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LAPO Microfinance Bank Partners with NextechCzar Incubation Program to Foster Tech Entrepreneurship in Nigeria
LAPO Microfinance Bank Limited, a renowned institution in Nigeria’s microfinance sector, has declared its endorsement for the NextechCzar Incubation Program, spearheaded by the Moolu Venture Lab. The induction ceremony, graced by distinguished figures in the industry, witnessed Dr. Godwin Ehigiamusoe, … Continue Reading
“state-sponsored kidnap” – U.S. Group Urges President Biden to Respond To the detained Binance Officials in Nigeria
The United States Chamber of Digital Commerce has issued a fervent plea to President Joe Biden, calling for the employment of every available diplomatic measures to secure the immediate release of two Binance officials detained by Nigerian authorities.
The Chamber … Continue Reading
SEC Raises Nigerian Crypto Exchange Registration Fee by 500% to N150M
Nigeria’s Securities and Exchange Commission (SEC) has unveiled proposed amendments to the registration fees for platforms offering Crypto Exchange services. The proposed changes aim to provide clarity and incorporate feedback from industry stakeholders, particularly following engagements with the Central Bank … Continue Reading
Central Bank of Nigeria Allocates N100bn, Two Million Bags of Fertilisers to Ministry of Agriculture
The Central Bank of Nigeria (CBN) has announced a significant allocation of resources to the Ministry of Agriculture in a bid to tackle the soaring food prices plaguing Nigeria..
Governor Olayemi Cardoso revealed during a meeting at the ministry’s … Continue Reading
Federal Government Launches Presidential Conditional Grant Scheme to Empower Nano Businesses Nationwide
The Federal Government of Nigeria has unveiled the Presidential Conditional Grant Scheme (PCGS) as part of its Presidential Palliative Programme. Commencing on March 9, 2024, this initiative aims to provide financial grants, free from repayment obligations, to eligible … Continue Reading
Nigeria’s Agriculture Exports Face Setback Due to Quality Concerns, Says Ngozi Okonjo-Iweala
In a recent address in Abuja, the World Trade Organisation (WTO) Director-General, Ngozi Okonjo-Iweala, highlighted Nigeria’s declining position in global agriculture export markets.
Despite ample arable land and increased investments, Nigeria has shifted from being a net exporter to a … Continue Reading
MTN Nigeria Invests $120 Million to Expand 5G Coverage Amidst Forex Challenges
MTN Nigeria has disclosed an investment of over $120 million in the last two years in a bid to enhance telecommunications infrastructure and expand 5G coverage across … Continue Reading
Nigeria’s Crude Oil Earnings Surge by N449.93bn Over Two Months
Recent data analysis reveals a significant uptick in Nigeria’s crude oil earnings, showcasing a robust performance for the Federal Government. According to reports, earnings from crude oil soared by approximately N449.93 billion during the months of December 2023 and January … Continue Reading
Central Bank of Nigeria Mandates Financial Institutions to Submit Monthly Financial Returns or Face Sanctions
The Central Bank of Nigeria (CBN) has issued a stern directive to Microfinance Banks (MFBs), Primary Mortgage Banks (PMBs), and Development Financial Institutions (DFIs), mandating them to submit their financial returns monthly through the FinA application. Failure to … Continue Reading
MTN Nigeria Foundation Invests N600 Million to Empower Female Entrepreneurs
The MTN Nigeria Foundation has launched the second phase of its Y’ellopreneur initiative, with an investment of N600 million. The initiative aims to address the gender inequality prevalent in Nigeria, where female unemployment stood at 35.2 percent in 2020.… Continue Reading