Today’s headlines: NIRSAL guarantees a bank loan of 266.97b over 5 years, UBA issues N178b to companies
Nirsal guarantees bank loans of 266.97 billion over five years
Nigeria’s Agricultural Loan Risk-Sharing Scheme (NIRSAL) Plc has guaranteed € 266.97 billion to various agri-businesses over the past five years. NN ($ 648 million) loan.
During a tour of ADT’s Russet Apagos, Lagos plant, NIRSAL CEO / CEO Aliyu Abdulhameed said the company also guaranteed Keystone Bank $ 1.1 billion. NN loan to ADT Russet Limited.
According to him, the company that receives and exports cocoa beans ADT Russet received 50% of NIRSAL. Credit Risk Guarantee (CRG) to help reduce Keystone Bank Limited’s credit risk.
Abdulhameed argued that not only assuming a significant portion of its risk in the event of a loan default, NIRSAL Plc also ensured effective monitoring of a project to increase ADT Russet’s exports to 4,000 tons per year.
The United African Bank lent N178 billion to businesses in the first quarter of this year.
Bank loans to customers increased from 2,555 trillion during the reporting period. N to 2.733 trln.
The credit positions of other banks during this period showed Stanbic IBTC loans totaling EUR 105 billion. USD.
FBN Holdings Plc lent N82 billion to customers, increasing its portfolio from N 2.217 trillion to N 2.299 billion. N, while the FCMB lent N63 billion. NN, meanwhile, the bank’s loan portfolio increased from $ 823 billion.
Yoruba self-help group umbrella organizations Ilana Omo Oodua (IOO) rose on Sunday in defense of people arrested over the weekend at a Yoruba nation rally around Gaio Fawehimi Freedom Park in Odota, Lagos.
You did not commit the crime, IOO media minister Maxwell Adeleye said in an interview with The Nation on Sunday night.
Lagos State Police Commissioner Hakeem Odumosu, who introduced 49 suspects, said they had been arrested in violation of an order not to hold a rally or gatherings in the state.
Calling the parade a shame, Maxwell said the DOC had asked them to release unconditionally.
Lagos state governor Babajide Sanwo-Olu has ordered an investigation into the murder of a 14-year-old girl in Oyotai during a rally of Yoruba agitators, The Nation learned on Sunday night.
Some witnesses said the girl, named “Jumoke,” was killed by a homeless bullet by shooting police in an effort to disperse protesters. His body was close to the place of the rally. Photo Credit: Nation
However, police denied allegations that their men fired a shot and demanded that only rubber bullets be used.
Police also reported that the body was not fresh and that he appeared to have been injured by a sharp object.
In a statement on Sunday, Lagos Attorney General and Justice Commissioner Moyosore Onigbanjo said: Saturday, July 3rd.