Operators in the Small and Medium scale Enterprises, SMEs, sector can now heave a sigh of relief. They would soon receive a major boost as the Bank of Industry, BOI, partners 10 banks to provide funds to tackle their increasing challenges. The financial institutions are Access Bank Plc, Diamond Bank Plc, Ecobank Nigeria Limited, Fidelity…
Banks Shut Over Security Threats in Imo
Bank in Okigwe town, Imo State have been shut for the past two weeks due to threats of imminent raid from criminals. It was reported that after soldiers who were drafted to the town at the height of kidnapping and insecurity about four years ago were withdrawn, security situation in the town became an issue of public…
UBA Increases Investments in Major Sectors
To United Bank for Africa, UBA, investing in the power sector of Nigeria should be the priority of all investment banks. To lead the way, Phillips Oduoza, group managing director, announced that the bank had extended its investment to N113 billion to different investors towards the acquisition of power assets in the country’s power sector.…
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