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 […]
Investment, security top South-South Economic Summit
The focus of the second South- South Economic summit scheduled to take place in April will be on where and how to invest in the region.
GIABA laments Nigeria’s slow fight against financial crimes
The Inter- Governmental Action Group against Money Laundering in West Africa, GIABA, yesterday, lamented Nigeria’s slow response to tackling the issue of money laundering and terrorism financing.
Red Star sees 37% reduction in second quarter turnover
A courier firm, Red Star Express plc, is projecting a 36.58 per cent reduction in its earnings for the half year ended 30th June, 2012.
FG to monitor payment of insurance claims of dead civil servants
The Federal Government has initiated the installation of an electronic monitoring device to facilitate settlement of death benefit claims of deceased federal civil servants in the country.
Bank directors poorly paid in Nigeria – BDAN Survey
Non-executive directors of banks in Nigeria are poorly paid says a survey conducted by FITC for Bank Directors Association of Nigeria (BDAN).
