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France to invest $250m in Nigeria

France to invest $250m in Nigeria

Federal Republic of France has declared its decision to invest $250 million in the Nigerian economy in the next one year with a focus on banking industry, water, transport and housing.

N420bn is loan to troubled banks – CBN

N420bn is loan to troubled banks – CBN

The Central Bank of Nigeria (CBN), yesterday said “the injection of N420 billion into the five affected banks is neither equity nor a bail out by government but a normal central banking function of lender of last resort to the banks,”

Labour to buy-out NITEL/Mtel

Labour to buy-out NITEL/Mtel

ORGANISED labour in the nation’s telecommunication sector, under the umbrella of the Senior Staff Association of Communications, Transport and Corporations (SSACTAC), has declared interest in acquiring 75 per cent equity stake in the troubled national carrier, Nigeria Telecommunications (NITEL) Plc and its GSM arm, Mtel.