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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
LAPO Microfinance Bank Rewards Customers with N5 Million in Xpress Savings Promo
LAPO Microfinance Bank has concluded its season two of the Xpress Savings Promo, with a total of 101 customers walking away with cash prizes totaling N5 million. The promo, which ran for three months, saw an impressive influx of deposits, … Continue Reading
Minister of Finance Attributes Rising Inflation to N22.7 Trillion Printing by CBN
The Minister of Finance, Olawale Edun, has attributed the current economic challenges facing Nigeria, including rising inflation and economic hardship, to the printing of N22.7 trillion by the Central Bank of Nigeria (CBN) under the government of former President … Continue Reading
MDaaS Global Raises $3 Million to Expand Healthcare Network Across Nigeria
Health tech startup MDaaS Global has secured $3 million in pre-Series A funding. The investment, targeted at expanding its offerings, marks a milestone for the startup as it … Continue Reading
Binance Ceases NGN Services in Nigeria Amid Regulatory Disputes
Binance, a prominent global cryptocurrency exchange, has announced the termination of all services involving the Nigerian naira (NGN) in Nigeria. The decision comes amidst ongoing regulatory disputes with the Nigerian government and accusations of forex market manipulation and illicit fund … Continue Reading