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BII Grants Access Bank $50 million From Loan Package To Aid SMEs

The British International Investment (BII), the UK’s development finance institution and impact investor, has just committed $50 million to Access Bank. 

IMF: Global Economic Growth Remains Unchanged, Downward Growth Predicted For Nigeria, Sub-Saharan Africa

According to the International Monetary Fund (IMF), global economic growth has been projected to remain unchanged at 3.2 per cent in 2024 and 3.3 per cent in 2025.  

AED: 387 Arrested Illegal Miners Should Face Thorough Investigation

The Action for Economic Development (AED), a civil society group, has stated that the 387 suspects arrested for involvement in illegal mining in the country as confirmed by the Chief of Defence Staff at a meeting with the House Committee on Solid Mineral on Monday must be through investigated.

Nigeria to Become Net Fuel Exporter by December – Kyari

Nigeria to Become Net Fuel Exporter by December – Kyari The Group Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said Nigeria will be a net exporter of refined petroleum products by December this year, based on emerging indicators in the...

African Export-Import Bank Increases Share Capital to $25b

African Export-Import Bank Increases Share Capital to $25b Shareholders of African Export-Import Bank (Afreximbank) has increased the bank’s authroised capital from $5 billion to $25 billion. At the annual general meeting of the bank, shareholders voted to increase the authorised share capital in recognition of the...

Tinubu Appoints New CEO, ED for NSITF

President Bola Tinubu has approved the appointment of Mr. Oluwaseun Faleye as the new Managing Director/Chief Executive Officer of the Nigeria Social Insurance Trust Fund (NSITF).