Category: Business

African banks, policymakers and the African Union are pushing for a continent-wide single-digit financing facility to boost livestock investment, strengthen pastoral economies and improve food security. By Raymond Akorede African financial institutions, policymakers and development partners are advocating the creation of a continent-wide low-interest financing facility to accelerate investment in the livestock sector, describing affordable…

FirstBank has advised Nigerian SMEs to strengthen cash flow and maintain proper financial records, saying repayment capacity now carries more weight than collateral in business loan approvals. By Kikelomo D. FirstBank Nigeria has encouraged small and medium-sized enterprises (SMEs) to focus on maintaining strong cash flow and accurate financial records, saying these factors play a…

NECA, MAN, NACCIMA and other employer groups say additional pension burden could slow investment and job creation By GLEBM News Nigeria’s organised private sector has urged the Federal Government to suspend plans to increase mandatory pension contributions, warning that the proposal could place additional financial pressure on businesses already grappling with high operating costs and…

MAN says structural challenges continue to limit productivity despite ongoing economic reforms By GLEBM News The Manufacturers Association of Nigeria (MAN) has renewed calls for comprehensive structural reforms aimed at improving productivity, reducing production costs and strengthening the competitiveness of Nigeria’s manufacturing sector. The association said while recent economic reforms are intended to reposition the…

By Kikelomo D. The Senate has warned that it will invoke its constitutional powers to compel the appearance of the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL), and about 40 other Ministries, Departments and Agencies (MDAs) over their alleged failure to honour invitations issued by the Senate Committee on Finance….

By GLEBM News The National Information Technology Development Agency (NITDA) has called for stronger collaboration, proactive risk management, and sustained capacity building across government institutions to combat the growing threat of cyber attacks targeting Nigeria’s digital infrastructure. The call was made during the opening of a two-day cybersecurity workshop in Abuja themed “Building Capacity and…