BUA Industries Limited has secured a $200 million financing facility from the African Export-Import Bank (Afreximbank)…
Category: Business
Nigeria’s Foreign Debt Servicing Costs Surge to $3.58 Billion, Up Nearly 40%
In the first nine months of 2024, the Nigerian government spent $3.58 billion on servicing its…
NUPRC Targets Capture of 250 Million Cubic Feet of Gas Flares Daily to Cut Emissions
The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) has unveiled an ambitious plan to capture up to…
CBN Launches New Initiatives to Boost Financial Inclusion at International Conference
The Central Bank of Nigeria (CBN) has launched three new initiatives aimed at driving financial inclusion…
Dele Alake: Mining Sector Key to Nigeria’s Economic Diversification
Minister of Solid Minerals Development, Dele Alake, has emphasized the importance of Nigeria’s mining sector as…
Federal Government Will Settle N88 Billion Pension Arrears by Year-End – Wale Edun
In response to growing frustration among retirees, the Federal Government has pledged to settle the N88…
Finance Minister Wale Edun Meets with Presidential Advisers to Strengthen National Communication Efforts
On Monday, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,…
Manufacturers Boost Investments Amid Economic Challenges, Naira Depreciation Drives Up Costs
Key players in Nigeria’s manufacturing sector, including Dangote Group, BUA Group, and Flour Mills of Nigeria,…
Lotus Bank Affirms Strong Capital Position and Commitment to Ethical Banking
Lotus Bank Limited, a Nigerian non-interest bank, has announced that it already meets the Central Bank…
Lotus Bank Calls for Greater Awareness of Ethical and Non-Interest Banking in Nigeria
Lotus Bank recently hosted a stakeholder forum in Lagos, urging for increased awareness of ethical and…