AEDC: Investors, bank bicker over $18m privatization loan
Crisis is brewing between KANN Utility Company Limited, the lead investor in Abuja Electricity Distribution Company and the United Bank for Africa over claims on repayment of the $18m acquisition loan the company secured in 2013 to acquire AEDC.
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FG slashes interest rate on loans automotive industry – Daily TrustThe Federal Government has through the National Automotive Design and Development Council (NADDC), rolled out a stimulus package for the local automotive industry to cushion the effect of the COVID-19 pandemic on the auto industry. The Director-General of NADDC, Jelani Aliyu, said the council had secured approval from the Bank of Industry (BOI) to reduce …
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Africa’s badminton queen, Adesokan eyes Tokyo Olympics ticket – Daily TrustNigeria and Africa’s singles champion, Dorcas Adesokan has said her eyes are still glued on the Tokyo Olympics ticket despite the coronavirus crisis which necessitated the shifting of the world’s biggest games from 2020 to 2021. Speaking to Daily Trust on Sunday, the Ogun born badminton star said she is working hard to qualify for …
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Five books of poetry for calm and recollection in this pandemic – Daily TrustPoetry continues to be a great love for me. From when I was about eight when I got a truly beautiful English teacher called Mrs Whittle. I have grown to love poetry and subsequently write poetry. In times of extreme conditions like war, love and anger, poetry has always come in handy. Out on a …
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Emotional Trajectories and the Curriculum-Pedagogy of COVID-19 in Nigeria (II) – Daily TrustWhile the stay-home order lasts in Nigeria, there is evidence of attempted distance education in less than 18% of the geographical coverage of the country. What this implies is that there is no evidence of performance in this regard in the North excepting the emerging arrangement for students living in some of the Boko Haram …
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Investors gain N533.9bn on week-long bullish market trend – Daily TrustThe equities market sustained its bullish streak last week, recording gains in 4 of 5 trading sessions. This is despite the surge in the number of confirmed COVID-19 cases and death toll to 3,526 and 107 respectively although, the total lockdown was relaxed and economic activities partly resumed this week. Consequently, the benchmark index gained …
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We have enough forex, CBN tells investors – Daily TrustThe Governor of the Central Bank of Nigeria, Godwin Emefiele, has told investors not to panic, saying the CBN has enough foreign exchange to meet repatriation. He also assured them of the security of their investments in the country despite dwindling revenue from the sale of crude oil globally. A statement yesterday from the CBN …
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