Capital Hotels sells 51% of its shares to 22 Hospitality Ltd

Capital Hotels Plc has notified its Shareholders and other Stakeholders that 22 Hospitality Ltd has successfully acquired 1,611,995,510 Ordinary Shares of 50 kobo each representing 51% of the equity share capital of the Company through Private Placement. All the required regulatory approvals have been received for the transaction. In addition, 22 Hospitality Limited also bought 456,641,337, and […]

Union Bank partners Wacot Rice Limited to empower local farmers

In a bid to aid the financial inclusion drive of farmers in Kebbi State, Union Bank has entered into partnership with Wacot Rice Limited, a rice processing company. According to the bank the partnership is aimed to financially include 6,000 local farmers. This will include the youths and women in Kebbi State.  “The Kebbi Financial Inclusion Drive[…]

FG approves N29bn for road projects, other

The Minister of Information and Culture, Lai Mohammed recently disclosed that the Federal Government has approved N29.083 billion for projects in the Ministry of Works and Housing and Mines and Steel Development. According to the Minister of Information, N27.23 billion and N1.85 billion were approved to rehabilitate the 30km Idoani-Otuo Road and construct a 27km retaining wall[…]