The Board of Directors of the African Development Bank Group (AfDB) has approved a dual-currency Trade Finance Line of Credit for ECOWAS Bank for Investment and Development (EBID) comprising $50 million and €50 million. In a statement yesterday, the AfBD stated that an additional co-financing of $30 million for the credit line would come through the Africa Growing Together Fund (AGTF) from the People’s Bank of China (PBOC). EBID would use the three-and-a-half-year facility to provide direct financing to local corporates, it stated. According to the AfDB, part of the facility would also be channelled through select local banks…
Author: meridianspy
The Nigerian singer better, Azeez Fashola known as Naira Marley, has acquired a luxury house in Lagos. The music star took to his Instagram story on Wednesday to reshare a congratulatory post from his realtor. The singer also appreciated God for the newly purchased property in a caption. “Thank you Allah🙏,” he wrote. Naira Marley began singing in 2014 after discovering his passion for music and was encouraged by close-knit friends to pursue his career. While growing up, he had plans of becoming an MC and a voice-over artist. The singer came through with the Max Twigz-assisted track ‘Marry Juana’…
Demo Fani-Kayode, the Director of Special Media Projects of the All Progressives Congress (APC) presidential campaign council, says the presidential candidate ofthe People’s Democratic Candidate (PDP), Atiku Abubakar, has engaged in more vote buying and corruption than any other politician in Nigeria’s history. Mr Fani-Kayode, a former aviation minister, stated this on Wednesday while featuring on a programme “The 2023 Verdict” on Channels TV. He was reacting to a statement by Atiku urging the Central Bank of Nigeria (CBN) not to succumb to blackmail from other parties by extending the 10 February deadline of the new naira note regime. The…
The Minister of Information and Culture, Lai Mohammed has reacted to Wednesday’s ‘bomshell’ of Kaduna State Governor, Mallam Nasir el-Rufai that some elements in Aso Rock were working against the victory of the presidential candidate of the ruling All Progressives Congress. In his statement Lai Mohammed, said the President Muhammadu Buhari was neither favouring nor disfavouring any presidential candidate ahead of the February 25 election. The minister stated this after the weekly Federal Executive Council meeting when reacting to a statement by the Kaduna State Governor, Nasir El-Rufai. Also Read: Aisha Buhari reacts to El-Rufai video on Social Media El-Rufai,…
As the general election draws closer, the APC Legal Team and some senior lawyers in the Buhari Administration has met with Vice President, Prof. Yemi Osinbajo as a preparations for the ruling party as the February and March 2023 polls. Also read: Prepare Your Handover notes, APC tells Bauchi governor The legal team are expected to brainstorming at Presidential Villa after the weekly FEC meeting, was attended by the two Ministers who are Senior Advocates of Nigeria: Mr. Babatunde Fashola and Mr. Festus Keyamo. The current APC National Legal Adviser Barr. Ahmed El-Marzuk and his predecessor, Mr. Babatunde Ogala, SAN,…
Gunmen have attacked the office of the Independent National Electoral Commission (INEC) in Ojoto, Idemili South Local Government Area of Anambra State. It was gathered that the gunmen also attacked the Nnobi Police Station and a residential building in the station. It was learned that the gunmen killed a 16-year-old boy who is a relative of a policeman in the station. Also Read: Breaking : Tension in Niger as Heavy Police Denials Tinubu Supporters, Journalists to Campaign Venue Confirming the incident, the Anambra State Police Public Relations Officer, DSP Tochukwu Ikenga, said the assailants attacked the buildings with IEDs and…
The Supreme Court has nullified the nomination of Emmanuel Bwacha as the governorship candidate of the All Progressives Congress (APC) in Taraba State. In its judgement delivered on Wednesday, a five-member panel of the court led by Kudirat Kekere-Ekun upheld the finding of the Federal High Court in Jalingo, Taraba State, that the APC did not conduct any valid governorship primary poll in the state. The court gave the judgement in the case which began with a suit lodged by David Kente, one of the governorship aspirants with whom Mr Bwacha had jostled for the APC’s governorship ticket. Upholding…
Aisha, wife of President Muhammadu Buhari, on Wednesday, shared the video of Governor Nasir El-Rufai, saying there are some “elements” in Aso Rock working against Asiwaju Bola Tinubu, Presidential Candidate of the All Progressives Congress (APC). She posted the video on her Instagram handle without any comment attached to it. Earlier in the day, El-Rufai, while speaking on Sunrise Daily, a Channels Television breakfast programme, said these persons, whose identities he did not disclose were aggrieved that Tinubu defeated their candidate in the APC presidential primaries. He said these elements were hiding behind President Muhammadu Buhari’s desire to do what…
The attorney general in the US state of New York on Tuesday asked a judge to sanction former President Donald Trump and his company after taking issue to their legal responses to a $250 million lawsuit filed against them last year. “Defendants falsely deny facts they have admitted in other proceedings, they deny knowledge sufficient to respond to factual allegations that are plainly within their knowledge, and they propound affirmative defenses that have been repeatedly rejected by this Court as frivolous and without merit,” said Kevin Wallace, attorney for New York Attorney General Letitia James, in the court filing. Last…
The International Monetary Fund, IMF, yesterday, upgraded its projection for Nigeria’s 2023 economic growth rate to 3.2 per cent representing 0.2 percentage points increase from the 3.0 per cent earlier projected in its October 2022 World Economic Outlook. Also Read: BREAKING: IMF Makes U-turn, Says Nigeria’s Recession Will Not Be As Bad As Earlier Projected The IMF, in its January World Economic Outlook, based its upgrade on improved security measures in the oil sector. But the IMF also indicated that the growth rate will slow down to 2.9 percent in 2024. Also the IMF’s 2023 projection is 0.55 percentage points…
Police in Niger state has stopped a grand lockdown rally for the All Progressives Congress (APC) standard bearer, Bola Tinubu, and his running mate, Kashima Shettima. The campaign rally is also expected to garner support for the party’s governorship candidate in the state, Umar Bago as well as his running mate, Yakubu Garba, The Nation reported. The venue of the event, New Bussa Township Stadium in the Borgu local government area of the state was locked and barricaded by the operatives of the police. It was learnt that the stadium was rehabilitated and decorated to prepare for the event…
Justice Toyin Oyekan-Abdullahi of the Lagos High Court sitting in Osborne, Ikoyi, has granted an application compelling the police to produce an alleged judgment debtor, Bamise Ajetunmobi, before it on February 2. Daily Independent reports that the alleged judgment debtor Ajetunmobi, who is now in the custody of the police at the Force CID Alagbon, was, according to the claimants, believed to have been arrested in Côte d’Ivoire while trying to board a flight to the UK. He and his wife, Elizabeth, and two firms linked to them, Imagine Global Holding Company Ltd and Imagine Global Solutions Ltd, were…