Milost Plans $1 Billion Investment in Nigerian Bank
Firm is said to get initial stake of about 30% in Unity Bank Deal is said to involve combination of shares and debt Milost Global Inc. is looking to inject as much as $1 billion to recapitalize...
View ArticleRwanda Innovation Fund project to receive US $30-million loan from AfDB
The Board of the African Development Bank Group has approved a loan of US $30 million to support the establishment of Rwanda Innovation Fund (RIF). The main objective of the project is to promote...
View ArticleAfDB partners fund construction of 208-kilometre regional road project in Rwanda
The African Development Bank, the European Union (EU) Delegation in Rwanda, Embassy of Japan in Rwanda and Japan International Cooperation Agency (JICA) joined the Government of Rwanda to launch the...
View ArticleGuinness Nigeria Flags off Transport, Safety Week 2018
In line with its commitment to promote road safety and sustainable transport systems in the country, Guinness Nigeria Plc, a subsidiary of Diageo Plc, has flagged off its Transport and Safety Week as...
View ArticleParis Club refund: FG shared N1.9tr among states – Osinbajo
The Federal Government on Tuesday said that it had to date shared N1.9 trillion amongst states as help from the Paris Club Refund. The Vice President, Prof. Yemi Osinbajo, made this recognized in his...
View ArticleWithdrawal of VIPs’ policemen: Atiku backs IGP
That Nigeria has a security emergency cannot be overstated. Our security forces are overstretched. We do not have enough military and paramilitary forces to provide security for the peace loving people...
View ArticlePresident Buhari approves negotiations for $15bn loans to finance rail projects
The Minister of Transportation, Mr Rotimi Amaechi, on Tuesday said President Muhammadu Buhari has approved that negotiation should be carried out for 15 billion dollars loan for the completion of work...
View ArticleNo investment of USD1bn with Milost – Unity Bank
Contrary to a Bloomberg’s report claiming that Milost Global Inc plans to invest USD1bn in Unity Bank Plc, the Bank has unequivocally stated that it has not reached any agreement with Milost to warrant...
View ArticleFCMB Names Oladipupo Jadesimi as Board Chairman
Mr. Oladipupo Jadesimi, New Chairman FCMB FCMB has announced the election of a new Chairman – Mr. Oladipupo Jadesimi following the approval of his appointment as a Non – Executive Director by the...
View ArticleNigerian Petroleum Reforms To Be Signed Into Law
Nigeria’s long-awaited Petroleum Industry Governance Bill (PIGB) will be signed into law by President Muhammadu Buhari towards the end of March, legislators hope, according to Reuters. The OPEC...
View ArticleJust In : 76 Dapchi Girls Released- Lai Mohammed
BY OUR REPORTERS–-Boko Haram jihadists have released 76 of the 110 schoolgirls that were abducted from the northeastern town of Dapchi in February, the government said in a statement on Wednesday. This...
View ArticleUpdate: More Dapchi Schoolgirls Released, Total Number Stands At 101
The number of the Dapchi schoolgirls who were released on Wednesday has increased from 76 to 101, with the documentation of more of the freed girls by the security agencies, the Minister of...
View ArticleN1.9tn Paris Club Refund: Govs Who Couldn’t Pay Salaries Should Resign Now Or...
The Trade Union Congress of Nigeria (TUC) has called on state governments that are still owing workers salaries to resign now to avoid disgrace come 2019 election. The Labour Centre added that it is...
View ArticleMAN Calls On FG Not To Sign AfCFTA Agreement In Kigali
The Manufacturers Association of Nigeria (MAN) on Wednesday strongly supported the move by the Federal Government on its refusal to sign the agreement establishing the African Continental Free Trade...
View ArticleScrap NNPC Now, Ex CBN Deputy Governor Tells FG
BY OUR REPORTERS—The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu on Wednesday called for the scrapping of the Nigerian National Petroleum Corporation (NNPC) as a step...
View ArticleUnitykapital Assurance Announces Resignation Halima J Wushishi as Company...
This is to notify The Nigerian Stock Exchange (”The Exchange”) esteemed shareholders, stakeholders and the general public on the resignation of Ms. Halima J. Wushishi, the Company Secretary of...
View ArticleAccess Bank Reports Q4 2017 Results – Funding Income Grew by 28% as OPEX...
Event: Access Bank reports Q4 2017 results Implications: Likely downward revisions to consensus PBT forecasts and negative reaction from the market Positives: Funding income grew 28% y/y: opex...
View ArticleThe Kigali AU Summit: Nigeria’s Diplomatic Blunder
BY REUBEN ABATI-—-President Muhammadu Buhari’s 12th hour decision to snub the African Union Extra-ordinary summit on the endorsement of the African Continental Free Trade Agreement (AfCFTA), in Kigali,...
View ArticleEcobank, Mastercard Launches Discount Promotion With 9mobile On Masterpass QR...
Ecobank Nigeria and MasterCard have launched a discount promotion with 9Mobile Nigeria to drive the use of Masterpass QR payments at 10 of its Experience Centres in Lagos, Abuja and PortHacourt....
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