FEC okays N9.5bn contracts for power, roads

CHISOM METU The Federal Executive Council (FEC) has approved the National Quality Policy. Also, a total contact sum of about N9,334,210,910 was approval by Council for roads and power projects across the country. Minister of Industry Trade...

First Crowdfunding platform to give grants emerges

Giving.ng, has revealed an upgraded platform that eases the burden of social impact fundraising for Non-Governmental Organisations (NGOs), alumni associations, individuals, and social enterprises across Nigeria. The crowdfunding platform will be the first in Nigeria...

Ecobank’s N50 bilateral subordinated loan to boost MSMEs lending- – Akinwuntan

Managing Director, Ecobank Nigeria, Patrick Akinwuntan has said the bank’s newly sourced N50 billion credit will be deployed to support Micro, Small and Medium Scale Enterprises (MSMEs) and small corporates in the country. He pointed...

Experts applaud CBN’s rates retention

The Association of Capital Market Academics of Nigeria (ACMAN), on Tuesday said that rates retention by the Monetary Policy Committee (MPC) was in line with market expectations. ACMAN President, Prof. Uche Uwaleke, disclosed this in...

LCCI projects positive economic recovery by Q2

The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the...

CBN retains lending rate at 11.5%

CHIGOZIE AMADI The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 11.5 per cent. CBN Governor, Godwin Emefiele, disclosed this after the committee’s two-day meeting in...

Biden’s administration will usher in new global economy dispensation – LCCI

The Lagos Chamber of Commerce and Industry (LCCI) has said that the administration of Mr Joseph Biden, the 46th elected U.S President, would usher in new dispensation for global economy. Mrs Toki Mabogunje, LCCI’s President...

IMF boosts global economic projection for 2021

The International Monetary Fund (IMF) has in its latest World Economic Outlook (WEO) projected global growth for 2021 to be 5.5 per cent as against 5.2 per cent it forecast in October 2020. Gita Gopinath,...

AfDB commits $12.5bn to climate finance

The African Development Bank (AfDB) has committed an additional 12.5 billion dollars to climate finance between 2020 to 2025 in Africa. President of the AfDB, Dr Akinwumi Adesina, said this at the first online international...

Dangote Cement, Airtel Africa lift trading by 0.21% in NSE

Activities on the nation’s bourse resumed the week on Monday on a positive note following investors’ interests in Dangote Cement and Airtel Africa. Specifically, the All-Share Index inched higher by 86.97 points or 0.21 per...
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