PCNGI Facilitates $800m Investments, As Converted Vehicles Exceed 100,000 In 1 Year

The Presidential Compressed Natural Gas Initiative (PCNGI) has announced a major milestone, revealing that its efforts have led to over $800 million in private and public investments and created more than 100,000 direct and indirect jobs since the programme’s inception. Also, the agency noted that in just one year, the number of CNG-powered vehicles operating […]

FCMB Backs Totalenergies Staff Housing With $40m Loan Facility In Eko Atlantic

The First City Monument Bank (FCMB) has partnered with TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC) with $40 million towards financing Louisville Phase 1, a tower that will comprise 157 residential apartments, including two and three-bedroom apartments, four-bedroom maisonettes, and five-bedroom penthouses, in Eko Atlantic City, Lagos. The residential tower is phase 1 of […]

Tinubu Hires IBB’ Son As BOA Chairman, 8 Others Get Appointments

President Bola Tinubu has appointed Muhammad Babangida, the son of the former military president, Gen. Ibrahim Babangida, as chairman of the revamped Bank of Agriculture. According to a statement by presidential spokesman, Bayo Onanuga yesterday, Tinubu approved the appointment along with seven others. Some of them will serve as chairmen or directors-general of federal agencies. […]