The Board of Directors of the African Development Bank (AfDB) has approved an investment of Euro 10 million in the Investment Fund for Health in Africa (IFHA). IFHA is a pioneer multinational private equity vehicle that invests growth equity in privately owned businesses in the healthcare value chain.

The bullish run in the Ni gerian capital market was halted, Wednesday, as the value of listed equities on the Nigerian Stock Exchange (NSE), represented by the market capitalisation, crashed by N99.98 billion.

THE Securities and Ex change Commission (SEC), apex capital market regulator has not given approval to the proposed N50 billion Bond by the Ogun State government, saying until all the necessary requirements are met.
Meanwhile the Executive Governor of Ogun State, Otunba Gbenga Daniel has called on the Securities and Exchange Commission (SEC) to support Ogun State in issuance of a N50 billion bond to finance infrastructure in the state.
The Governor who paid a visit to the Commission recently said the bond will enable the state embark on industrial development.

THE Federal Capital Territory Administration (FCTA) Wednesday shut the largest market in Abuja located at Garki area of the Federal Capital Territory under wise known as “Monday market” over what the administration described as failure to pay a debt of N49 million for sanitation and maintenance services.

The Managing Director of Lai Clothiers, Chief Lai Olumegbon, has estimated that the garment industry is capable of employing over 600,000 Nigerians who would in turn generate employment if the industry was properly harnessed.