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).
Economy
Most viewed
Popular
-
Experts analyse CBN’s MPR decision, say policy should lower lending costs
-
Transport costs may drop as FG distributes 4,000 electric tricycles to Nigerian youths
-
Nigerians struggle as bread prices refuse to fall despite drop in cost of flour
-
Belgian PM digs in against EU push to use Russian assets for Ukraine
-
Canada PM under fire for alleged climate U-turn
Economy Latest News
Price hikes nibble at demand for Lindt chocolate
Premium Swiss chocolate maker Lindt & Sprungli hiked its 2025 sales target as cocoa price hikes passed on to customers outweighed a drop in volumes. While sales volumes declined by 4.6 percent, it still saw revenues climb by nine percent to 2.4 billion Swiss francs ($3.0 billion) as consumers continued to buy chocolate despite the price hikes.
UK gives green light to £38 bn Sizewell C nuclear plant
The UK government on Tuesday gave new British nuclear power plant Sizewell C the final go-ahead, after it struck a deal with investors, in a move to bolster energy security. The UK has refocused on shoring up nuclear power since the start of the war in Ukraine, in the name of energy security and faced with a fleet of ageing power stations.
AstraZeneca says to invest $50 bn in the US
British pharmaceutical giant AstraZeneca said Tuesday it would invest $50 billion in the United States amid a looming deadline of ramped-up tariffs from Washington. The United States is a key market for the pharmaceutical industry, and AstraZeneca had already announced in April that it had begun transferring part of its European production to the United States.
Stocks mixed with trade and earnings in focus; Tokyo reopens with gains
Asian markets were mixed Thursday as traders kept an eye on earnings from Wall Street titans this week while tracking US trade talks just over a week before the deadline for a deal. "Markets have seen this movie before: tough talk, last-minute extensions, and deal-making in overtime.
France jails three in champagne 'slaves' case
A French court on Monday jailed three people for human trafficking in the champagne industry, exploiting seasonal workers and housing them in appalling conditions.
German govt looks to roll back tax hike on flights
Germany's government signalled Monday that it may reverse a rise in the tax applied to passenger flights as it steers a pro-business turn in Europe's top economy. Chancellor Friedrich Merz of the CDU has tried to forge a pro-business course to revive a sluggish economy, introducing tax breaks for business investment and promising to reduce bureaucracy. lep-vbw/fz/rmb
German industry alliance lays out domestic investment push
More than 60 German companies said Monday they would fund new domestic investments worth at least 100 billion euros ($117 billion) each as Chancellor Friedrich Merz seeks to revive Europe's largest economy. The CEOs of the two German heavyweights were received in the chancellery in Berlin by Merz, who declared that "the message is very clear... it is worth investing in Germany again".
UK overhauls regulation of 'broken' water system
The UK government announced Monday it will overhaul the management and regulation of the water system, following a landmark report that slammed systematic failings in the heavily-criticised industry. It urged the UK and Welsh governments to give themselves more powers to "direct" failing water firms, while also demanding an overhaul of their regulation.
US tariffs help push Jeep owner Stellantis into big loss
Jeep owner Stellantis said on Monday it suffered a massive loss in the first half of the year, when it felt the first impact of new US tariffs and took a massive charge following a change in US laws. The 2.3-billion-euro ($2.7-billion) net loss in the first half of the year came as sales in North America continued to slump, down 25 percent by volume in the second quarter year-on-year.
Economy
Load more