African Export-Import Bank (Afreximbank) has successfully arranged a senior US$500-million and a junior US$150-million reserve-based lending facility for Oando Petroleum and Natural Gas Company Limited. The facility was used to finance Oando’s acquisition of the 20 percent participating interest held
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has addressed the House of Representatives Committee on Alternate Education, outlining government’s financial strategies and programs aimed at tackling the pressing challenge of out-of-school children in Nigeria. Joined
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has launched the National Single Window (NSW) Project Kickoff Workshop in Abuja that aims to streamline trade processes, reduce bottlenecks, and increase transparency, positioning Nigeria for unprecedented economic
Christopher Bajowa has been unanimously elected by his colleagues as the new President of the Pension Fund Operators Association of Nigeria (PenOp) following the retirement of the previous President and MD/CEO of Premium Pensions, Umar Mairami. Mairami’s retirement had created
The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Oseodion Ewalefoh, has vowed to streamline processes required to deliver Public Private Partnerships (PPP) projects in order to accelerate infrastructure development and bridge the existing gaps to
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has presided over a pivotal meeting of the Presidential Panel on the Social Investment Program (SIP) aimed to assess progress and ensure the effective implementation of social
The Implementation Committee on Crude Oil Sales in Naira says the commencement of Naira payments for crude oil sales to the Dangote Refinery is October 1, 2024, marking a significant milestone in Nigeria’s economic transformation. This information is contained in
The African Export-Import Bank (Afreximbank) has released its consolidated financial statements for the six months ended 30 June 2024. Afreximbank in a statement said the results for the six months period once again demonstrates resilience amid challenging macro-economic conditions. The Group delivered
The Development Bank of Nigeria (DBN) has released the eligibility criteria for the commencement of the 2024 edition of its flagship Annual DBN Entrepreneurship Training Programme (DBNETP) for Micro, Small and Medium Enterprises (MSMEs) in Nigeria. DBN in a statement
Federation Accounts Allocation Committee (FAAC) has shared a total sum of N1,358,075,000,000 to the Federal Government, States and Local Government Councils in the country as revenue collected in July 2024. A statement by Bawa Mokwa, Director Press and Public Relations Office
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