ETI secures N45bn loan to fund Oceanic acquisition
Ecobank Transnational Incorporated, ETI, has secured a N45.6 billion ($285 million) loan from a South African bank, Nedbank, to finance its acquisition of Oceanic Bank International Plc and further pursue its growth programme across the African financial market.
Boko Haram an “emerging threat” – US Congress
A US congressional report on Wednesday flagged Nigeria’s Boko Haram Islamist sect as an “emerging threat” that could represent an eventual security risk to the United States and its interests.
First Hydrocarbon buys oil block worth $147 m
A Nigerian firm backed by British company Afren announced on Thursday it has bought a major stake in an onshore oil block from Shell, Total and Agip at a cost of $147.5 million.
FEC approves N255m for procurement of helicopter for NEMA
The Federal Executive Council (FEC) on Wednesday approved $9.5 million (or N255 million) for the procurement of a Search and Rescue Helicopter for the National Emergency Management Agency (NEMA).
Saddam, Gaddafi and the Arabs: An African perspective(2)
HE was never perceived as a stooge of any government as he stood charismatically for the defence of his country and the African integrity.
Imo to unveil $2b gas masterplan
Imo State Government has said it would soon unveil its Gas Masterplan, Phase 1, estimated to cost about $2billion, covering 8 years investment span.
