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OctUpon receiving approval from the Nigerian government, a $3.45 billion loan has been authorized for financing critical power sector initiatives, as well as an education and resource mobilization initiative. Although the initiative is intended to stimulate progress within the nation, it has engendered apprehensions regarding the escalating national debt crisis. Minister of Finance and Coordinating Minister of the Economy Wale Edun made the announcement during a press briefing that followed a Federal Executive Council (FEC) meeting on Monday at the Presidential Villa’s Council Chambers in Abuja, presided over by President Bola Tinubu. Edun disclosed that the loans would be characterized […]
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JunWema Bank Plc has reaffirmed its commitment to improving financial literacy and optimisation among its customers, particularly in the country’s Small and Medium Enterprises (SMEs). Facilitators presented thoughts on how SMEs may upscale their operations and the Wema products/services they can employ in a recent webinar titled “Unbundling Tax, Legal, and Compliance – Issues for SMEs.” The webinar is one of the ways the bank is educating its stockholders about financial literacy and business optimization. Hilary Ajodo, Head, Legal Services, Wema Bank; Taiwo Oyedele, Fiscal Policy Partner & Africa Tax Leader, PricewaterhouseCoopers (PwC); Linda Ochugbua, Head, Online Sales & Digital[…]