World Bank shareholders have approved an increase in the bank’s lending capacity after the United States backed a reform package that curbs loans and charges more for higher income countries like China. World Bank President Jim Yong Kim said neither China nor any middle income countries was happy about the prospect of paying more for […]
Dr Hannatu Fika, Executive Secretary, Federal Government Staff Loans Housing Board (FGSLHB) says over one billion Naira have been disbursed as renovation loan to civil servants. Fika said this in an interview with the News Agency of Nigeria (NAN) on sunday in Abuja, stating that over 2000 civil servants have so far benefitted from the […]
The draw for the group phase of the African Confederation Cup, conducted in Cairo on Saturday: Group A: ASEC Abidjan (Ivory Coast), Raja Casablanca (Morocco), AS Vita Club (DR Congo), Aduana Stars (Ghana) Group B: Renaissane Berkane (Morocco), Al Masry (Egypt), UCD Songo (Mozambique), Al Hilal (Sudan) Group C: Enyimba (Nigeria), AC Williamsville (Ivory Coast), […]
In its relentless move to guarantee liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) segment of the market to the tune of $396.18million. According to figures obtained from the CBN on Friday, April 20, 2018, the released sum is meant to […]
Fidelity Bank Ltd., a closely held Ghanaian lender, plans to list its shares for trading on the country’s bourse by 2020 as it targets a spot among the largest three banks in the West African nation. Shareholders of the country’s fourth-largest lender on Friday approved a proposal to raise 70 million cedis ($16 million) by […]
Accident Investigation Bureau (AIB) has trained a number of accident investigators from some domestic airlines, College of Aviation Technology (NCAT) and Nigerian Civil Aviation Authority (NCAA) on accident investigation management. The two weeks training, which began on April 8 and conducted by the Southern California Safety Institute Inc, had participants from Dana Airlines, Arik Air, […]
Nissan is looking to introduce a flurry of new electrified vehicles in Japan by 2022, with plans to roll out three all-electric cars and five hybrids, according to Automotive News. At the same time, the automaker is planning to overhaul its dealership network across the globe in an effort to boost customer service, reports Automotive […]
The Minister of Finance, Mrs. Kemi Adeosun has said Nigeria does not need the help of the World Bank in assessing its debts level. The minister said this while speaking with journalists at the ongoing spring meeting of the International Monetary Fund. “We don’t need the World Bank if they want to come and help […]
South African telecoms firm MTN has appointed Nigerian investment firm Chapel Hill Denham as lead issuing house for the initial public offering of its Nigerian business in Lagos later this year, two sources told Reuters on Friday. South Africa’s Rand Merchant Bank, Renaissance Capital and Vetiva Capital were picked as joint issuers. The telecoms firm […]
Rich Communication Services – or simply ‘Chat’ – aims to bring a more Apple iMessage-like experience to Android. But unlike iMessage, Chat will not be end-to-end encrypted. Google is making a big push for unified messaging on Android, an effort now known simply as “Chat.” Chat, or Rich Communication Services (RCS), seeks to do away […]