There are renewed fears over the life of detained former cabinet minister, Femi Fani-Kayode, after it emerged he had slumped while in detention on Saturday.
EFCC operatives have arrested former media aide to former President Goodluck Jonathan, Reuben Abati.
Welcome to News24 Nigeria
Diamond Bank gets $70 mln IFC convertible loan
08 August 2012, 13:32
Lagos - The private sector arm of the World Bank said on Wednesday it will lend $70 million to Nigeria's Diamond Bank to help it boost its capital base and finance lending to small and medium-sized businesses.
The International Finance Corporation (IFC) said the funding would be in the form of a convertible debt.
"The investment provides a unique opportunity ... to support Diamond Bank's expansion into key economic sectors that have relatively low banking penetration," IFC's Marcos Brujis said in a statement.
Diamond Bank was not amongst the banks rescued in a 2009 bail out by the central bank to prevent a collapse of the overleveraged banking system.
Read more from our Users
A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...
The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.
We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...
ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...
Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...