When the Federal Government gave its nod for the establishment of the Development Bank of Nigeria (DBN), the reasons were legion, but most important of all was the tight conditions attached to getting credit facilities by the existing development Finance institutions, including the apex...

The African Development Bank Group (AfDB) and Nigeria’s United Bank for Africa (UBA) have signed a $150 million loan agreement to finance Small and Medium Scale enterprises (SMEs). The loan was initiated to also finance infrastructure and women-owned enterprises in Nigeria, AfDB has said. “The Fund...

Nigeria’s total trade with the European Union (EU) which stood at €39bn in 2014, accounting for 31 per cent of Nigeria’s total trade, has dropped to €29bn in 2015. Speaking at the pre-event press conference of the fifth EU-Nigeria business forum (EUNBF), held at the...