The ECOWAS Bank for Investment and Development (EBID) has signed a €40 million framework agreement with the ODDO BHF Aktiengesellschaft, a Franco-German financial services group with a longstanding track record and expertise in trade financing. The fund would be used to strengthen the prospects for small and medium scale enterprises (SMEs) and industries to enable […]

MTN Nigeria said it has enrolled 37.2 million National Identification Numbers (NINs) for its subscribers in the ongoing exercise of linking the number with the Subscriber Identification Module (SIM) card. The federal government had as at February 1, 2021, put the total figure of NINs received by all mobile network operators, at 56.18 million, up […]

The Central Bank of Nigeria has given another 12-month extension on the discounted interest rate for its intervention facilities. It said that the role-over of the moratorium on the facilities would be considered on a case by case basis It disclosed this in a circular on Wednesday to all banks and other financial institutions titled […]

Indigenous Audio-Visual Systems Integrator and authorised Samsung Electronics solutions partner, Hikari AV Limited is set to deploy 80 Samsung Smart TVs and Samsung Flip 2.0 at Art Hotel. The solution is aimed at improving customers’ lodging and meeting experience. Upon full deployment, Art Hotel will boast of ideal home-away-from-home environment and best in class meeting […]

The Nigerian stock market, which began the month on a positive note, resumed its decline on Tuesday as 26 firms recorded price losses at the end of trading. The Nigerian Stock Exchange All-Share Index had risen by 0.33 per cent after investors on Monday, the first trading day of the month, after February saw investors […]

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the Anchor Borrowers’ Programme of the bank shows the need for all stakeholders to sustain current efforts by the bank to galvanise agricultural production to meet the requirements of Nigeria’s growing population. He said this in Zauro, Kebbi State on Tuesday during […]

Over three million Nigerians have lost about N18bn through Ponzi schemes, the Securities and Exchange Commission stated on Tuesday. Director-General, SEC, Lamido Yuguda, said this during a webinar organised by the commission. Ponzi schemes are fraudulent investing scams which generate returns for early investors with money taken from later investors. They are similar to pyramid […]

 Petrol scarcity in Abuja and neighbouring Nasarawa and Niger states persisted on Tuesday and provoked an over 100 per cent rise in transport fares in many locations of the affected areas. Also, hundreds of black marketers of petrol surfaced in various roads in Abuja and environs, as they sold the commodity at between N300 to […]

The Secretary-General of the Organisation of the Petroleum Exporting Countries has said OPEC and its allies need to remain disciplined with their production to ensure full oil price recovery as the global economy continues to rebound from the COVID-19 pandemic. “We must emphasise in strong terms: cautious optimism, cautious optimism, cautious optimism,” Barkindo said at […]

First Bank of Nigeria Limited has launched an account designed to benefit Small and Medium-scale Enterprises in order to boost national growth and development. It said this in a statement on Monday titled ‘FirstBank unveils FirstSME account, reiterates its commitment to the continued growth of SMEs’. The statement said the SME accounts, namely FirstSME Classic […]