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AFDB Approves 49M Equity Investment for SMEs in Nigeria

The African Development Bank has approved a nine million dollar equity investment in the Fund for Agricultural Finance in Nigeria (FAFIN) to provide expansion capital to agricultural small and medium-sized enterprises (SMEs). This was contained in a press statement issued by the bank on Monday and published on its web: The statement …

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Financial Experts call for more domestic participation in green bonds

Experts in Nigeria’s financial sector have called for more domestic participation in green bonds investment explaining that this will go a long way in helping the Nation claw its way out of deficit in infrastructure, power. energy, transportation as well as eliminating environmental degradation. Acting Director General, Securities and Exchange …

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Nigeria’s GDP drops by 2.24% in 3rd quarter as Inflation hits 18.3 %

For the third quarter 2016, Nigeria’s Gross Domestic Product (GDP) dropped by 2.24 per cent.  Data released on Monday by the National Bureau of Statistics (NBS) revealed that Nigeria’s economy shrunk by 2.06 per cent due to revenue shortage, foreign exchange shortage and volatile naria-dollar parity. According to the report, oil sector dropped …

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Presidency pledges full complince with fiscal responsibility act

The Federal Government has reiterated its resolve to fully comply with the provisions of the Fiscal Responsibility Act and other extant laws as they relate to the submission of budget proposals to the National Assembly. Presidential spokesman, GarbaShehu informed Journalists in Abuja that under the present dispensation, President MuhammaduBuhari has …

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