Tag: Loan
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Arsenal decide against sending Pepe on loan
Arsenal will not be loaning Nicolas Pepe during the January transfer window. The Ivorian seemed to have completely ruined with relationship with Mikel Arteta after was sent-off against Leeds United on Sunday. Pepe was given his marching orders after headbutting Leeds defender Ezgjan Alioski. Gunners manager Arteta was furious after the game, calling Pepe’s actions…
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Chelsea: Kepa willing to accept pay-cut for loan exit
Chelsea goalkeeper Kepa Arrizabalaga is willing to take a pay-cut to leave on-loan in January. The Sun says for Spain, Kepa, 26, is now behind David De Gea and Unai Simon, leaving him in the wilderness for both club and country. He has not started for Chelsea since October 17 — and the team has…
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FG seeks $1.2 billion agriculture loan
The Federal Government is seeking the approval of $1.2 billion loan from the National Assembly to address issues in the agriculture value chain, finance minister Zainab Ahmed said on Tuesday in Abuja at the ministry’s budget defence. Ahmed told the House of Representative Committee on Finance that the loan would be sourced from the Brazilian…
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Access Bank announces N50 billion interest-free loan for businesses
Following the impact of the Covid-19 pandemic, coupled with the hijacked #EndSARS protests that led to the looting and destruction of businesses that has thrown Nigerians and business owners into debts. Leading financial institution in Nigeria, Access Bank Nigeria Plc. has announced N50 billion in support of Nigerians through interest-free loans and grants to support…
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Super Eagles star Ebuehi joins Twente on loan
Super Eagles star, Tyronne Ebuehi has joined Dutch Eredivisie side Twente on a season-long loan from Portuguese club Benfica with an option of signing him permanently. The defender joined the Estadio da Luz outfit in May 2018 after impressing for Nigeria at the World Cup in Russia and penned a five-year deal with the side.…
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World bank query Nigeria’s $750m loan as country loses N28bn to epileptic power supply
The World Bank has declared that Nigeria has lost N28 billion to power epilepsy rocking the country. The apex bank, which stated this in a document in which it demanded accountability on $750 million loan it approved for Nigeria’s power sector, maintained that what the country lost to inability to fix power problem was equivalent…
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FINANCIAL LITERACY: DISPLACED WOMEN RECEIVE TRAINING & SOFT LOANS IN LAGOS
Sesor Empowerment Foundation, one of Nigeria’s leading non- governmental organization (NGO) and its partner, The Grooming Centre have empowered 26 internally displaced women (IDP) in the first phase of its livelihood support programme with softloans to boost their businesses and help them cope with the financial livelihood challenges they are facing during the COVID-19 pandemic.…
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World Bank approves $750m loan to boost power supply in Nigeria
The World Bank has approved $750 million International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO), to improve electricity supply. The Bank, in a statement in Abuja on Wednesday, said that the would help Nigeria achieve financial and fiscal sustainability and enhance accountability in the power sector. It explained that about 47…
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Tottenham Hotspur secure £175m loan from Bank of England
English football club, Tottenham Hotspur, have secured a £175 million loan from the Bank of England to aid their finances during the coronavirus crisis. Spurs, as the club is popularly called, are set to miss £200 million of revenue up to June 2021 due to the remainder of league matches to be played behind closed…
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Ighalo aiming to lift Man Utd after loan extension
Nigerian striker Odion Ighalo hopes to lift Manchester United “higher and higher” after extending his loan deal at the Premier League club from Shanghai Shenhua until the end of January 2021. Ighalo, whose initial loan spell from the Chinese Super League side was set to end on May 31, scored four goals in eight games…