Wema Bank secures €50m EIB facility to support SMEs
By Henry Obetta Wema Bank has secured a Euro 50 million (N78.5 billion) financing facility from the European Investment Bank’s development arm, EIB Global, to expand access to credit for small and medium-sized enterprises (SMEs), with a strong focus on women- and youth-owned businesses. The agreement, signed in Lagos, marks the first transaction between EIB […]
SEC partners Rwanda to accelerate African market integration
By Peter Egwuatu The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with Rwanda’s Capital Markets Authority (CMA), aimed at deepening cooperation and accelerating integration of African capital markets. Speaking at the signing ceremony in Abuja, Director-General of SEC, Dr. Emomotimi Agama, stressed the need for greater collaboration among African markets. […]
Why smuggling persists across Nigeria’s borders
As Customs seizes 870 smuggled vehicles worth N3.88bn in 15 months By Efe Onodjae Stakeholders in the automobile and maritime sectors have identified delays and high clearing costs as major reasons Nigerian car importers patronise neighbouring countries’ ports and also resort to smuggling. Data from the Nigeria Customs Service (NCS) show that no fewer than 870 […]
We are endangered species: Robbers with military precision attack Asaba phone dealers
•Millions lost, livelihoods shattered By Egufe Yafugborhi The streets of Asaba’s once-bustling gadget district have taken on the feel of a war zone. Shops that once hummed with the chatter of haggling customers now stand eerily quiet. Roller shutters crash down by 6pm, two hours earlier than just weeks ago. And behind every counter, nervous […]
Disability Inclusion: NBA Lawyers’ Forum hails landmark policy
The Nigerian Bar Association (NBA) has recorded a major milestone with the adoption of its Disability Inclusion Policy, which institutionalises accessibility, reasonable accommodation, non-discrimination and equal participation within the legal profession.
Honour terms of your visa, US Mission warns Nigerians
•Restates warning against overstay By Nkiruka Nnorom United States Mission in Nigeria has reminded Nigerian travellers to strictly comply with US immigration laws, saying adherence to visa terms was key to protecting future travel and study opportunities. The reminder, shared under the hashtags #VisaWiseTravelSmart, comes amid ongoing efforts by the US to curb visa overstays […]
Starmer: Presidency, Peter Obi bicker over call for Tinubu’s resignation
THE Presidency and the presidential candidate of Nigeria Democratic Congress, NDC, for the 2027 elections, Peter Obi, were yesterday locked in a war of words over the resignation of British Prime Minister, Keir Starmer.
Full details: One injured as suspected bomb explodes in Lagos
A suspected Improvised Explosive Device, IED, yesterday detonated beneath a parked vehicle in the Oke Mushin area of Lagos, injuring the owner and causing panic among residents.
Starmer resigns as UK PM, likely replacement, Burnham sworn in as Labour MP
British Prime Minister, Keir Starmer, yesterday announced his resignation, saying a new leader would be in place before Parliament returned in September.
Naira rises to N1,394/$ in parallel market
THE Naira yesterday appreciated to N1,394 per dollar in the parallel market from N1,405 per dollar last weekend.
Tinubu supporter seeks tenure extension for Customs management team
A prominent supporter of President Bola Ahmed Tinubu and advocate of the Renewed Hope Agenda, Khamis Musa Darazo, has urged the President to extend the tenure of the current management team of the Nigeria Customs Service, warning that the planned retirement of senior officers could create a leadership vacuum capable of disrupting ongoing reforms and weakening the nation’s revenue drive.
