SCOA defends Boulos on Trump’s appointment
Read More »Business
FG secures $600m foreign agriculture loans
The Federal Government, through the Ministry of Agriculture and Food Security, has secured over $600m in foreign agricultural loans in 2024 to boost food security and rural development. According to information from the ministry’s website, the government obtained a $134m loan facility from the African Development Bank to enhance seed and grain production nationwide. “The Federal Government has secured a …
Read More »Mechanical Failure Grounds New Red Line Train Services Indefinitely
Barely two months of operations after its much-anticipated launch, the newly Red Line Mass Transit Train Service (LRMT) may have been suspended indefinitely due to a significant mechanical fault. The train service, which had generated excitement and promises of improved transportation, has been grounded, leaving passengers stranded and raising
Read More »Nigeria Exempted from Airline Funds Blockage Crisis – IATA
Speaking on Nigeria maintainimg a clean slate by clearing all airlines’ trapped funds, the IATA Director General, Willie Walsh made this disclosure recently in a statement. He stressed that Nigeria has been exempted from the debtor countries, an indication that the federal government has settled the outstanding debt balance. “Over the last six months, we have seen significant reductions …
Read More »Access Bank Seeks Eurobond to Boost Dollar Revenue
As international banks are pulling out of the African continent, Access Bank Plc is strategically repositioning to take advantage of opportunities created by their exit in the market. A major pointer to the agenda was recent revelation by the lender that it is considering selling dollar-denominated securities in the domestic market to fund its expansion plans and boost its capital …
Read More »UBA Illuminates Lagos Marina Garden for Festive Season
United Bank for Africa has ushered in the Yuletide with its annual Garden Light-Up ceremony. A statement from UBA on Tuesday revealed that the ceremony was done through its corporate social responsibility arm, the UBA Foundation. Also Read: Good Corporate Governance Practices Make Businesses… Nigerian Corporates – Dangote, Glo, Zenith, BUA,… The Garden Light-Up represents UBA and its …
Read More »