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AfDB Approves $50m Women Finance For FCMB

The board of directors of African Development Bank (AfDB) has approved a loan of $50 million to for First City Monument Bank (FCMB) to channel to Nigerian enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy sectors. Thirty percent of the funds, which are intended to mitigate effects of the challenging COVID-19…

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Court Remands Salesgirl In Prison After Arraignment By EFCC For Allegedly Defrauding Employer Of N6m

The Federal Capital Territory High Court sitting in Apo presided over by Justice A. Babashani on Tuesday remanded a 29-year-old female shop assistant, Nkechi Joseph Benita, in prison following her arraignment by the Economic and Financial Crimes Commission (EFCC), Abuja Zonal Office, for alleged misappropriation of the sum of N6 million entrusted in her hands…

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Amaechi Rejects NIMASA Salary Increment Request, Worries About NRC’s Salary Scheme

The Honourable Minister of Transportation, Rt. Hon. Rotimi Amaechi has revealed that he rejected a salary increment request by the Nigerian Maritime Administration and Safety Agency (NIMASA) because he preferred to attend to salary increment request from poorly paid agencies under the Federal Ministry of Transportation. Responding to enquiries on the remuneration of railway workers…

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Ghana’s 560km rail to cost for $2bn — same as 156km Lagos-Ibadan

China Railways Construction Corporation (CRCC) has offered to rehabilitate and construct a 560-kilometre standard gauge railway line for Ghana at $2 billion. Advertisement This costs just $500 million more than the 156-kilometre Lagos-Ibadan railway line being constructed by the China Civil Engineering Construction Corporation (CCECC) — although Ghana’s project more than THRICE the size of…

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Video: Nasarawa Governor’s adviser, Chinese national, Police detective arrested over alleged rail tracks theft

A Special Adviser to the Nasarawa Governor, Mr. Yusuf Mada, a Chinese national, Police Inspector, a National Security and Civil Defence Corps officer, and lawyer were among many the Police in Nasarawa State paraded in Lafia, the state capital, for cutting and stealing rail tracks and other parts. Another sum of N650,000.00 was also displayed…

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