Bank of Industry Raises €1.43bn in Global Loan Syndication Drive Offer oversubscribed by 42.5% James Emejo in Abuja The Bank of Industry (BOI), yesterday
announced that it received €1.43 billion and recorded 142.5 per cent subscription from the senior phase
of its global loan syndication. The landmark transaction also represented a 42.5 per cent
oversubscription as the bank takes advantage of the syndicated loan market. The facility includes a fully
guaranteed and a partially guaranteed tranche by Africa Finance Corporation (AFC).
The
development
finance
Continued on page 5
Lokpobiri Meets Oando Team, Says Nigerian Oil Firms Capable of Taking Over IOCs’ Assets ... Page 8 Friday, September 6, 2024 Vol 29. No 10740. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
FG Begins Sale of 30,000MT of Milled Rice at Subsidised Rate to Nigerians... Page 6
FOCAC: Tinubu Lauds $280bn Economic Trade Partnership Between Africa and China Jinping pledges $50bn financial aid for Africa Lists 10 partnership action plans between China and Africa Tinubu: At the heart of China-African relations is a foundation built on trust, mutual respect
Deji Elumoye in Beijing, China
President Bola Tinubu has described the $280 billion
Economic Trade Partnership growth between Africa and China as exponential. Speaking on Thursday in
Beijing, at the Forum on ChinaAfrica Cooperation (FOCAC), Tinubu underscored the value of the trade volume between
Africa and China, saying it shows deep economic relationship and expanded integration. The Nigerian leader told the
forum, which included Chinese President Xi Jinping and other African leaders, "I think the flourishing Economic Partnership
Trade between Africa and China has grown exponentially, reaching Continued on page 5
NNPCL: We are Working to Resolve Supply Shortfalls, Blames Scarcity on FX Illiquidity
Says it prefers PMS price determined by market forces Announces provision of additional 17.6m barrels of crude oil to Dangote refinery NNPCL yet to lift our petrol, discussions still ongoing, says new refining facility Shettima meets Lokpobiri, Mele Kyari on fuel price increase Story on page 5
PHILANTHROPY DINNER WITH BILL GATES... L-R: Global Director, Policy Advocacy & Communication, Bill & Melinda Gates Foundation, Dr. Paulin Basinga; Founder, LEAP Africa, Mrs. Ndidi Nwuneli; Founder and Chairman, Zenith Bank Plc, Dr. Jim Ovia, CFR; Co-Chair, Bill & Melinda Gates Foundation, Mr. Bill Gates; Olu of Warri, His Royal Majesty, Ogiame Atuwatse III, CFR; President/Chief Executive, Dangote Industries Limited, Alhaji Aliko Dangote, GCON; Minister of Health and Social Welfare, Dr. Muhammad Ali Pate, CON; Managing Director/CEO, Aliko Dangote Foundation, Mrs. Zouera Youssoufou; President, Global Development, Bill & Melinda Gates Foundation, Dr. Christopher Elias; and Interim Director, Nigeria Country Office, Bill & Melinda Gates Foundation, Mr. Uche Amaonwu at the Philanthropy Dinner with Bill Gates in Abuja on Tuesday.