Abuja — President Bola Tinubu has directed state governments to begin sharing the cost of electricity subsidy with the Federal Government, marking a major fiscal shift in the management of Nigeria’s power sector. Funding for the subsidy will now be drawn from the Power Assistance Consumers Fund (PCAF), a government-backed pool designed to support low-income…
A massive bank from the United Arab Emirates (UAE) called First Abu Dhabi Bank (FAB) is officially coming to Lagos. This is a big win for Nigeria because FAB is one of the wealthiest banks in the world. The news was announced on Monday at a big meeting in Lagos called Investopia Africa. A top…
First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates, has officially confirmed plans to open a representative office in Lagos. This move is a major part of the bank’s strategy to expand its footprint across Sub-Saharan Africa. The announcement was made on Monday during the inaugural Investopia Africa summit held in…
