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Wema Bank secures €50m EIB facility to support SMEs

By Henry Obetta  Wema Bank has secured  a Euro 50 million (N78.5 billion) financing facility from the European Investment Bank’s development arm, EIB Global, to expand access to credit for small and medium-sized enterprises (SMEs), with a strong focus on women- and youth-owned businesses. The agreement, signed in Lagos, marks the first transaction between EIB […]

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Banditry fight requires citizens’ support — DIG

By Musa Ubandawaki, Sokoto SOKOTO — The Deputy Inspector-General of Police in charge of Finance and Administration and Supervising the North-West, Suleiman Mohammad Abdul, has called on residents of Sokoto State to take greater ownership of security by strengthening community vigilance, intelligence sharing and collaboration with law enforcement agencies. Speaking during an interactive meeting with […]

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Xpress payment eyes AI, IoT for next growth phase

By Elizabeth Adegbesan Xpress Payment Solutions Limited has said its next phase of growth will be driven by emerging technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT), after processing transactions worth trillions of naira over the past decade. Managing Director and Chief Executive Officer of the company, Mr. Wale Olayisade, disclosed this […]

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Fake policeman arrested in Lagos for allegedly stealing officer’s uniform, belongings

By Matthew Johnson Operatives of the Lagos State Police Command have arrested a 22-year-old suspect, identified as Onipede Ojo, for allegedly stealing a police officer’s bag containing a camouflage uniform, warrant card, mobile phone, ATM card and other personal belongings, and using the items to impersonate a police officer. The command disclosed that the suspect […]

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Why smuggling persists across Nigeria’s borders

As Customs seizes 870 smuggled vehicles worth N3.88bn in 15 months By Efe Onodjae Stakeholders in the automobile and maritime sectors have identified delays and high clearing costs as major reasons Nigerian car importers patronise neighbouring countries’ ports and also resort to smuggling. Data from the Nigeria Customs Service (NCS) show that no fewer than 870 […]

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SEC partners Rwanda to accelerate African market integration

By Peter Egwuatu The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with Rwanda’s Capital Markets Authority (CMA), aimed at deepening cooperation and accelerating integration of African capital markets. Speaking at the signing ceremony in Abuja, Director-General of SEC, Dr. Emomotimi Agama, stressed the need for greater collaboration among African markets. […]

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