HomeFinancial

Financial

Afreximbank Funds Boost Nigeria’s Economy with $50bn – Oramah

Afreximbank Funds Boost Nigeria's Economy with $50bn - Oramah   Afreximbank has disbursed a total of $50bn in Nigeria over the past decade, making significant contributions to the country’s key sectors, including energy, manufacturing, healthcare, transport, and financial services. The President and Chairman of the Board of...

World Bank Approves Nigeria’s $1.08bn Loan Request

The World Bank has approved a $1.08 billion financing package aimed at strengthening Nigeria’s education system, tackling malnutrition, and boosting economic resilience.

FIRS, NGF Partner to Enhance Economic Growth, Boost Revenue

FIRS, NGF Partner to Enhance Economic Growth, Boost Revenue   As part of the efforts to boost revenue and economic growth across the federation, the Federal Inland Revenue Service (FIRS) and the Nigerian Governors’ Forum (NGF) are partnering to improve on policy harmonisation and capacity building...

FG Seeks Fresh $10.50m Loan from World Bank

FG Seeks Fresh $10.50m Loan from World Bank   Nigeria has approached the World Bank for a fresh $10.50m loan to enhance the Central Bank of Nigeria’s technical capacity and modernise the country’s domestic payment infrastructure. According to information exclusively obtained from the World Bank website on...

Trump’s Tariffs Put $10bn US-Nigeria Trade at Risk

Trump's Tariffs Put $10bn US-Nigeria Trade at Risk   The newly imposed 14 per cent tariff by US President Donald Trump on exports by Nigerian businesses presents a significant risk to the $10bn annual exports to the United States, potentially disrupting key sectors such as oil...

N2.4trn Recapitalisation Fund Raised by Banks Through Capital Market – SEC DG

N2.4trn Recapitalisation Fund Raised by Banks Through Capital Market - SEC DG   Nigerian banks have so far raised N2.4 trillion through the capital market in the ongoing recapitalisation of the banking sector directed by the Central Bank of Nigeria (CBN). Director-General of the Securities and...