U.S. To Increase Africa’s Yearly Development Finance To $6bn       The United States of America (USA) plans to increase its annual development finance to Africa by 20 per cent from about $5 billion to some $6 billion. Chief Operating Officer, U.S. International Development Finance Corporation (DFC), David...

COVID-19: Financial Institution'll Fund N1.8trn Stimulus Package – FG       The Federal Government on Thursday said about N1.8tn of its N2.3tn COVID-19 economic stimulus package would be funded by financial institutions. It also disclosed that about N288bn from the N500bn of the package funded through the 2021...

Apple Stakes $1bn For Nigerian App     An application developed by a young Nigerian has been bought by Apple for $1 billion, the Minister of Communications and Digital Economy, Dr Isa Pantami said yesterday. Pantami, who did not give details of the deal, however, expressed optimism that...

On World Creativity and Innovation Day, by Kashifu Inuwa     Thank you for coming. It is truly a pleasure and privilege to have you this afternoon. Today is a double celebration of NITDA’s 20th Anniversary and World Creativity and Innovation Day. It is an International Creativity...

DBN Appoints new Executive Director, Non-Executive Director. The Development Bank of Nigeria (DBN), Nigeria’s primary wholesale development finance institution has announced the appointments of Mrs. Ijeoma Ozulumba and Mr. Kyari Abba Kyari as Executive Director and Independent Non-Executive Director respectively on the board of the...

Controversy Trails N10b COVID-19 bailout to auto industry The N10billion COVID-19 bailout as intervention fund to operators in the auto industry, expected to rescue ailing companies and firms to reposition the sector, seems to be shrouded in controversy. It was gathered that the huge fund is...