Business Archives - Page 9 of 47

Nigeria Launches Single-Digit Loan Scheme for 6,122 MSMEs

NewsDeskNgFeb 18, 2026February 18, 20260

Nigerian government unveils single-digit loan programme targeting 6,122 MSMEs to boost productivity, youth entrepreneurship and job creation. The Federal Government has unveiled a new financing initiative designed to strengthen Nigeria’s entrepreneurial ecosystem by granting 6,122 Micro, Small, and Medium Enterprises (MSMEs) access to single-digit interest loans under the SMEDAN Inspire–Create–Start–Scale...

Dangote: Naira Will Appreciate To N1,100/$ This Year

NewsDeskNgFeb 18, 2026February 18, 20260

Aliko Dangote has predicted that naira could strengthen to N1,100 per dollar in 2026 amid industrial growth and government policies. Aliko Dangote, chairman of the Dangote Group, has predicted that the naira could strengthen to N1,100 per dollar in 2026, citing the impact of government policies and the country’s industrial...

Yemi Kale Urges Nigeria To Harness Bank Recapitalisation To Bridge $120bn Trade Finance Gap

NewsDeskNgFeb 18, 2026February 18, 20260

Kale says stronger bank capitalisation closes trade finance gap and accelerates Nigeria’s path to $1 trillion economy. The Group Chief Economist and Managing Director, Research and Trade Intelligence at Afreximbank, Dr. Yemi Kale, on Tuesday said Nigeria must strategically leverage the ongoing banking sector recapitalisation to help close Africa’s $80...

Shettima Urges Broader Support For MSMEs, Calls For Digital And Agricultural Expansion

NewsDeskNgFeb 17, 2026February 17, 20260

Shettima tasks stakeholders to deepen MSME support, leverage digital economy and agriculture for jobs and growth nationwide. Vice President Kashim Shettima has urged financial institutions, government agencies and private sector stakeholders to expand their support for Micro, Small and Medium Enterprises (MSMEs), stressing their central role in economic growth, job...

MTN To Acquire IHS Towers In $6.2bn All-Cash Deal

NewsDeskNgFeb 17, 2026February 17, 20260

Excerpt: MTN Group agrees $6.2 billion all-cash acquisition of IHS Towers, strengthening Africa digital infrastructure partnership and expansion strategy. MTN Group has reached an agreement to acquire IHS Towers in Excerpt: MTN Group agrees $6.2 billion all-cash acquisition of IHS Towers, strengthening Africa digital infrastructure partnership and expansion strategy. MTN...

Dangote Signs $400m Equipment Deal To Accelerate Refinery Expansion

NewsDeskNgFeb 17, 2026February 17, 20260

Dangote seals $400m XCMG deal to fast-track refinery expansion to 1.4 million bpd, targeting global industry leadership. Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., in a move aimed at accelerating the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000...

Federal Panel Seeks Oil Sector Emergency, Two-Decade Forensic Audit

NewsDeskNgFeb 17, 2026February 17, 20260

A federal committee has urged emergency measures, forensic audit of crude output since 2004, and derivation refunds among oil states. A high-level inter-agency committee set up by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has recommended that the federal government declare a state of emergency in Nigeria’s oil and...

World Bank, Access Bank CEO Say Recapitalisation Will Boost Private Sector Credit

NewsDeskNgFeb 15, 2026February 15, 20260

World Bank director Verghis and Access Bank CEO Ogbonna predict recapitalised banks will increase lending, strengthen liquidity, and drive economic growth across Nigeria. World Bank Country Director for Nigeria, Mr. Matthew Verghis, on Thursday declared that the ongoing recapitalisation of the banking industry will strengthen banks’ position to increase lending...

United Nigeria Airlines To Launch Direct Lagos–New York Flight Mid-2026

NewsDeskNgFeb 15, 2026February 15, 20260

United Nigeria Airlines will commence direct flights from Lagos to New York by mid-2026, to mark its fifth anniversary. Nigeria’s fast-growing carrier, United Nigeria Airlines (UNA) has announced it would start direct flight to New York from Lagos, mid 2026, five years after it started operation. During the period, the...

Bayelsa Strengthens Angola Ties, Moves To Activate MoU With Namibe Province

NewsDeskNgFeb 12, 2026February 12, 20260

Bayelsa aims to implement MoU with Angola’s Namibe Province, focusing on fisheries, aquaculture, and economic collaboration. Bayelsa State has stepped up efforts to strengthen economic and diplomatic ties with Angola, as it moves to implement a Memorandum of Understanding (MoU) signed with Namibe Province during the renewed Nigeria–Angola Bilateral Commission....