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I welcome you all to my blog. This blog will be featuring series of breaking news, general gist and news from entertainment, education, politics and sports world. You will find this blog interesting.
....Tope Adedibu.
  

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Union Bank has Sufficent Cover for Loans to Telecoms Group 9mobile

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Nigeria’s Union Bank has sufficient cover for its 3.9 billion naira ($10.69 million) loan to telecoms group 9mobile and will focus on expanding lending to agricultural and real estate businesses, its chief executive, Emeka Emuwa, said on Monday. Lenders have agreed to extend a $1.2 billion loan which mobile operator 9mobile, formerly known as Etisalat Nigeria, took out four years ago but struggled to repay due to a currency crisis and a recession in Nigeria. Emuwa said Union Bank planned to grow its loan portfolio in the sectors that drive economic growth in Nigeria – food and housing. Union Bank last week posted a 5.9 percent rise in half-year pre-tax profit to 9.46 billion naira. Shares in Union, down 4.7 percent so far this year, rose 1.15 percent on Monday to 5.30 naira. They shed 20.3 percent last year. The bank plans to raise 50 billion naira ($137 million) in fresh capital via a rights issue by the end of the year to boost lending and hopes to win approval from t...
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NEWSPAPER REVIEW FOR TUESDAY, 16TH MAY, 2017.

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THE SUN Saraki, Dogara fault anti-corruption war NASS undermines anti-graft war –Sagay APC can’t fix Nigeria’s problem in 8 years -Oyegun Water scarcity hits Calabar Bayelsa native bags Lincoln University First Class LAUTECH students on rampage Ikpeazu, Ogbulafor, other Abia politicians may join APC Biafra Day: International community, foreign observers to monitor sit-at-home order on May 30 Kalu tasks Ikpeazu on good governance Maritime surveillance: Osinbajo doing well –Defence minister NNPC to resume oil exploration in Chad basin Late passage of budget, threat to FG’s economy recovery plan –OPS, experts PIB: Senate tackles Kachikwu 2019: Why Buhari should seek re-election –Rep, Bala Ita Giwa’s defection causes ripples in Cross River THISDAY FG Brainstorms on Modalities for Funding 2017 Budget Oil Rises Above $52 as Saudis, Russians Back Longer Supply Cut Violence Engulfs JAMB Centre as Candidates Block Abuja-Lokoja Expressway Adeleke’s Death: Osun Deputy Gov, O...
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Abule Egba Fly Over Bridge Ready for Commissioning Tomorrow 17/05/2017-Pictures

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The construction of Abule Egba Fly Over Bridge and beautification with Lights and Water Fountain by The Governor Akinwunmi Ambode led Administration is in its Final Finishing stages ready for Commissioning by the Governor tomorrow 17th  of May, 2017. The Abule Egba Flyover is a direct response by the Governor Akinwunmi Ambode administration in Lagos State to address the perennial traffic gridlock often associated with the area especially during rush hour. Much as the Ambode administration which has become synonymous with creative solutions to traffic gridlock across the metropolis, Residents and commuters are hopeful that upon completion, it would permanently reduce traffic to the barest minimum. Source:  http://40ng.com/abule-egba-bridge-lagos-state/
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