The Federal Airports Authority of Nigeria (FAAN) has initiated a process to improve funding to its contractors through commercial banks. At a stakeholders’ meeting on Tuesday, The Managing Director of FAAN, Mr. Saleh Dunoma, said the scope involved working with selected financial institutions to provide liquidity to the agency’s major contractors, through direct and contingent funding. Dunoma, who was represented ...
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Oil Firm Asks Court to Stop AMCON from Selling Assets over N2bn debts
A Lagos based oil firm, Aquitane Oil and Gas Limited has asked a Federal High Court sitting in Lagos to grant an order of perpetual injunction restraining the Assets Management Corporation of Nigeria (AMCON), or its agents from taking any step to defeat the equity of redemption in respect of No. 5/7, Kingsway Road, Ikoyi, with Lagos State Certificate Title ...
Read More »FMBN disburses N2.3b housing renovation loans
According to The Nation, the Federal Mortgage Bank of Nigeria, FMBN says it has disbursed N2.3 billion to 3,104 beneficiaries under its housing renovation loans scheme nation wide. Its Managing Director, Ahmed Musa Dangiwa who spoke yesterday in Sokoto while flagging off the state’s disbursement exercise of N243.1 million to 263 benefiting civil servants in the state service, assured that ...
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