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 […]
Why FG should develop gemstone value chain – Oworu
THE Federal Government has been called upon to expedite actions in developing the gemstone value chain in order to generate foreign exchange and create additional jobs opportunities in Nigeria.
Akwa Ibom seeks increased patronage for local contracting firms
THE Akwa Ibom State Government is demanding that International Oil Companies (IOCs) increase their patronage of the oil and gas contracting firms whose operational bases are domiciled in the state, noting that the trend would go a long way in addressing unemployment as well as grow the state’s Internally Generated Revenue (IGR).
FG signs $5.792bn contract for 3,050MW Mambilla power project
THE Federal government has described the 3,050megawatts hydro power project worth over $5.792 billion (about N2.096 trillion) in Taraba State as a new dawn in the nation’s power diversity and energy needs.
Bulk electricity users to buy directly from GENCOs
ELECTRICITY consumers, especially bulk users now have an option as the federal government has approved a new policy to enable them buy power directly from the electricity generating companies, GENCOs.
FG, others plan to generate 14,000mw from hydro
Plans are underway by the Federal Government and other stakeholders to generate additional 14,000 megawatts, mw of power from water (hydro).
