The Nigerian government announced plans to secure $500m loan from the World Bank to boost MSME lending in Nigeria through the Development Bank of Nigeria (DBN).
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Belgian PM digs in against EU push to use Russian assets for Ukraine
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Economy Latest News
Bad news for naira as external reserves decline by $950 million in 2 weeks
Nigeria's foreign exchange reserves have recorded a significant decline in the last 18 days as the Central Bank of Nigeria battles to defend the naira.
Beached whales: Airbus grounds its massive Beluga cargo flights
European aerospace giant Airbus confirmed Friday that it was shutting down its speciality freight business using colossal Beluga jets, resulting in the loss of 75 jobs. But it said that was not the main reason for shutting down the business.
Nigeria exports over N35trn worth of goods in 9 months, 10 countries biggest customers
The National Bureau of Statistics (NBS) has revealed that Nigeria recorded a favourable trade with the rest of the world as imports and exports grew.
IMF chief tells Europe to take page out of US book
With the European economy lagging behind the United States, the head of the International Monetary Fund had a piece advice for the continent on Friday: "Believe in yourself." "My advice to my fellow Europeans is more confidence.
Saudis showcase charm offensive in Davos
Two buildings branded "Saudi House" and "Saudi At Davos" stand out on the chic main street of the Swiss Alpine village hosting the World Economic Forum, showcasing the kingdom's growing presence at major international events.
Kazakhstan delays release of Azerbaijan plane black box data
The publication of the black box data from an Azerbaijani plane that crashed in Kazakhstan last month has been delayed, a Kazakh official said Friday, after Azerbaijan accused Russia of shooting the airliner.
France asks EU to delay rights, environment business rules
France on Friday asked the European Union to suspend "indefinitely" landmark new rules on environmental and human rights supply chain standards, saying they were too burdensome for businesses.
Telecom tariff hike: Subscribers to negotiate with NCC today as NLC, NANS threaten to protest
As NLC and associated bodies insist on collective action over the newly approved telecom tariff hike, Subscribers are set to negotiate with NCC and telcos
Troubled Burberry shows sign of recovery despite sales drop
British fashion house Burberry announced Friday a further decline in sales, hit by weak demand in China, but the troubled group is showing signs of recovery under new leadership. Burberry exited London's top-tier FTSE 100 index in September after 15 years, with analysts citing strategic mistakes and weak demand from China.
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