AFDB, FED sign $20mln Trade Finance agreement to support SMEs in Nigeria

Nigerian Tribune Image used for illustrative purpose. Getty Images The African Development Bank (AfDB) has signed a $20 million Trade Finance Facility Agreement with FSDH Merchant Bank, to support small- and medium-sized businesses in Nigeria’s industrial and manufacturing sectors. The facility consists of a $15 million Trade Finance Line of Credit to support SMEs and…

Polaris Bank pledges support for infrastructure development, others in Ogun, Nigeria

Nigerian Tribune A beautiful Landscape of Benin city, Edo state, Nigeria, west Africa. Getty Images Image used for illustrative purpose. Polaris Bank has pledged to support the development of high-impact sectors, including road infrastructure, housing, education, healthcare and agro processing in Ogun State. Managing Director/CEO of Polaris Bank, Mr Adekunle Sonola, stated this while speaking…

SEC seeks collaboration to enhance economic growth in Nigeria

Nigerian Tribune Image used for illustrative purpose Getty Images The Securities and Exchange Commission (SEC) has called for collaboration between the government and market participants to enhance market growth and facilitate economic development. The Director-General of SEC, Mr Lamido Yuguda, made the call while addressing journalists at the 2023 conference of the Capital Market Correspondents…

Funding gaps in micro, small and large businesses in Nigeria

Nigerian Tribune Funding. Image used for illustrative purpose. Getty Images IN Africa, apart from the known business challenges such as the decrepit infrastructure, inconsistent government policies, double taxation, increasing inflation, regulation irregularities and the COVID-19 pandemic consequences in recent times, overwhelmingly, the lack of capital or funding issues contribute mainly to business failures. According to…

WHO ‘very worried’ about spread of mpox in DRC

By Jennifer Rigby The World Health Organisation (WHO) logo is seen near its headquarters in Geneva, Switzerland, February 2, 2023. REUTERS/Denis Balibouse Purchase Licensing Rights LONDON, Dec 8 (Reuters) – The World Health Organization is “very worried” about the spread of a severe form of mpox that has killed nearly 600 people, mainly children, in the Democratic Republic…

South Africa’s current account deficit narrows sharply in third quarter

Reuters News The World Health Organisation (WHO) logo is seen near its headquarters in Geneva, Switzerland, February 2, 2023. REUTERS/Denis Balibouse Purchase Licensing Rights South Africa’s current account deficit narrowed sharply in the third quarter of 2023, to 0.3% of gross domestic product (GDP) from a revised 2.7% in the second quarter, central bank data showed on…

Nigerian FG seeks collaboration to tackle unemployment, others

Nigerian Tribune Landscape of broad street in Lagos. Getty Images image used for illustrative purpose. Federal Government has said that the current economic contractions and realities pose a lot of challenges for government to achieve developmental agenda and called on support of volunteers across the country to address the challenges of unemployment, poverty, food insecurity…