February 23, 2018

IFC to support private sector with $1bn Naira-denominated bonds

IFC to support private sector with $1bn Naira-denominated bonds... NAIJA INVEST

Still basking in the success of its debut Naija Bond, the International Finance Corporation (IFC) is to float a series of $1 billion Naira-denominated bonds to deepen Nigeria’s capital market and support private sector development in the country. According to its Vice President and Treasurer, Mr Jingdong Hua, who disclosed this Wednesday in Lagos at the Debt Markets Conference organized by Securities and Exchange Commission (SEC) and IFC in partnership with National Pension Commission (PenCom), the objective of the programme is to help the private sector grow at micro level: “One entrepreneur at a time.” He explained that the organization…

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UN partners Nigeria, seven others on reproductive health

UN partners Nigeria, seven others on reproductive health.... NAIJA INVEST

The United Nations Population Fund (UNFPA) said it would support programmes in eight African countries over the next three years to boost access to reproductive health services for millions of adolescent girls. According to UNFPA Executive Director, Dr. Babatunde Osotimehin, the countries include Nigeria, the Democratic Republic of the Congo (DRC), Ethiopia, Mozambique, Niger, Sierra Leone, South Sudan and Tanzania. “We are working specifically to ensure that the continent’s adolescent girls, between the ages of 15 and 19, who lives in sub-Saharan Africa get a good education, are able to decide whether and when to marry and have children, are…

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First Bank signs $100m SME facility agreement with China Bank

First Bank signs $100m SME facility agreement with China Bank... NAIJA INVEST

In its bid to boost lending to small and medium scale enterprises in Nigeria, and also stimulate economic growth in the country, Nigeria’s Best Banking Brand, First Bank of Nigeria Limited today signed a $100m facility agreement with China Development Bank (CDB), a leading bank in the Peoples’ Republic of China. This is coming on the heels of the FirstBank’s extension of a single digit credit facility to Nigerian entrepreneurs in partnership with the Nigeria Association of Small Scale Industrialists (NASSI). The signing of the landmark agreement, witnessed by President Goodluck Jonathan, who is on a State visit to China;…

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Nigeria’s Foreign Direct Investment Now $8.9bn

Nigeria's Foreign Direct Investment Now $8.9bn... NAIJA INTEL

The Minister of Foreign Affairs, Ambassador Olugbenga Ashiru,  Thursday told the members of the National Working Committee (NWC) of the Peoples Democratic Party (PDP) that the foreign direct investment (FDI) into Nigeria rose significantly to $8.9 billion at the end of 2012. The amount, he said was far higher than the $6.1 billion realised by the country in 2010. He also said at the end of 2012, Nigerians in the Diaspora contributed over $15 billion to the economy. Also, the minister of foreign affairs told the PDP NWC members that there were over 9,500 Nigerians in foreign prisons. Giving accounts…

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Ekiti Govt. Woos Local, Foreign Investors

ekiti state logo... Ekiti Govt. Woos Local, Foreign Investors.. NAIJA INVEST

The Ekiti State Commissioner for Culture and Tourism, Mrs Ronke Okusanya, on Friday urged local and foreign investors to tap into the numerous potentials of the state. Okusanya, who made the call in a statement issued in Lagos, described the state as the haven of tourists in Nigeria. She urged individuals, corporate organisations and other tourists to invest in the sector. “Ekiti State is richly-endowed with tourism potentials. Tourists to the state will be irresistibly charmed with the beauties of Ikogosi. “Ikogosi is a centre where warm and cold water oozing from different sources flowing separately to join in a…

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