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Nigeria, Jaiz sign finance agreement with Islamic trade corporation

Latest Politics updatein nigeria

The Federal Republic of nigeria and the International Trade Financing Corporation (itfc) has signed a one billion dollars framework agreement for the next couple of years. Jaiz Bank has also signed a $10 million agreement for the Murabaha financing facility. The signing ceremony took place on Saturday at the four day 2023 Group Annual Meetings […]
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The Federal Republic of nigeria and the International Trade Financing Corporation (itfc) has signed a one billion dollars framework agreement for the next couple of years.

Jaiz Bank has also signed a $10 million agreement for the Murabaha financing facility.

The signing ceremony took place on Saturday at the four day 2023 Group Annual Meetings of the Islamic Development Bank (IsDB) ongoing in Jeddah, Saudi Arabia.

Speaking shortly after signing the agreement, the minister of finance who led nigeria’s delegation at the meetings, Zainab Ahmed said the relationship between nigeria and the ITFC will continue to grow looking at the positive impact it is making.

“ITFC is one of the high performing subsidiaries of the IsBD, we have a strong presence in nigeria supporting businesses largely the energy sector and also agriculture and trade and they have been doing that through partnerships with financial institutions operating in nigeria.

“Today we signed a framework agreement that charts the roof of our partnership over the next couple of years with the ITFC.

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Don’t Use NLC’s Platform, Funds To Pursue Your 2027 Ambition – Abure Knocks Ajaero

Latest Politics updatein nigeria

 

 

 

Lifestyle Nigeria gathered that National Chairman of Labour Party, LP, Comrade Julius Abure, has told the President of the nigeria Labour Congress, Comrade Joe Ajaero not to use the platform, funds and resources of the NLC to pursue his ambition of either becoming the president of the country in 2027 or governor of Imo State.

Abure stated this at Asaba, Delta State on Wednesday while reacting to the shutting down of the Labour Party’s National Headquarters by protesting members of the NLC who demanded for his immediate removal as National Chairman of the party.

He said the “picketing” of the party’s office was politically motivated, describing it as a show of rascality and abuse of office and the laws of the land.

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Why I Withdrew From Ondo Guber Race — Eyitayo Jegede

Latest Politics updatein nigeria

Lifestyle Nigeria gathered that the governorship candidate of the Peoples Democratic Party (PDP) in Ondo state in 2020, Chief Eyitayo Jegede, on Thursday, said he withdrew from the 2024 governorship race to give room for unity and ensure victory for the party in the forthcoming governorship election.

Jegede who noted that disunity has not allowed any candidate from that party to win the governorship race in the state, said he chose to sacrifice his ambition for the development of the party.

This is just as a group within the party, PDP Crusader, hailed the decision of Jegede to step aside in the forthcoming governorship election in the state in order to build a strong and united party that can send the ruling All Progressives Congress (APC) packing in the state.

The Coordinator of the PDP Crusader, Hon Mayokun Akinmoladun, said the group was ready to follow and support Jegede in any decision he took on the party’s primary and the November 16 governorship election.

Akinmoladun said the most important thing to the party is to come together and rescue the state, noting that the party was not being run the way it was supposed to be.

He said the party may go into extinction if care is not taken, and commended Jegede for financing the party since it lost the governorship seat some eight years ago.

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El-Rufai Visits SDP Office Amid Rumour Of Defection (Update)

Latest Politics updatein nigeria

 

Lifestyle Nigeria gathered that Ahead of the 2027 general elections, former Kaduna State Governor, Nasir El- Rufai on Wednesday visited the Abuja National Secretariat of the Social Democratic Party, SDP.

A source said El-Rufai paid a consultation visit to the National Chairman of the party, Alhaji Shehu Musa Gabam.

The former Minister of the Federal Capital Territory, FCT, Abuja, is a chieftain of the All Progressives Congress, APC.

He was nominated for a ministerial position in President Bola Tinubu’s administration but was not confirmed by the Senate.

See Update link below:

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