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FG Plans Merger Of CBN’s NIRSAL And Bank Of Agriculture
FG Plans Merger Of CBN’s NIRSAL And Bank Of Agriculture....KINDLY READ THE FULL STORY HERE▶
The National Council on Privatisation (NCP) has unveiled plans to merge the NIRSAL Microfinance Ltd of the Central Bank of Nigeria with the Bank of Agriculture. This move, disclosed in a statement on Wednesday, aims to inject fresh capital into the institutions to rejuvenate them post-merger.
The decision forms part of the recommendations presented by NCP’s Committee on BOA during a Council meeting held at the Presidential Villa in Abuja. Vice President Kashim Shettima, presiding over the session, highlighted President Bola Tinubu’s commitment to restructuring the Bank of Agriculture to bolster the government’s food security objectives.
Shettima emphasized the importance of appointing highly qualified professionals with integrity to manage the bank, noting agriculture’s pivotal role in transforming the economy.
Echoing these sentiments, Minister of Finance, Wale Edun, stressed the urgency of addressing the challenges faced by the Bank of Agriculture. Edun, also serving as Vice-Chairman of the NCP, proposed key recommendations, including the immediate reconstitution of the Bank’s Board of Directors to enhance corporate governance.
Furthermore, the minister advocated for transferring National Agricultural Land Development Authority (NALDA) land titles to BOA, a move aimed at strengthening its Balance Sheet and enhancing capital adequacy for fundraising from institutional investors.
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Ex-Senator Marafa Dumps ADC For NDC Three Weeks After Defection
Former Senator representing Zamfara Central, Kabiru Marafa, has left the African Democratic Congress (ADC) and joined the Nigeria Democratic Congress (NDC).....KINDLY READ THE FULL STORY HERE▶
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Champions League: PSG Beat Bayern In Nine-Goal Semi-final Thriller.
Khvicha Kvaratskhelia and Ousmane Dembélé both scored twice as Paris Saint-Germain edged Bayern Munich 5–4 in a dramatic first-leg UEFA Champions League semi-final clash on Tuesday, marking the highest-scoring semi-final match in the competition’s history.....KINDLY READ THE FULL STORY HERE▶
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2027: Osifo Speaks On Alleged Presidential Sponsorship By Tinubu.
An aspirant for the 2027 presidential ticket of the All Progressives Congress (APC), Stanley Osifo, has dismissed claims that President Bola Tinubu is backing his ambition to create the appearance of competition within the party’s presidential race.....KINDLY READ THE FULL STORY HERE▶
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