Newscenter Media News The Dutch Entrepreneurial Development Bank (FMO) and Nigeria’s First City Monument Bank (FCMB) today signed a $25 million NASIRA guarantee agreement. The guarantee will enable FCMB to expand its funding …
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OPEC projects 23% growth in world’s energy demand by 2024
The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 percent increase in energy demand across the world by 2045. The OPEC Secretary-General, Haitham Al Ghais, stated this …
Read More »Dangote slams CBN’s 30% interest rate hike, warns of stifled economic growth
Aliko Dangote, Chairman and CEO of the Dangote Group, on Tuesday, vehemently criticized the Central Bank of Nigeria’s (CBN) recent decision to raise interest rates to nearly 30%. Speaking at …
Read More »Nigerian govt streamlines withholding tax regime, aims to ease business burden
In a move aimed at stimulating business activity and reducing compliance hurdles, Nigeria has approved a simplified withholding tax regime. This announcement came from Taiwo Oyedele, Chairman of the Presidential …
Read More »ID4D: World Bank restructures $430m project for Nigeria, extends deadline after two financiers threaten to cancel funding
The World Bank has announced plans to restructure the financing of the $430 Nigeria Digital Identification for Development (ID4D) project to avoid truncation. This would enable the Bank to guarantee …
Read More »With accusations of fraud, Ethiopian Airlines confirms exit from Nigeria Air Project
The saga surrounding Nigeria’s proposed national carrier, Nigeria Air, took another turn as Ethiopian Airlines, which was slated to be a major partner in the venture, has announced that the …
Read More »FCCPC raids steel companies in Ogun
The Federal Competition and Consumer Protection Commission conducted raids on three steel manufacturing companies in Ogun State due to the alleged production of substandard iron rods and other anti-competition …
Read More »Power Oil partners Kanu foundation on open-heart surgeries
Vegetable cooking oil brand, Power Oil has partnered with the Kanu Heart Foundation to facilitate open-heart surgeries in Nigeria. The founder of KHF, Kanu Nwankwo, announced the partnership recently …
Read More »BMA founder bags Swiss business award
The founder of the Brand Management Academy and Business Leadership and Innovation Management, Dr Abiodun Ajiborode, has earned a doctorate from the prestigious Swiss Business School through their African …
Read More »Shell, Ardova recommit to energy sector productivity
In a bid to boost energy sector productivity, Shell International has partnered with Ardova Plc to launch the inaugural Power Conference, aimed at fostering dialogue around productivity and competitiveness …
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