FairMoney Microfinance Bank has introduced FlexiCredit, a new credit line offering eligible clients access to up to five million naira. The product is designed for salaried professionals, requiring a minimum monthly income of 250,000 naira and a satisfactory credit history for qualification. Approved users can withdraw funds as needed directly through the mobile application, paying…
Nigeria is campaigning for a seat on the International Maritime Organisation Council, highlighting its four-year record without a single piracy incident. The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, presented the nation’s case to delegations in London, framing the bid as a reflection of tangible achievements in maritime security. He credited the successful…
Norrenberger Pensions Limited reported a 31 percent increase in total income for the 2024 financial year, reaching 2.51 billion naira. The company’s Retirement Savings Account client base also grew to 164,619 members. Despite a challenging economic environment, the firm expanded its Assets Under Management by 18.54 percent. Managing Director and CEO Mrs. Bolanle Onotu attributed…
A trade mission in Abuja is working to strengthen the role of women in global commerce by connecting Nigerian entrepreneurs with United Kingdom importers. The International Trade Centre and the Nigerian Export Promotion Council organized the event, which introduced 30 women-led businesses to 12 UK buyers. The initiative, supported by the UK-funded SheTrades Commonwealth+ Programme,…
A new initiative named AREWATECH has been introduced to stimulate economic growth across northern Nigeria. The long-term development plan, which stands for Africa Rebuilds Economy With Agriculture, Trade, Entrepreneurship, Education, Creatives, and Hospitality, was unveiled during the announcement of the Arewa Festival 2025. The founder of Tripoint Academy, Mrs. Shuhda Muhammed, stated that the festival…
Industry leaders in Nigeria’s wine market are escalating a campaign against counterfeit and substandard products, citing public health risks and significant revenue loss. Chinedu Rita Rosa, founder of Vines by Rosa, emphasized that the initiative aims to protect consumers by ensuring access to authentic wines at fair prices. She identified consumer education and supply chain…
Lagos State has finalized a combined bond issuance of approximately 244.82 billion naira, marking a significant financial milestone. The transaction includes the first green bond ever issued by an African sub-national entity, valued at 14.815 billion naira, alongside a 230 billion naira conventional bond. Governor Babajide Sanwo-Olu stated that the net proceeds would fund critical…
The Central Bank of Nigeria has emphasized that stronger coordination between monetary and fiscal authorities is vital for sustaining the nation’s current economic recovery. Deputy Governor Emem Usoro, represented by Acting Director Hakama Sidi Ali, outlined significant macroeconomic improvements at a recent conference. These gains include a decline in inflation to 16.05 percent, a more…
The Federal Government has endorsed the Export Trading Group’s renewed multi-million-dollar investment drive in Nigeria. Vice President Kashim Shettima assured the conglomerate of the administration’s full support for its ventures, which are projected to create over 6,000 jobs. He stated that this expanded commitment reflects growing confidence in the nation’s economic reforms. ETG’s Global Chief…
Realty Point Limited has reported an illegal invasion of its 76-acre property in the Pakuro Scheme 1 area of Ijere by suspected land grabbers. The company’s Managing Director, Mr. Debo Adejana, stated that this occupation violates a Supreme Court-supported title and a standing interim injunction from the state High Court. He expressed concern that the…
