FG Creates Three Subsidiaries Under NIPOST   The Federal Government is unbundling the Nigerian Postal Service into three subsidiary companies which will operate on the principle of commercial viability, the Bureau of Public Enterprises announced on Wednesday. The BPE’s Director-General, Alex Okoh, said the ongoing reform of...

CBN Sets Conditions For Building Subsidiaries, SPVs By DFI   The Central Bank of Nigeria (CBN) has listed conditions for the establishment and operations of subsidiaries and special purpose vehicles (SPVs) by Development Finance Institutions (DFIs). The Bank in a letter to all DFIs that was signed...

World Bank Group’s Shareholders Approves $13b For Subsidiaries     A fresh hope of more development financing for middle and lower income countries, including Nigeria, has been raised, as the World Bank Group’s shareholders overwhelmingly approved a new Paid-in Capital of $13 billion for its subsidiaries- International...