The National Council on Privatisation (NCP) on Wednesday hinted of its intention of merging the Bank of Agriculture with the Central Bank of Nigeria’s (CBN) NIRSAL Microfinance Ltd as part of its efforts to improve the operational efficiency of government-owned institutions nationwide. To achieve this goal, the council also expressed its plans to inject new […]
The Bureau of Public Enterprises (BPE) has expressed its readiness to collaborate with the Nigeria Labour Congress (NLC) in its current reforms and privatisation programme of the Federal Government. The Acting Director-General of the Bureau, Mr. Ignatius Ayewoh, made this remark when he recently paid a courtesy visit to the President of the labour union, […]
The Centre for Promotion of Private Enterprise (CPPE), a leading advocacy organization championing the interests of the organised private sector (OPS) in Nigeria, has set some key issues for the Central Bank of Nigeria (CBN) for consideration in its latest moves to strengthen the financial system through its just published recapitalization requirements for banks in […]
The Manufacturers Association of Nigeria (MAN) has appealed to the Federal Government and regulatory agencies for understanding of the plight of entrepreneurs in the country, particularly in the current environment characterized by several policy weaknesses and consumer apathy. The Director General of the Association, Mr. Segun Ajayi-Kadir, who made the appeal in view of the […]
The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has welcomed the latest guidelines of the Central Bank of Nigeria (CBN) on the banking sector recapitalization and assured the public of the capacity of the banks to meet the required targets within the two-year timeline set by the apex bank. The President of […]
The latest report by the Central Bank of Nigeria (CBN) detailing its intervention disbursements to key sectors of the economy in the last four years showed that Lagos State Government borrowed around N196 billion for the financing of its ongoing Red Line and Blue Line rail projects across the state. The apex bank, in its […]
President Bola Tinubu has directed the immediate re-opening of Nigeria’s land and air borders with the Republic of Niger with immediate effect. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, in a statement titled, ‘Nigeria Opens Land and Air Borders with Republic of Niger, Lifts Other Sanctions’, issued on Wednesday, disclosed […]
The National Institute of Credit Administration (NICA) has expressed serious concern about the high-interest-rate on loans being offered by banks to Small and Medium Enterprises (SMEs) in the country, describing it as undesirable for the growth of the enterprises and the nation’s economy. The Registrar/Chief Executive Officer of the professional body, Prof Chris Onalo, in […]
The Federal Government on Tuesday met with a consortium of financial institutions that had expressed interest in providing funds towards the completion of the 284 +103km Kano-Maradi rail project. Receiving representatives of the Take-Out facilities Lenders for the Kano-Katsina-Jibiya-Maradi (Niger Republic) Single – Track Standard Gauge Railway project in the Ministry of Transportation in Abuja, […]
Ecobank Transnational Incorporated (ETI) (Ecobank), has signed a USD 250 million senior unsecured bridge-to-bond Loan Facility with the African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC) acting as Global Coordinators and Initial Mandated Lead Arranger. A news report from the African Press Organization (APO) Group on the deal indicated that the loan facility aimed […]