BoA on N1.5tr Recapitalisation Drive to boost lending

The Bank of Agriculture (BoA) wants to raise N1.5 trillion (approximately $1 billion) in a major recapitalisation drive aimed at improving liquidity and expanding its lending capacity to the nation’s agricultural sector. In a statement, BoA Managing Director, Mr. Ayo Sotinrin, said the fund will be channeled towards financing key agricultural value chains, addressing infrastructure…

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Flour Mills Reorganising 22 Subsidiaries into five; See why

The Flour Mills Group intends to streamline its 22 business units into five separate entities. Checks by Industrial Times ,shows that among the subsidiaries are Apapa Bulk Terminal,  Northern Nigeria Flour Mills, Agri Palm, Agriculture Allied Syrup; BAGCO, Eagle Flour; Golden Fertilizer, Golden Agri Inputs , HoneyWell,  Agro Allied Farms Sunti, etc. The company’s Chairman,…

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FG appoints InfraCorp as developer for green industrial zones

President Bola Tinubu has appointed Infrastructure Corporation of Nigeria (InfraCorp) as the lead arranger and developer of Evergreen City, Nigeria’s green industrial zone. The Nation reported that Ajuri Ngelale, the special adviser to the president on media and publicity, said InfraCorp will be responsible for the selection of partners and consultants to undertake critical development…

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