Afreximbank, UK’s CDC Group sign $100m agreement for trade

The African Export-Import Bank (Afreximbank) and the United Kingdom’s CDC Group Plc at the weekend in Casablanca, Morocco, signed a $100-million master risk participation agreement to support Afreximbank’s Trade Facilitation Programme. Under the terms of the risk participation arrangement, CDC will provide unfunded risk participation to Afreximbank as the Bank provides trade finance products that…

Buhari pledges to revive cotton, textile industry

President Muhammadu Buhari, Friday, in Abuja, pledged the commitment of his administration to revive the ‘good old days’when the cotton and textile industry employed hundreds of thousands of Nigerians. Receiving the CEO of Vlisco Group, David Suddens, at the Presidential Villa, President Buhari welcomed the proposed investment of $200 million by the company in Nigeria, which…

FG restates commitment to revamp Onitsha Inland Port

The Federal Government has restated its commitment towards ensuring that the Onitsha Inland Waterways and others across the country are viable and functional.The Managing Director of National Inland Waterways Authority (NIWA), Sen. Adeleke Mamora, gave the assurance on Monday during a facility tour of the Onitsha Inland Port. Mamora, who described the NIWA Onitsha as “an…

850,000 farmers benefit from Anchor Borrowers Programme – CBN

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said that over 850,000 farmers have benefitted from its Anchor Borrowers’ Programme. Emefiele, who was represented by the Deputy Director, Development Finance Department, CBN, Mr Osita Nwanisobi, said this during a financial inclusion conference as part of events to mark EFInA’S 10th anniversary in…

US, France, others show interest in Nigeria Air – FG

The governments of the United States of America and France are interested in Nigeria Air, the Federal Government announced on Thursday. It also dismissed claims that the process for the establishment of the national carrier was suspended due to the lack of investors. Speaking at the 5th Aviation Stakeholders’ Forum in Abuja, the Minister of State for…

Our democracy is improving steadily – Buhari

President Muhammadu Buhari Monday in Abuja said Nigeria’s democracy is steadily improving with deeper understanding of the culture and tenets among the people, and strengthening of the institutions that guarantee free and fair elections.The President stated this when he received the Governor General of Canada, Rt. Hon. Julie Payette, at the Presidential Villa, Abuja. The…