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 […]
Nigeria tasks Japan on raw commodities
The Japan International Cooperation Agency, JICA, has been urged to focus on those factors that would increase production and add value to Nigeria’s raw commodities in the One Local Government One Product programme.
Notore , signs 250,000 metric tonnes rice mill with Taraba
IN an apparent bid to reduce the volume of rice imports into the country, Notore Chemical Industries Limited, and Taraba State Government have signed a memorandum of understanding, MoU, to build a multi-billion naira rice mill in the state.
Oando diversifies to industrial sector
Oando PLC has announced expansion of its investments from oil and gas into industrial sector. The company cited its Kaduna Lubes Plant for the manufacturing of Oleum range of lubricants, and its Greenfield products reception terminal at the Lekki Free Trade Zone, Lagos as examples of its expansion drive.
Customers troubled over distressed GreenHouse Investment Solutions
Customers of Green House Investment Solutions have expressed concern over the uncertain state of the microfinance institution as it battles to recover from failed investments that led to its temporary closure, which could sound the death knell for the microfinance sector that is gradually gaining public trust and patronage by depositors.
ICAN warns Accounting Technicians against fraudulent acts
The 45th president of the Institute of Chartered Accountants of Nigeria, ICAN, Mrs. Elizabeth Adegite, has warned Accounting Technicians against fraudulent practices that can bring the reputation of the profession to disrepute.
