United Capital grows profit by 26.10% to N3.464b in 2020

WorldStage Newsonline– United Capital Plc, a leading financial services Group in Africa with focus on leveraging technology to empower businesses, individuals and governments has released its consolidated financial statement for the year ended 30 September 2020 with 32.81% growth in gross earnings to N7.069 billion from N5.322 billion in previous year.

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Union Bank secures $40m IFC facility to boost access to finance for local business

WorldStage Newsonline– Union Bank of Nigeria Plc, one of the oldest financial institutions in Nigeria has announced that it secured US$40,000,000 finance guarantee facility from IFC, a member of the World Bank Group to boost access to finance for local business, enable increased international trade for Nigeria.

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Nigeria: Youth-owned registered businesses could apply for up to N3m, as FG launches N75b youth investment fund

WorldStage Newsonline– Minister of Youth and Sports Development, Sunday Dare has launched the N75 billion Nigeria Youth Investment Fund (NYIF) recently approved by Federal Government as youth-owned registered businesses could apply for up to N3 million while  a non-registered business could draw up to N250,000.

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DFC backs $1.55m for Tulu Moye Power Project in Ethiopia

U.S. International Development Finance Corporation (DFC) has committed $1.55 million in technical development for the Tulu Moye Geothermal Power Plant Project in Ethiopia. DFC’s grant will enable project development and accelerate the schedule to design the 50-megawatt geothermal power plant. When completed, the project will be the country’s first Independent Power Project and one of the largest geothermal power plants in Ethiopia, a country with substantial untapped geothermal resources that can provide significant baseload power.

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Nigeria’s N13.08tr Budget 2021: FG targets 69% from non-oil sources, promises several measures to improve revenue

WorldStage Newsonline– As the Federal Government of Nigeria proposed a budget of N13.08 trillion for 2021, the Minister of Finance, Budget and National Planning, Mrs. Zainb Ahmed has assured that  several measures are being instituted to improve government revenue and entrench a regime of prudence with emphasis on achieving value for money.

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