADAR Club, […]
Stanbic IBTC issues N19.9bn to bridge Nigeria’s infrastructure funding gap
Cynthia EzekweDecember 12, 2022
By Cynthia Ezekwe Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings, has announced the issuance of a N19.997 billion series III offer under its Stanbic IBTC Infrastructure Fund N100 billion programme. A statement by the financial institution said the fund is targeted at bridging the funding gap in Nigeria’s infrastructure sector through investing […]
How technology can address SMEs’ financing challenge
CHUKS OLUIGBOJune 25, 2022
BY CHUKS OLUIGBO The challenge of access to finance holding down Small and Medium-scale Enterprises (SMEs) in Nigeria from optimally performing their role as critical drivers of growth, productivity, and competitiveness of the economy can be addressed by leveraging emerging trends such as technology to provide innovative solutions. In addition, small-cap and growth-oriented companies can […]
Fidelity Bank Plc receives a $20m partnership from TLG Capital for the development of SMEs in Nigeria
Charles AbuedeMarch 31, 2021
Charles Abuede Following its investment exits from Nigeria’s microloans service provider and Rwanda’s BAJ fuel stations in the year 2020 and Atlas Mara in 2021, TLG Capital, an investment holding company focused on private equity and debt opportunities in Sub-Saharan Africa has announced a $20 million investment into Fidelity Bank Plc for the development […]
Nigeria MPC’s pro-growth agenda in Covid-19 era
Moses ObajemuJune 3, 2020
By Moses Obajemu After 14 months of retaining the monetary policy rate (MPR) at 13.5 per cent, the Monetary Policy Committee last week reduced the MPR to 12.5 percent in what is a dovish move aimed at facilitating more money for productive economic activities, Godwin Emefiele, the of the Central Bank of Nigeria (CBN) disclosed […]
Oxford Business Group partners with LCCI on 2020 economic report
Kenneth AforOctober 9, 2019
By Kenneth Afor The Oxford Business Group has partnered with the Lagos Chamber of Commerce and Industry (LCCI) on the preparation of an economic report across sectors of the Nigerian economy for investment opportunities. The partnership is to beam a search light on major sectors in the country’s economic climate as Nigeria is gradually […]
Nigeria’s business environment challenging, MAN survey reveals
Businessam StaffMay 1, 2019
The Manufacturers Association of Nigeria (MAN) has said the composite manufacturers’ CEO’s confidence (MCCI) index for the first quarter of 2019 stood at 51.3 per cent. MAN President, Mr. Ahmed Mansur, who disclosed this, explained that the newly created MCCI report revealed that the manufacturing sector was struggling as operating conditions remained challenging. The MAN […]