UNION BANK TO IMPROVE AGRIBUSINESS LENDING IN NIGERIA

UNION BANK TO IMPROVE AGRIBUSINESS LENDING IN NIGERIA

Union Bank Plc, one of Nigeria’s oldest banks, was established in 1917 has officially opened a N50 billion rights issue to the public which it hopes to deploy into raising its capitalization and growing agribusiness loans.

The bank, had gotten approval from the Securities and Exchange Commission (SEC) to sell …

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ASH GROVE AGREED US$3.5BN SALE OF KANSAS CEMENT TO CRH PLC

ASH GROVE AGREED US$3.5BN SALE OF KANSAS CEMENT TO CRH PLC

Ash Grove which is the sixth largest cement manufacturer in North America, and the largest US-owned cement company has entered into a definitive merger agreement with CRH plc, under which CRH plc will acquire Ash Grove in a transaction valuing Ash Grove at $3.5 billion on an enterprise value basis. …

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BMW SA GETS US$150M LOAN FROM IFC TO BUILD THE NEW BMW X3

BMW SA GETS US$150M LOAN FROM IFC TO BUILD THE NEW BMW X3

The $150 million loan comes as South Africa “seeks new sources of economic growth after a period of slowdown, driven in part by sluggish mining and manufacturing sectors”, according to  the IFC in a statement.

The auto industry tends to be  South Africa’s largest manufacturing sector.

“The country suffers from …

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UGANDAN POLICE BANS DEMONSTRATION AS MEMBERS OF PARLIAMENT DEBATES ON PRESIDENTIAL AGE LIMIT

UGANDAN POLICE BANS DEMONSTRATION AS MEMBERS OF PARLIAMENT DEBATES ON PRESIDENTIAL AGE LIMIT

The Inspector General of Police Kale Kayihura said in a statement on Wednesday that planners of demonstrations can use other forms other than processions to allow parliament to “debate in peace”. He explained that they received information about groups planning to use the cover of processions to “cause violence and …

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£45M HATFIELD REGAN SCHEME AWARDED

£45M HATFIELD REGAN SCHEME AWARDED

Lovell has won the Hatfield Regan scheme that will have a shopping precinct and other community facilities been erected in Hatfield, Hertfordshire. The scheme is aimed at revitalise the centre, which was built in the 1950s. Work will begin on the new 150 homes with the detailed planning process currently …

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APPLE IPHONE X TO SPARK MOMENTUM IN SMARTPHONE MARKET

APPLE IPHONE X TO SPARK MOMENTUM IN SMARTPHONE MARKET

The iPhone X was one of three new iPhone models unveiled at the first event at Apple’s new “spaceship” campus, as the California tech giant sought to spark fresh momentum in a global smartphone market seeing slowing growth and tougher competition. Apple laid claim to the future of the smartphone …

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MADAGASCAR HEALTH MINISTER PERFORMS SURGERY ON SIAMESE TWINS

MADAGASCAR HEALTH MINISTER PERFORMS SURGERY ON SIAMESE TWINS

In most countries health ministers are seen as officials more interested in paperwork than medical miracles.

Not in country like Madagascar, where Mamy Lalatiana Andriamanarivo recently picked up a scalpel and separated conjoined siamese twins in a medical first for the Indian Ocean island nation.

“Surgery was performed at the …

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DUBAI ICONIC ”ONE ZA’ABEEL TOWER” WORK START

DUBAI ICONIC ”ONE ZA’ABEEL TOWER” WORK START

Al Jaber Engineering and Contracting (Alec), has recently completed its early work which includes site excavation, preparatory works, shoring and piling on the site of One Za’abeel. The tower which is a 36 storey mixed-use project from Investment Corporation of Dubai (ICD) is expected to have  seven-floor basement.

One Za’abeel …

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MPALE VILLAGE IN TANZANIA GETS LIGHT PROJECT AFTER 45YEARS

MPALE VILLAGE IN TANZANIA GETS LIGHT PROJECT AFTER 45YEARS

The project which is expected to have at least 50 households in Mpale village, Korogwe District in Tanzania was launch between the United Nations Capital Development Fund (UNCDF) in collaboration with Ensol Tanzania Ltd. The project will connect the  power to the area which will improve social lives and boost …

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NIGERIA GOVERNMENT APPROVES US$5.7bn FOR CONSTRUCTION OF 3,050MW ELECTRICITY PROJECT

NIGERIA GOVERNMENT APPROVES  US$5.7bn FOR CONSTRUCTION OF 3,050MW ELECTRICITY PROJECT

President Muhammadu Buhari, approved 5.792 billion dollars (about N1.140trillion) for the construction of the 3,050 megawatts Mambilla Hydro-Power project at Gembu in Taraba.

“Nigeria started talking about it since 1972; that is about 45 years ago. said The Minister of Power, Works and Housing, Mr Babatunde Fashola.

He also said, …

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Ethiopia must step up political reforms, U.S. ‘disturbed’ over ethnic clashes

Ethiopia must step up political reforms, U.S. ‘disturbed’ over ethnic clashes

The United States says Ethiopia must open up its political space if its is to cement its place in the future as a “strong, prosperous and democratic nation.”

This was contained in a press statement released by the U.S. Embassy in Addis Ababa. The September 19, 2017 statement was referring …

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NEW PAPER PATCH SENSOR FOR MEASURING GLUCOSE DURING EXERCISE

NEW PAPER PATCH SENSOR FOR MEASURING GLUCOSE DURING EXERCISE

A new paper-based sensor patch developed by researchers at Binghamton University, State University of New York could allow diabetics to effectively measure glucose levels during exercise

Today’s most widespread methods for glucose self-testing involve monitoring glucose levels in blood. Conventional measurements, however, are not suitable for preventing hypoglycemia during exercise, …

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FOUR AFRICAN COUNTRIES STRIPED OF U.N. VOTING RIGHTS

FOUR AFRICAN COUNTRIES STRIPED OF U.N. VOTING RIGHTS

Four African countries have lost their voting rights at the United Nations General Assembly (UNGA). The vote ban is over their lack of payment of membership dues.

A Voice of America journalist, Harun Maruf, disclosed the information which affects his native Somalia and Guinea Bissau in West Africa. The other …

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ODU’A INVESTMENT LAUNCHED N500M ACE ESTATE.

ODU’A INVESTMENT LAUNCHED N500M ACE ESTATE.

Odu’a Investment Company Limited on Tuesday launched a N500m real estate project, which was completed in nine months.

The estate which is a residential accommodation, situated in  the high end of Jericho Government Reservation Area (GRA), Ibadan, the Oyo State capital. The estate consists of three luxury units of 5-bedroom …

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