Airlines’ Locked Funds Drop to $1.8 billion with Major Clearance in Nigeria
The International Air Transport Association has reported a 28% decrease in the amount of airlines' funds blocked from repatriation by ...
Tag: Funds
President Tinubu Explores Strategic Partnership with Bank of America
President Bola Tinubu is seeking a strategic partnership with Bank of America to bolster Nigeria's economic recovery efforts. During a ...
Nigerian Government Faces 16 Key Demands from Trade Union Congress
The Trade Union Congress of Nigeria (TUC) has made a series of demands, including the implementation of a new minimum ...
Nigerian Government Disbursed N57b to UBEC in 13 Years
With a total disbursement of N57 billion in 13 years, the Nigerian government has channeled substantial funds into UBEC, emphasizing ...
Nigeria’s SEC Grants Volition Cap License to Kickstart Fund Management
Volition Cap, an asset management company empowering the hardworking middle-class to create wealth has secured a fund management license from ...
Lawmakers Suspend Disbursement of $700m Cabotage Vessel’s Fund
The anticipated distribution of 700 million dollars in Cabotage Vessel Finance Funds to Nigerians and businesses by the Nigerian Maritime ...
FG Okays N3.4 billion for Customs to Procure Aircraft
The Nigeria Customs Service has been given permission by the Federal Government to spend N3.4 billion on an aircraft Clement ...
Nigeria Spends N45.89b on 1,375 Electricity Projects in 3years
The most recent data from the Rural Electrification Agency shows that the Federal Government finished 1,375 rural electricity projects in ...
CBN Disburses N12.65bn to Farmers in Two Months
According to the Central Bank of Nigeria (CBN), it has disbursed N12.65 billion to farmers through its anchor borrower program ...
Federal Govt. Approves N15b for Road Linking Second Niger Bridge, €3.7m for Power
The Federal Executive Council (FEC) has approved N15 billion for the construction of an access road connecting the Benin-Asaba expressway ...
Governor Sanwo-Olu Assists PSP Operators with Recapitalization Fund
Lagos Governor Babajide Sanwo-Olu has approved a budget for 2023 to assist Private Sector Participation (PSP) operators in recapitalizing their ...
Federal Government says 1.9m Nigerians receive N5,000 Monthly
On Thursday, the Federal Government announced that 1,940,004 vulnerable Nigerians are currently receiving N5,000 cash gifts each month. This was ...
Flour Mills to Raise N40 billion from Commercial Papers
Flour Mills of Nigeria Plc, Nigeria's largest food company, intends to raise N40 billion in new debt capital to boost ...
Payment Startup Grey, Pledges to Continuously Raise the Bar for Service Excellence
Grey, a leading startup that provides access to foreign accounts for African freelancers and digital nomads, has reaffirmed its dedication ...
[REPORT] Africa Tech Ecosystem Raised $6.5b in 2022; Nigeria Attracted $1.2b
Partech Africa, the VC fund dedicated to technology startups in Africa, has issued its annual report on Africa Tech Venture ...
