Further to regulatory and legal approvals of the business combination between Access Bank Plc and Intercontinental Bank Plc, shareholders of both institutions unanimously sanctioned the business combination at their court-ordered meetings in Lagos on Friday.
International Monetary Fund, IMF, Managing Director, Ms. Christine Lagarde, will visit Nigeria and Niger from December 18 to 22, on her first trip to Africa since her appointment earlier this year.
CHIEF Emeka Wogu, the Minister of Labour and Productivity, on Tuesday said that the
Federal Government would save about 6 billion dollars by removing fuel subsidy.
Nigerian Electricity Regulatory Commission Chairman Sam Amadi stated during an interview that in order to stabilize and improve the nation’s power grid, Abuja will need to make an annual investment of roughly $10 billion into the power sector in the next decade.
Officials of both the World Bank and the African Union (AU) in Addis Ababa have launched
the 2011 World Development Report, published by the World Bank.
President Goodluck Jonathan has commended the employment generation drive of Dangote
Group, led by its president, Alhaji Aliko Dangote, who also doubles as the chairman of the
Federal Government Job Creation committee.
Two Nigerian banks – GT Bank and First Bank of Nigeria plc benefited from the IFC investment
in 2010. GT Bank plc got $200 million in long-term funding; while First Bank got a $100 million in
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