Category : Search result: bank financing


Terrorists Using PoS to Collect Ransom - FG

The FG reveals terrorists are exploiting PoS operators to collect ransom, making funds harder to track. Security agencies are collaborating with tech firms to dismantle their networks.

Terrorists Use PoS for Ransom, FG Alerts Public

The Nigerian government warns terrorists are using PoS agents to collect ransom, evading detection. Security agencies are working with social media giants to dismantle terror networks. Read more.

Chappal Energies gets $430m financing for oil assets

Chappal Energies secures a $430 million reserve-based lending package to refinance its acquisition of Equinor's Nigerian assets and fund development. This deal highlights investor confidence in well-structured African upstream projects despite tight capit

No Bank Shutdowns from CBN Recapitalisation - ACAMB

The Association of Corporate Communication & Marketing Professionals in Banks dismisses viral claims of 12 banks shutting down. ACAMB assures the public the recapitalisation is proceeding smoothly to strengthen the financial system.

World Bank Approves $500m for Nigerian MSMEs

The World Bank has greenlit a $500 million package to boost credit access for Nigeria's MSMEs. The FINCLUDE project targets women-led and agribusiness firms to drive growth and jobs. Read more.

Kebbi Youths Protest EFCC Detention of Ex-Minister Malami

Youths in Kebbi State protest the EFCC's detention of former AGF Abubakar Malami, who faces 18 charges including money laundering and terrorism financing. He claims the probe is politically motivated. Read the latest.

Africa Reclaims Development Wheel After USAID Freeze

The abrupt freeze of USAID funding forces African governments and civil society to recalibrate strategies, sparking a crucial shift towards sovereignty and sustainable domestic financing for health and gender programmes.

Russian court fines Austrian bank Raiffeisen $400m

A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.

FG Pushes States to Lead Disaster, Poverty Response

Federal Government mandates states to lead humanitarian and poverty reduction efforts. New 'One Humanitarian, One Poverty Reduction System' aims to harmonise interventions and boost accountability.

N37.59tr Maritime Trade Renews Call for Local Shipping

Nigeria's massive N37.59 trillion sea trade in Q3 2025 highlights a critical need for a strong indigenous shipping industry. Experts warn of billions in annual losses and urge action on the dormant Cabotage Fund to reclaim maritime wealth.

How Boko Haram Gets Money: 4 Funding Sources Revealed

Nigerian journalist Ahmad Salkida details Boko Haram's adaptive financial model, from community donations to criminal enterprises, explaining its resilience against military pressure. Read the full analysis.

Ex-CBN Gov Emefiele Denies Sponsoring Terrorism

Former CBN Governor Godwin Emefiele has vehemently denied allegations of financing terrorism in Nigeria, describing the reports as malicious and baseless. Read his full statement and the context of the claims.

Nigeria Must End Reliance on Foreign Health Aid - Presidency

Presidential adviser Dr. Salma Anas warns Nigeria's health system is vulnerable due to over-reliance on foreign grants and high out-of-pocket payments. The government is pushing for Domestic Resource Mobilisation to achieve Universal Health Coverage.

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