Union Bank Provides Assistance to 6,000 Regional Farmers
In order to support farmers in Kebbi State in their efforts to become financially included, Union Bank of Nigeria has teamed up with Wacot Rice Limited.The bank said on Tuesday that it has teamed up with the rice processing business Wacot Rice Limited to financially support 6,000 neighborhood growers.This was said to apply to mothers […]
Fidelity bank, SMEDAN agree to close $158.1 billion SME financing gap
A Memorandum of Understanding (MoU) was signed between Fidelity Bank Plc and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to close the $158.1 billion financing gap for small and medium-sized businesses in Nigeria. According to the World Bank, Nigeria’s financing gap for MSMEs is estimated at $158.1billion. The MoU, according to both […]
New UK Prime Minister, Truss’ policy could boost UK-Nigeria trade beyond current £4.4 billion
Mary Elizabeth Truss, the leader of the Conservative Party, taking power as Britain’s next Prime Minister (PM). Her policy trust may just be the tonic to ramp up UK-Nigeria trade beyond the current £4.4 billion mark. Truss, aged 47, is the third female Prime Minister of the United Kingdom; following Theresa May and Margaret Thatcher. The […]
Worries as FG’s debt may hit N54tn
…Plans to borrow to finance 2023 budgetThe Federal Government is proposing a budget with estimates totalling N19.76tn, while the deficit will hover between N11.30tn and N12.41tn in the 2023 fiscal year. If the deficit settles at N12.41tn in 2023, the Federal Government may need to borrow to finance it, which could raise Nigeria’s total debt […]