Bayelsa MSMEs Get N200 million from UNDP The United Nations Development Programme (UNDP), on Monday, offered N200m in support to Micro, Small and Medium Enterprises in Bayelsa State. According to the UNDP, the objective of the initiative is to mitigate the effect of the current socio-economic...

Nigeria may get $1bn Afreximbank Loan in May Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Import Export Bank next month. The loan is part of a larger $3.3bn prepayment facility arranged by Afreximbank, with repayment terms tied to...

Nigeria, Ethiopia, Others Record Fastest Rise In Food Inflation – World Bank Nigeria, Ethiopia, Malawi, Sierra Leone, and Zimbabwe are the sub-Saharan African (SSA) countries that recorded the fastest rise in food inflation in February this year, according to a new report by the World...

Naira Appreciates to N1,120 per Dollar at Parallel Market The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies a decrease of 9.67 percent from the N1,240/$ reported on April 3. Bureau de...

EduGate: EFCC Recovers N30bn, Investigates 50 Bank Accounts The Economic and Financial Crimes Commission (EFCC) said it has recovered N30bn in the probe of the National Social Investment Programme Authority (NSIPA) former CEO Halima Shehu and suspended Minister of Humanitarian Affairs and Poverty Alleviation Betta...

Emirates Flights to Nigeria May Resume in June — Aviation Minister Emirates Airlines is set to resume flights to Nigeria before the end of June 2024, the Minister of Aviation, Mr. Festus Keyamo disclosed. The minister, who spoke when he appeared on Arise News Channel on...