No fewer than 1,000 residents made up of women, children, widows and elderly men have benefited from a two-day feeding program organised by Fidelity Bank in Kano State. The event, which took place in Kabuga Satellite Town, Kano, on Tuesday, was executed in partnership with the Misnoory Foundation and saw …
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OML42: Banks refinance Neconde to increase production to 100,000bpd, grow gas reserves
A consortium of 7 local and international lenders has signed an agreement to refinance Neconde Energy Limited’s existing Senior Secured Medium-Term Loan Facility Agreement worth $640 million with Neconde Energy Limited, an indigenous Oil and Gas Exploration and Production company, following the 20 year renewal of the Oil Mining License …
Read More »TSA Breach: Seven Banks ‘Hid N249.6b For Unknown Government Officials’
A Federal High Court in Lagos Thursday ordered seven banks to remit a total of $793,200,000 (about N249,659,700,000.00), allegedly hidden with them in breach of the Treasury Single Account (TSA) policy, to the Federal Government. A vacation judge, Justice Chuka Obiozor, made the interim order following an ex parte application by the …
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