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Governor Okowa begs Nigerian government to revive Warri port in order to decongest Lagos

Delta Governor Ifeanyi Okowa, has called on the federal government to quickly resuscitate the Warri port, in order to curb unemployment in the state. The governor made the call at a town hall meeting with youths, including #ENDSARS protesters, civil society groups, students, social groups, community leaders and stakeholders across Delta South and Delta Central Senatorial Districts in Warri this week. He said that with the congestion of the ports in Lagos, the federal government should revive Warri port and other seaports in Delta State to boost the nation’s economy and create employment for the youths. He stated that the rate of unemployment in Nigeria is very high, and that checking unemployment is not just about employing people into public service. Okowa disclosed that to tackle the une...

Afreximbank clinches African Banker’s Debt Deal of the Year award

The African Export-Import Bank (Afreximbank) has been announced the winner of the Debt Deal of the Year Award at the 14th Annual African Banker Awards 2020. The awards, which held virtually on Wednesday, recognized institutions and individuals driving growth and development in Africa and creating new economic opportunities for citizens and communities across the continent. The Debt Deal of the Year Award was granted to Afreximbank for a EUR 1 billion syndicated senior loan facility arranged with Credit Suisse for Nigeria’s Bank of Industry. The funds have supported the Bank of Industry’s (BoI) work expanding, diversifying and modernizing Nigeria’s industrial sector. Having originally been sized at EUR 750 million, the debt raising was successfully upsized to EUR 1 billion through a general...