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  Nigeria: June 30: Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday, signed an agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat to provide financing for up to US$6.0bn over the next 3 years to eligible SME across Africa. UBA signed the agreement with AfCFTA on …

Ondo PPRO, Funmilayo Odunlami The Ondo State Police Command on Thursday paraded the three suspects arrested in connection with the alleged killing of a naval officer, Sub. Lt. Samuel Akingbohun. The suspects also disclosed how the naval officer was killed. Akingbohun was allegedly killed by the suspects during an argument …

CBN logo Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges, figures obtained from the Central Bank of Nigeria have revealed. The CBN revealed in its figures on movement on foreign reserves that the reserves which commenced January 3, …

Gbenga Adebija The Group Managing Director of Ashton and Layton and former Director-General of the Nigerian-German Chamber of Commerce, Gbenga Adebija, has joined USAccelerator, a United States-based professional service firm that advises and supports international businesses on their entry and acceleration of market growth in the US. In a statement …

Central Bank of Nigeria building In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria injected another sum of $17.81bn into the inter-bank foreign exchange market in 2022. According to the CBN’s ‘Financial markets department annual activity report 2022’, this was a slight increase …

President Bola Tinubu President Bola Tinubu on Thursday admitted that the nation’s finances is bleeding profusely, vowing to stop the bleeding and reposition the country in the right direction. He also said he decided not participate in the arbitrage entrenched in the country’s commercial system in order to rescue the …

Buhari and Tinubu in London Former President Muhammadu Buhari did not ask his successor, Bola Tinubu, not to probe his appointees at their meeting in London last Monday, ex presidential spokesperson, Mallam Garba Shehu has said. Shehu said this while reacting to a report that Buhari asked Tinubu not to …

The Abia State Governor, Alex Otti, has taken a further step in his administration’s pursuit of accountability by suspending the state’s Head of Service and Permanent Secretaries who served under the previous administration of former Governor Okezie Ikpeazu. The suspension came in the wake of the newly inaugurated judicial panel …

Godwin Emefiele and wife, Margaret Fresh report have shown that embattled Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN) was involved in alleged high level of corruption, nepotism, favoritism and gross abuse of office while he reigned supreme as the Governor of the apex-bank. According to …

NEXIM The Nigerian Export-Import Bank (NEXIM) is collaborating with Fidelity Bank to increase the capacity of five million Small and Medium Enterprises (SMEs) exporters in the non-oil sector. NEXIM said the move is in line with the overall objective of promoting export diversification efforts of the Federal Government. The Managing …