AfDB approves $11m budget allocation to improve fertilizer financing for smallholder farmers
Cynthia EzekweMay 23, 2023
By Cynthia Ezekwe The board of directors of the African Development Bank (AfDB) has approved $11.7 million budgetary allocation to the African Fertilizer Financing Mechanism (AFFM) for its 2023 operations, to improve fertilizer production/supply, and facilitate access to inputs and technical assistance for smallholder farmers. According to a statement obtained from AfDB, the approval included […]
Inspiring Nigerian teachers urged to apply for 2023 $1m Global Teacher Prize
Business a.m.May 23, 2023
By Business A.M. Inspiring Nigerian teachers are urged to apply for the Varkey Foundation Global Teacher Prize 2023, organised in collaboration with UNESCO and in strategic partnership with Dubai Cares. The annual $1 million award,now in its eighth year, is the biggest prize of its kind for a teacher who has made an outstanding contribution […]
IMG grows assets to N6.78bn, proposes dividend
Business a.m.May 23, 2023
By Business A.M. Industrial and Medical Gases (IMG) Nigeria plc, has grown its total assets to N6.78 billion as at the year ended December, 2022, an increase of 21 percent, compared with N5.60 billion posted in 2021. The profit before tax of the frontline manufacturer of industrial and medical gases in Nigeria also grew […]
Adeosun, CIS president, explains MoU with Lagos Business School
Business a.m.May 23, 2023
By Business A.M. The Chartered Institute of Stockbrokers (CIS) through its training arm, CIS Academy, has executed a Memorandum of Understanding (MOU) with the Lagos Business School (LBS) for sustainable capacity building and development training. The first series, which was held at LBS recently, and focused on a range of issues about “Board, Leadership, Regulation, and Compliance Issues […]
The Power of Emotional Intelligence in Call Centre Outsourcing: Creating Meaningful Customer Connections
Businessam StaffMay 22, 2023
In the fast-paced world of contact centre outsourcing, where interactions are often transactional, the power of emotional intelligence is often overlooked. However, the ability to understand and connect with customers on an emotional level can make a significant impact on the success of call centre operations. Let’s explore the importance of Emotional Intelligence (EI) in […]
EIB, IFAD seal agreement to strengthen food security, accelerate project implementation in Africa
Cynthia EzekweMay 18, 2023
By Cynthia Ezekwe The European Investment Bank (EIB) and the United Nation (UN) International Fund for Agricultural Development (IFAD) have sealed agreements to strengthen food security, climate adaptation, and accelerate project implementation in low-and-middle-income African countries. The agreements were signed recently in Rome by Ambroise Fayolle, EIB Vice-president, and Alvario Lario, IFAD president, for a […]
AfDB approves $15m loan for InfraCredit to bridge Nigeria’s infrastructure finance gap
Onome AmugeMay 18, 2023
By Onome Amuge The board of directors of the African Development Bank (AfDB), has approved a $15 million subordinated loan to Infrastructure Credit Guarantee Company Limited (InfraCredit) to strengthen its capital base and help close Nigeria’s infrastructure financing gap. The financing is expected to enable InfraCredit to leverage domestic capital markets to bolster […]
CBN targets 95% financial inclusion with launch Of SabiMoni
Cynthia EzekweMay 16, 2023
By Cynthia Ezekwe As an avenue to upscale financial inclusion in Nigeria, the Central Bank of Nigeria has launched SabiMoni, a financial literacy e-learning platform, to achieve the 95 per cent financial inclusion target by 2024. The EFInA Access to finance report 2020 indicated that Nigeria has a high rate of financial exclusion when compared […]
InsurTechs shaping Nigeria’s N2.33trn insurance market
Alexander ChiejinaMay 16, 2023
By Alexander Chiejina Leverages AI for risk and demand modelling, Fraud detection, claims processing, and lots more. Even while these changes can initially be accompanied by fear and doubt, innovation through new technology is a fundamental driver of change in the financial sector and this has led to incalculable efficiency improvements. The […]
FirstBank offers special discounts, deals to debit, credit cards customers
Business a.m.May 16, 2023
By Business A.M. Debit and credit cards customers of FirstBank, the Nigerian Tier-1 bank with operations across Africa, Europe and China, are set to enjoy huge discounts from using the cards to make purchases of goods and services, the bank said in a statement released at the weekend. The special discounts, some as high as […]