FG Raises Panel On N50bn Export Expansion Facility       The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, yesterday inaugurated a steering committee for the implementation of the Export Expansion Facility (EEF) to boost non-oil exports. Adebayo at the virtual inauguration of the committee, warned that...

Afreximbank, Others Unveil $1.5bn Facility To Support Food Production         The African Export-Import Bank (Afreximbank) has partnered with the International Islamic Trade Finance Corporation (ITFC), the Trade Finance Arm of the Islamic Development Bank (IsDB) Group; and the Arab Bank For Economic Development in Africa (BADEA),...

Sterling Bank Launches N50bn Facility For MSMEs Sterling Bank Plc has launched a business support facility for Micro, Small and Medium Enterprises in the country. The Head of MSMEs Proposition, Sterling Bank, Mrs Benedicta Sardoh, described the importance of small and medium enterprises to an economy...

ICRC, NEMSA To Resuscitate Transformer Repair Facility   The Infrastructure Concession Regulatory Commission (ICRC) and the Nigerian Electricity Management Services Agency (NEMSA) are collaborating towards reviving the transformer repairs and testing workshop located at the Ijora Olopa area of Lagos State, through a Public Private Partnership...

Nigeria Loses N1.3trn Annually As Food Preservation Facility Wastes Away Nigeria has been losing about N1.3 trillion annually due to the inability to exploit the Gamma Irradiation Facility (GIF) at the Nuclear Technology Centre (NTC), Sheda Science and Technology Complex (SHESTCO) in Abuja, Dr. Abduljhalil...

Real Sector: CBN, Commercial Banks To Fund N4trn Facility Succour may soon come the way of manufacturers and entrepreneurs, especially the agriculture sector, as the banking industry’s accumulated cash reserve, ratio (CSR) estimated at N4.11 trillion, would be opened for lending through a target approach. Specifically,...