11/10/2016/UBA Plc The European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private sector investment across Nigeria. This represents the EIB’s largest ever loan to UBA and will allow UBA to provide longer term loans than currently available to […]
Updates
GE confirms interest in $2 billion Nigeria railway concession
10/10/2016/Reuters General Electric (GE) (GE.N) confirmed its a “keen interest” in acquiring a Nigeria railway concession project worth around $2 billion, the U.S. company said on Monday. Nigerian President Muhammadu Buhari said this month that GE would be investing $2.2 billion in a concession to revamp, provide rolling stock, and […]
Seven banks are undercapitalised, says report
11/10/2016/Punch Oyetunji Abioye with agency report A stress test conducted by a Dubai-based international investment bank, Arqaam Capital, has indicated that seven Nigerian banks are undercapitalised to the tune of N1tn ($3.2bn). It also reported that two other banks were close to being insolvent. The investment bank said the Nigeria’s […]
