Nigerian banks’ 20% ‘interest margin’ hampers small businesses
Some economists have expressed concerns about Nigerian banks’ large net interest margin, alluding to the trend as making access to finance beyond the reach of...
Category : National
FG begins disbursement of N50,000 trade grant to Nigeria’s nano businesses
The Federal Government has announced the commencement of the disbursement of the N50,000 Presidential Conditional Grant Scheme, also known as Trade Grants Scheme, to nano...
The House of Representatives is conducting a probe into the cancellation of the Central Bank of Nigeria’s $2.4 billion forward contracts
The House of Representatives has directed its Committee on Small and Medium Size Enterprises (SMEs) to undertake a thorough investigation into the cancellation of forward...
Chinese, Nigerian firms sign $1bn gas flaring deal.
A Chinese firm, Beijing Zhogmin Xinjunlong New Energy Technology Company Ltd. and NIGUS International, a Nigerian firm, have signed a $1 billion agreement to fund and...
Afreximbank’s President Benedict Oramah emerges FORBES AFRICA’s 2023 Person of the Year.
Nominations for FORBES AFRICA Person of The Year are submitted by members of the magazine’s editorial and research teams, including journalists from its bureaus across...
16 innovators shortlisted for Africa Prize for Engineering Innovation in its 10th anniversary year.
Sixteen innovators from eight African countries, including Botswana for the first time, have been shortlisted for the 10th Africa Prize for Engineering Innovation. The Africa...
Nigeria, Germany Seal $500m Gas, Renewable Energy Deal.
The Nigerian government and that of Germany have entered into a bilateral agreement that would see both countries exchanging gas and renewable energy resources. Speaking...
Nigeria’s UfarmX expands to Senegal to power next generation of farmers through blockchain.
Nigerian agri-tech startup UfarmX, which leverages blockchain technology to empower rural, unbanked and underserved smallholder farmers, has expanded to Senegal as it aims to reshape...
Cheyi Okoaye’s Cinematic Masterpiece Wins Big at AFRIFF 2023.
In a dazzling showcase of emerging talent, Cheyi Okoaye has secured the top spot in the NEFT Emerging Film Talent International Short Film (NEFTI) Nigeria...
Africa Tech Festival Awards 2023 – Finalists Announced.
The list of finalists – of the projects and people who are powering change and working to bridge the digital divide across Africa – has been announced,...
Polaris Wins Nigeria’s Best Digital Bank Award With VULTe
Polaris Bank shone brightest over the weekend as its bespoke home-grown digital bank, VULTe won for the third time, Nigeria’s ‘Best Digital Bank of the...
Germany-Nigeria trade volume hits €3b in 2022.
The bilateral trade between Germany and Nigeria hit the €3 billion mark in 2022, German Ambassador to Nigeria, Annett Günther has said. This is against €2 billion...
Hippolite Amadi, Nigerian Scientist Wins $100,000 Prize for Work in Keeping Newborns Alive.
The winning innovations comprise a non-invasive Neonatal Ventilator, an Oxygen Delivery Blender System, and an Oxygen Splitter System, all powered by solar energy. Hippolite Amadi,...
A Nigerian, John Obot Sets New 124-Hour World Record for Longest Reading.
In a triumphant feat of determination and intellect, Nigerian teacher John Obot has captured the world’s attention as he shattered the current record for the...
How Nigeria’s IAPrecision is using drone, data tech to make agriculture more efficient.
IAPrecision is a first-of-its-kind agricultural industry-focused drone technology and data analytics service enterprise in Nigeria. The startup, founded in 2021, provides farmers with aerial intelligence...
FG Secures $163m AfDB Loan For Wheat Production.
The federal government, under the leadership of President Bola Tinubu, has secured a substantial $163 million loan from the African Development Bank (AfDB) to bolster...
USAID: We Have Facilitated $205m Debt, Equity Investment for Nigerian Agribusinesses.
Over the past five years, USAID has promoted private sector-led economic growth in Nigeria by facilitating $205 million in debt and equity investments for Nigerian...
Nigeria’s steel sector set for revival as President Tinubu attracts $3 billion investment from India.
Nigeria’s Minister of Minister of Steel Development, Prince Shauib Audu stated that the $3 billion in Steel Investments that President Tinubu gained from the Nigeria-India...
Farm Central Intelligence Wins AFEX Code Cash Crop 4.0 Ag-hackathon.
Agri-tech firm Farm Central Intelligence has emerged as the winner of this year’s AFEX Code Cash Crop 4.0 Ag-hackathon. The startup which seeks to develop...
Nigeria: Nitda Unveils Digital Literacy Framework to Create 1 Million Jobs
The National Information Technology Development Agency (NITDA) has officially launched the National Digital Literacy Framework (NDLF) for achieving a digitally literate citizenry. This was in...
Development Bank of Nigeria Raises N23bn Local Bond for MSMEs.
The Development Bank of Nigeria Plc (DBN) has issued a N23 billion bond issuance as part of its N100 billion medium-term bond program to accelerate...
The Nigerian National Petroleum Corporation (NNPC) Inks Floating Liquefied Natural Gas (FLNG) Heads of Agreement with UTM Offshore, Advancing Domestic Gas Use in Nigeria.
The Nigerian National Petroleum Corporation (NNPC) signed a Heads of Agreement with Nigerian oil and gas company UTM Offshore Limited for the UTM Floating Liquefied...
MarkHack 2.0: Top 5 Finalists To Undergo 3-Month Incubation Programme, $50,000 Seed Capital.
The finalists who made it to the top five in MarkHack 2.0 will have the opportunity to undergo a 3-month incubation programme at the prestigious...
Nigerian Law Student Wins the prestigious Princess Diana Award (UK).
24-year-old student at the Nigerian Law School from Anambra State, Onyinye Omenugha, has won the prestigious Diana Award. The award is annually conferred on outstanding...
Telecoms Investment In Nigeria Hits $75.6bn
The investment profile in the Nigeria’s telecommunications sector, comprising foreign direct investment (FDI) and local investment, has reached $75.6billion as of 2021. The executive vice...
Sterling Bank Maintains Promotion Of Inclusion, Wins Three More Award.
Nigeria’s leading commercial bank and One of Africa’s fastest-growing companies, Sterling Bank, has kept up its momentum of victories with the conferment of three citations...
Lekki port berths 6,900 TEUs capacity transshipment vessel
Lekki Deepsea Port has berthed a 6,900 Twenty Equivalent Units, TEUs capacity transshipment vessel, “The Lady CMA CGM Rimbaud” with 411 TEUs cargo destined for...