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$824 Billion Resource-Backed Loans Slowing Africa’s Growth – Akinwumi Adesina
Mr Akinwumi Adesina, the president of the African Development Bank, stated yesterday that non-transparent resource-backed loans threaten Africa's economic prospects because they make debt resolution m...
Indorama Goes Into $75 Million Loan Agreement With AfDB
It has been reported that Indorama Eleme Fertiliser and Chemicals Limited, a Nigerian company, and the African Development Bank have concluded a $75 million loan agreement. The bank made this announce...
Cadbury Nigeria Plc Announces No Dividend for 2023 FY
Cadbury Nigeria Plc, a consumer goods company, has announced that it will not pay dividends to its shareholders for the 2023 fiscal year because it suffered a huge loss of N19.09 billion after taxes.A...
Cardbury Nigeria Plc Shareholders Approve Conversion of Intercompany Loan of $7.72 Million
It has been reported that shareholders of Cadbury Nigeria Plc have approved the conversion of an outstanding intercompany loan of $7.72 million (N7.04 billion) that was owed to its majority, Cadbury S...
Cadbury to Seek Shareholders Permission to Convert $7.7m Intercompany Loan Into Equity
Cadbury Nigeria announced that it would seek shareholders approval before it moves to convert an outstanding intercompany loan of $7.718 million that Cadbury Schweppes Overseas Limited owes into equit...