Managing Director, Bank of Industry (BoI) Olukayode Pitan said the bank has disbursed loan in excess of N47 billion to support Kaduna State industrialists in the Small and Medium Scale Enterprises (SMEs) and Micro Small and Medium Enterprises (MSMEs) categories.
COMFORT EKELEME WITH AGENCY REPORT
Union Bank said it has begun a share sale to existing shareholders to raise N50 billion ($159million) after regulatory approval.
Africa’s richest man and Nigeria’s indisputable business leader, Aliko Dangote, has told a packed room in New York that he is hoping that oil prices will remain low to wean Nigeria away from its dependence.He said agriculture should be the focus of government, as well as gas and minerals, in an effort to diversify the economy.
AWARD: (L-R) Uzor Okonmah, Head, Health & Insurance Solutions, Interswitch Limited; Veronica Onoja, Vice President, Mobile Financial & Digital Services, Airtel Nigeria and Sina Adegoke, Regional Operations Director, Lagos, Airtel Nigeria during the Interswitch Award Ceremony in Lagos, recently.
Leading telecommunications service provider, Airtel Nigeria,has been honoured with the Payment Innovation in Telecom Award by Africa’s leading transaction switching and processing services company, Interswitch.
Foremost brand and reputation management outfit Zenera Consulting has launched a new service line tagged ‘Ethica360R’ to mark its fourth anniversary as a foremost player in Nigeria’s brand management industry.
The Managing Director of Jumia Travel Nigeria, Omolara Adagunodo said she will recommend Ghana as a more preferable destination for weddings because it’s much cheaper in terms of cost and much closer in terms of distance .
Investment and finance experts at the weekend reached a consensus that the solution to inadequate infrastructure financing lies in private capital funding.According to them, for the fact that governments have finance constraints, long-term funding that is independent of government budget and boards in an ongoing basis is required, if big ticket projects must be embarked upon and completed.
The African Development Bank (AfDB) is advocating closer linkages between development partners and policy-makers to enhance the informal sector’s contribution to building an African food and cuisine value chain.Like many other economic activities in Africa, large segments of the food value chain are mainly informal.
The Central Bank of Nigeria (CBN) has said it would not hesitate to sanction any Deposit Money Bank (DMB) in breach of its earlier directive of March 3, 2017 instructing them to, among other things, open teller points for retail forex transactions and to have electronic display boards in all their branches, showing rates of all trading currencies.
The naira on Monday dropped further to 370 per United States dollar in the parallel foreign exchange market.This indicates that Nigerian currency depreciated against the dollar by N2 over the weekend.The naira had exchanged at 368 to the dollar last Friday.