Justice Ahmed Mohammed of a Federal High Court in Abuja has fixed July 10 to hear the suit filed by the former Managing Director of the defunct Oceanic Bank International Plc. Mrs. Cecilia Ibru, seeking to compel the federal government to implement her plea bargain as specified in the agreement […]
Author: InvestAdvocate
Dangote gets $300m facility for refinery construction
Dangote Industries Limited has secured a $300 million facility from African Development Bank, AFDB to finance the construction of its crude oil refinery and Greenfield fertilizer manufacturing plant. According to the AFDB, the loan is designed to help boost fuel supply and fertilizer production in Nigeria. The AFDB said, “Both […]
Commodity exchange to inaugurate e-trading system
The Nigeria Commodity Exchange has said it will inaugurate an electronic warehouse receipt system on July 10, 2014. The Managing Director of the Exchange, Mr. Yusuf Abdurrahmin, said this in Lagos on Monday in company with the MD and Chief Executive Officer, Bank of Agriculture, Dr. Mohammed Santuraki; and the […]