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The Board of the World Bank Group is expected to meet and decide on approving a $500m loan to Nigeria today (Friday) to boost rural access and agricultural marketing in the country, The PUNCH reports. According to information obtained from the Washington-based institution on Thursday, the loan is for the Rural Access and Agricultural Marketing Project—Scale Up. It is designed to bridge the gap between rural communities and the broader […]
Some customers of First Bank Plc have taken to social media to drag the bank over what they described as unnecessary debits from the money-keeping giant. In several reactions on their Facebook page, @First Bank of Nigeria Limited on Sunday, the customers expressed their frustration over uncountable debits from the bank in the last two weeks. One of the customers, Udoh Blessing, who reacted to the bank’s latest post on […]
The World Bank has approved three new loan requests totalling $1.57bn in financing for Nigeria. According to a statement released on Monday, the approval is to support the Federal Government in strengthening human capital through better health for women, children and adolescents. It added that the approved projects would also help build resilience to the effects of climate change, such as floods and drought, by improving dam safety and irrigation. […]
Mr Adekunle Adewole has resigned as the Managing Director of LivingTrust Mortgage Bank. His resignation was contained in a corporate notice filed with the Nigerian Exchange Limited stating that he voluntarily resigned his position, ahead of the expiration of his tenure. Adewole became the bank MD in May 2020. During his time in office, Adewole supervised the growth in the bank’s Profit Before Tax which rose from N57m in 2019 […]
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