Ohanaeze Launches N85m Igbo Cultural Renaissance Drive
Ohanaeze Ndigbo announces N35m for Igbo studies chairs & N50m for new development bodies. New Enugu HQ nears completion. Leaders call for unity and global cultural projection.
Category : Search result: development financing
Kaduna 2026 Budget: N100m Allocated to Each Ward
Kaduna State's 2026 budget allocates N100m to each of its 255 wards for grassroots projects. Education receives the largest share at 25% of the N985.9bn budget. Read details of the historic plan.
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
UBA, Lagride $100m Scheme to Empower 3,500 Lagos Drivers
UBA, Lagride & Lagos State launch a $100m 'Drive to Own' scheme. 3,500 drivers can own a car with 10% equity. CEO shares personal story of driver father. #Empowerment #Lagos
Heirs Energies Gets $750m Afreximbank Financing
Heirs Energies secures a landmark $750 million financing from Afreximbank, marking a major vote of confidence in Nigeria's indigenous energy sector. Read the full story.
Lagos, NIOB Partner on Physical Planning and Development
Lagos State Government commits to collaboration with NIOB to enforce building standards, ensure safety, and promote sustainable urban growth. Learn about the new regulatory push.
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.
Electric Tricycles Launched in Abuja to Combat Pollution
Alpha and Roadrunner unveil electric passenger and cargo tricycles in Abuja. The initiative, featuring a lease-to-own model, aims to cut emissions and boost operator income. #GreenTransport #Nigeria
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.
UAE's $1bn AI for Development Initiative Targets Africa
The UAE has launched a $1 billion 'AI for Development' initiative to finance AI projects in Africa, aiming to enhance digital infrastructure, government services, and productivity across the continent.
Accion MFB Calls for Urgent Reforms to Finance MSMEs
Accion Microfinance Bank pushes for digital onboarding and value-chain financing to unlock credit for Nigeria's informal sector, crucial for 80% of jobs. Read the key reforms needed.
Woman's Heartbreak After Financing Boyfriend's Move Abroad
A 37-year-old woman reveals how she brought her boyfriend abroad, financed everything, only for him to fall in love with her pregnant neighbour. Full story and video.
Union Bank Unveils 'Endless Possibilities' Campaign
Union Bank of Nigeria launches its 'Endless Possibilities' campaign, celebrating Nigerian resilience and ambition. Discover how the 108-year-old bank supports growth.
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.
FG Launches Working Group for Regional Development
The Ministry of Regional Development has inaugurated a Core Working Group to coordinate policies and promote inclusive growth across Nigeria's geopolitical zones. Learn about the strategy.
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.
Prominent Nigerians Deny Terrorism Financing Allegations
Former CBN Governor Godwin Emefiele, ex-AGF Malami, and Ambassador Buratai have issued strong denials after being named in a report revisiting a 2021 terror financing probe. Read their full statements.
Ex-Army Chief Buratai Denies Terrorism Financing Links
Former Chief of Army Staff, Lt.-Gen. Tukur Buratai, has vehemently denied an online report linking him to terrorism financiers. He calls for a retraction and apology or faces legal proceedings.
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.
Ex-AGF Malami Refutes Terror Financing Allegations
Former Attorney-General Abubakar Malami dismisses terror financing insinuations as politically motivated. He highlights his anti-terrorism reforms. Read his full statement.
Ex-Justice Minister Malami Rejects Terror Sponsor Claims
Former AGF Abubakar Malami breaks silence, dismissing terror financing claims as baseless and politically motivated. He highlights key anti-money laundering reforms from his tenure. Read his full statement.
Zamfara Gov Launches 10-Year State Development Plan
Governor Dauda Lawal unveils Zamfara's first comprehensive 10-year development roadmap, focusing on six key pillars to transform the state's economy and security. Read the full plan.
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.
FG Slammed for Protecting Identities of Terror Financiers
Political activist Timi Frank accuses the Nigerian government of shielding terrorism sponsors and credits US actions for forcing a security response. He urges withholding intelligence until prosecution.
FCMB Named Nigeria's Best SME-Focused Bank for 2025
First City Monument Bank (FCMB) wins the 2025 Best SME Focused Bank award from CIBN, holding a dominant 24% of industry SME lending. Discover how they fuel Nigeria's top economic sectors.
Bank CEO Calls for $25bn Aviation Fund in Nigeria
Fidelity Bank CEO Nneka Onyeali-Ikpe urges the Federal Government to create specialised funding from the CRR to bridge Nigeria's $25 billion aviation finance gap and support fleet growth.
$50m Credit Boost for Northern Nigeria MSMEs
British International Investment and FCMB partner to provide a $50 million credit facility, with 70% targeting MSMEs in Northern Nigeria and 30% for women-owned businesses nationwide. Read more.
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