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WB approves $800m for social, energy reforms - Newspaper


Soon after the approval, the two sides signed the loan agreements for quick disbursements.
Secretary of Ministry of Economic Affairs Noor Ahmed and the World Bank’s Acting Country Director Melinda Good signed the agreements on behalf of respective sides.
The ministry said the first loan pertains to the Second Securing Human Investments to Foster Transformation Development Policy Financing (SHIFT-II) Programme worth $400m. The programme financing is aimed at strengthening civil registration and vital statistics, health and education systems essential for human capital accumulation and recognising the contribution of women to economic productivity.
The programme seeks improvement to national safety nets to respond to shocks in a more efficient manner. ....

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First Bank: 'Decision to sack Adeduntan was in best interest' - Awosika insists


Former chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika has said that the decision to sack reinstated Managing Director of the bank, Adesola Adeduntan, was done in the best interest of the institution.
Awosika in a statement released via her Instagram account, said the decision to end the tenure of Adeduntan as the bank’s Managing Director was taken in the bank’s best interests.
“In October 2010, I was appointed to join the board of First Bank of Nigeria and appointed the board of its startup FBN Life Insurance Limited a few months later.
“Together with the rest of our team we built a company that became profitable in twenty-four months and continues to be so. ....

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