Financing

Tinubu Appoints Joseph Tegbe as DG for Nigeria-China Strategic Partnership

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President Bola Tinubu has appointed Joseph Olasunkanmi Tegbe as the Director-General and Global Liaison for Nigeria-China Strategic Partnership, marking a significant step in the bilateral relationship between the two countries. This announcement was made by Bayo Onanuga, Special Adviser to the President (Information and Strategy), in a statement released on Sunday. Tegbe’s appointment aligns with … Read more

China’s Xi Jinping Pledges Over $50 Billion Financial Support for Africa

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Chinese leader Xi Jinping pledged over $50 billion in financing for Africa over the next three years, promising to enhance cooperation in infrastructure and trade during Beijing’s largest summit since the pandemic. EKO HOT BLOG reports that more than 50 African leaders, along with UN Secretary General Antonio Guterres, are attending this week’s China-Africa forum, … Read more

Wike Unveils Detailed Plan For Allocation of FCT’s N1.28 Trillion Budget

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Allocation of FCT's N1.28 Trillion Budget

FCT Minister Nyesom Wike Unveils Detailed Plan For Allocation of FCT’s N1.28 Trillion Budget. 70% of the budget allocated to capital expenditure, with emphasis on completing ongoing projects and initiating new ones. Financing sourced from financial markets using the FCT’s IGR, aiming to expedite project completion and restore contractor confidence. EKO HOT BLOG reports that the … Read more

UK Approves Naira For Trade Financing

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Naira

  EKO HOT BLOG reports that Britain will add the naira to its list of “pre-approved currencies” for financing transactions. This will enable United Kingdom (UK)’s export finance agency to provide financing for transactions with Nigerian businesses denominated in the local currency. EDITOR’S PICKS Delta Community Imposes N10,000 Fine, 40 Stroke For Ladies, Others Caught … Read more

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