GTBank Receives US$175m for Expansion

first_imgThe International Finance Corporation, an arm of the World Bank Group, has announced US$175 million lending facility to Nigeria’s Guaranty Trust Bank.According to IFC in a statement on Tuesday, the facility is to enable the bank to expand its lending portfolio in Africa’s biggest economy.It said the financing comprises US$100 million for IFC’s own account and $75 million through an IFC managed co-lending portfolio.Previously, in 2010, IFC had lent US$200 million to GTB to assist in mitigating the effects of the global financial crisis of 2008/2009 on the Nigeria banking sector. It had the strategic objective of improving confidence within the Nigerian financial sector, as well as with international investors.Although the terms of the latest loan facility between GTB and IFC were not publicized, normally IFC loans have maturities of seven to 12 years at origination.Grace periods and repayment schedules are however determined on a case-by-case basis in accordance with the borrower’s cash-flow needs. If warranted by the project, IFC provides longer-term loans and longer grace periods. Some loans have been extended to as long as 20 years.Meanwhile, last week, IFC launched Lighting Africa project for Nigeria. The project, a joint initiative with the World Bank, is aimed at helping to increase access to affordable, clean and safer lighting for more than 30 percent of Nigeria’s population who live in rural areas, and have low incomes and no access to grid electricity.The project is also expected to buoy development commercial markets for off-grid solar lighting products in Nigeria.GTB is one of the biggest commercial banks in Nigeria with at least 233 branches across the country.The bank also known as GTBank was incorporated as a limited liability company licensed to provide commercial and other banking services to the Nigerian public in 1990 and commenced operations in February 1991.In September 1996, Guaranty Trust Bank plc became a publicly quoted company and won the Nigerian Stock Exchange President’s Merit award. In February 2002, the Bank was granted a universal banking license and later appointed a settlement bank by the Central Bank of Nigeria (CBN) in 2003.Guaranty Trust Bank undertook its second share offering in 2004 and raised over N11 billion from Nigerian Investors to expand its operations.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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Guyana is prepared to prove its case in court – Granger

first_imgBorder controversy…fetes GDF ranks at annual Christmas lunchPresident David Granger on Wednesday said that Guyana welcomed the decision by United Nations Secretary General Ban Ki-moon to identify a definitive deadline to the Good Offices Process for the resolution of the Guyana-Venezuela border controversy.Officers and ranks of the Guyana Defence Force (GDF) at the annual Christmas lunch at Base Camp AyangannaDeclaring that Guyana has worked hard to bring an end to the claim on its sovereign territory, the President said that the country was ready to prove its case in the International Court of Justice at the end of 2017, should the Good Offices Process maintain the current stalemate.The President, who was at the time addressing officers and ranks of the Guyana Defence Force (GDF) at the Annual Christmas Lunch at Base Camp Ayanganna, said that Guyana has already waited too long for a resolution to this matter.“Last Friday, for the first time in 51 years, the Secretary General has decided that that 51-year-old claim by Venezuela will go to the world court at the end of 2017 if the two countries, Guyana and Venezuela, do not agree to make some other arrangements. Well, we have already decided that we have already waited 51 years too long. It is our territory and we will go to court to prove that it is our territory and you are there to back me up, aren’t you?” the President said to loud cheers and shouts of “yes” from the members of the Force.He noted that the country has put in significant effort and work to place the border controversy at the top of the international agenda, lobbying the UN Secretary General and gaining support from the Caribbean Community (Caricom), the Commonwealth Nations and nation states.  He added that it was satisfying that the work of the administration has not been in vain.“We worked hard for it… I am satisfied that the Secretary General has discharged his responsibility to the Geneva Agreement of 1966. So we are very grateful he has made that decision. We have waited 50 years and we understand that the Secretary General has been very deliberate and very cautious in approaching this matter. International issues cannot be resolved in a sudden or spontaneous fashion and we understand that under the circumstances the Secretary General did what was his duty under the Geneva Agreement,” the Commander-in-Chief of the Armed Forces said.The President expressed gratitude to the servicemen for their commitment and dedication during the past year, noting that Guyana would not have been where it was had it not been for the Force.Meanwhile, Chief-of-Staff of the GDF, Brigadier George Lewis said that the Force has enjoyed an “excellent” year, in which its successes were more than its challenges and, therefore, it looked forward to an even better year in 2017.The lunch marked the last of a series of lunches, referred to as ‘Soldiers’ Day, held by the GDF in recognition and celebration of its ranks, during the Christmas season. There have been Soldiers’ Day activities at Lethem, Kaikan, Eteringbang, Mabaruma, the GDF Floating Base, New Amsterdam, Camp Stephenson, Camp Seweyo and Camp Jaguar.With Guyana on the verge of becoming a lucrative oil-producing nation, Venezuelan President Nicolás Maduro issued a decree in May last year purporting to claim the majority of Guyana’s waters off Essequibo.The decree was seen as a flagrant violation of international law and was inconsistent with the principle that all states should respect the sovereignty and territorial integrity of other states.In an effort to defend its sovereignty, Guyana made it clear to the Venezuelan Government that the Essequibo and its offshore waters belong to Guyana, and strengthened its push for judicial settlement of the issue, as the Good Offices Process had yielded little result.The border between the two countries was settled by an international tribunal in 1899, in an award the parties, including Venezuela, had agreed would be the final settlement. Since the belligerence from Venezuela, moves have been made by the international community, including the UN Secretary General, to push for a peaceful resolution of the issue.The Guyanese leader and President Maduro had met with the outgoing UN Secretary General for the first time in September last year to discuss the controversy. The meeting was dubbed fruitful as both Heads pledged to mend the bilateral relationship, while attempts are being made to resolve the border controversy.last_img read more

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Citizens, business community protest parking meter burden

first_img…peaceful picketing interrupted by remunerated City Council supportersWhile Guyanese convened to protest the unreasonable conditions brought on by the implementation of the parking meter system, Mayor Patricia Chase-Green defended the City Council, stating that only the affluent are being affected.Just two weeks after the introduction of parking meters in Guyana, citizens gathered to protest the City Council’s pay-to-park initiative. A crowd consisting ofAnti-parking meter protesters stood in solidarity before chaos ensuedparliamentarians, business owners and civil society members all assembled opposite City Hall in support of the “Say NO to Parking Meters in Guyana” demonstration on Friday. This gathering was the result of a public event created via social media, to express the continuous distress experienced by many, following the installation of Smart City Solutions’ parking meters. The event was intended to be a silent protest, however, the anticipated peaceful action quickly transformed into chaos, as alleged paid pro-parking meters supporters staged a counter protest.When questioned as to what motivated the demonstration on Friday, activists pointed to the numerous concerns over paid parking around the city. Feasibility, transparency and the cost for parking were some of the foremost concerns of the City Council’s new method of taxation. While some call for the immediate removal of the parking meters, given the added expense and disruption to businesses, others expressed their understanding of the reasons for the existence of these meters.However, they are merely requesting a reduction in the cost, as the current rates do not cater for working class citizens and the poor.The recently elected Deputy Mayor of Georgetown, Lionel Jaikaran, justified his reason for joining the protest, as he explained that the initiative lacked proper implementation. He said too that the lack of consultation prior to the implementation of the parking meter system and the unanswered questions pertaining to Smart City Solutions Inc (SSCI), were reasons for the outburst of disapproval.The outgoing Deputy Mayor, Sherod Duncan, was also present and in support of the citizens. He implored the City Council to listen to the people.However, Mayor Chase-Green clapped back, claiming that persons failed to engage the Council on matters concerning the parking meters, and chose various forms of demonstration instead. Supported by the Town Clerk Royston King, the duo highlighted the advantages of the initiative. King labelled the protestors actions as “backwards thinking,” stating that the meters will ensure the restoration and development of the country. He further reported that the system employed citizens as street patrol officers and instances of breaches have been eradicated since the installation.Despite the intentions of a passive demonstration, chaos quickly followed, as supporters of the parking meter initiative accumulated alongside the front of the City Hall compound. Activists were accused of partisan intentions and fuelling verbal attacks. The situation escalated when threats were exchanged and even with both parties’ involvement, only an anti-parking meter protestor was arrested by City Constabulary Officers.The protest came to an end with the activists uniting in the singing of Guyana’s National Anthem, indicating that their actions were in the interest of the entire nation.last_img read more

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Obama in L.A. for votes

first_imgDEMOCRATIC presidential candidate Barack Obama isn’t making the same tactical mistake in California made by most presidential candidates – treating the state like an unwanted stepchild. The Illinois senator has been in the presidential hunt barely a week, yet he’s already coming to Los Angeles today for a rally in the West Adams district. This isn’t Obama’s first visit to our city. Since joining the Senate in 2005, he’s flitted in and out and barnstormed the state on book-signing as well as fundraising tours. Last year, he campaigned here on behalf of gubernatorial candidate Phil Angelides. By reaching out to California, Obama has defied the political logic that says candidates shouldn’t waste time, money and energy hustling votes here on a lost (Republican) or already-won (Democratic) presidential cause. According to this line of thinking, California is good for one thing and one thing only: collecting barrels of cash for politicians to wage their fights in the battleground states. Obama will surely come looking for cash, too – his trip today includes a Beverly Hills fundraiser hosted by DreamWorks SKG partners Steven Spielberg, Jeffrey Katzenberg and David Geffen. But unlike most recent candidates, he also seems interested in actually trying to woo the state’s voters. That’s especially true in the 2008 Democratic primary, where African-Americans will have plenty of other candidates to choose from. Among black voters, Hillary Clinton and John Edwards are just as admired as Obama – in some polls, they even attract a higher portion of the black vote. Clinton will also likely outdo Obama in the crucial contest of getting Hollywood celebs and wealthy liberals to shell out millions for her campaign. Meanwhile, New Mexico Gov. Bill Richardson, who is also seeking the Democratic presidential nod, is Latino. If he can find legs for his campaign, he could do so well with Latino voters in Los Angeles and throughout the state as to more than offset any advantage Obama has among blacks. And among whites, Clinton, Edwards, and perhaps even Richardson don’t have to deal with the X factor of race. That factor will be sorely tested during the presidential campaign as Obama seeks to be the first black president – and it’s not clear yet how white Americans will respond. Which is to say winning California won’t be easy for Obama, but it’s crucial to his chances of taking the Oval Office. As California goes, so goes Obama. Meanwhile, we should applaud the senator for having the foresight and the courage to engage our state. It shows the man understands that politicians can do more in California than simply troll for bucks in Hollywood. Earl Ofari Hutchinson is a political analyst and social issues commentator, as well as the author of “The Emerging Black GOP Majority.”160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! It only makes sense. With the state poised to move the 2008 primary up to February, California will likely exert unprecedented influence this time in choosing the parties’ presidential nominees. For Obama, the black vote in L.A. may be the difference-maker in taking the state and, in turn, the Democratic nomination. Indeed, his stops in South L.A. are a clear sign that he’s counting on it. But polls have shown that many blacks are skeptical about Obama. In informal surveys in black newspapers in Los Angeles, most African-Americans express joy that he’s running, but deep down they are wary – for reasons that have little to do with doubts about his competence, political savvy, or even his paper-thin Senate track record. Instead, these doubts are rooted in electability. Can Obama win? When Obama’s record and views are separated from the myth-making and rock-star image, the problem of his electability looms large. He’s an unabashed liberal, having received approval ratings of 100 from the NAACP, the National Organization for Women, the National Education Association, and the American Federation of State, County & Municipal Employees – as well favorable reviews from the ACLU. These are the sort of rankings that could put Obama too far outside the mainstream to win a national election. And that means they could sink him in California, too, if enough African-American voters become convinced that the odds against his winning the general election are just to great for them to risk a vote on him in the primary. last_img read more

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Pictures: Check out the best images from Manchester United’s win over Barcelona

first_img Andreas Pereira has shown his class so far in pre-season for Manchester United – Click right for more pictures 11 11 11 11 11 New signing Matteo Darmain did well at right-back – Click right for more pictures And he was happy to celebrate too – Click right for more pictures There was no sign of any unhappiness from David De Gea who was in top form after injury – Click right for more pictures 11 11 Adnan Januzaj was delighted to complete the scoring after a tough campaign last year – Click right for more pictures Levi’s Stadium in Santa Clara, California was a fine host for the game despite a dry and sandy pitch 11 Jesse Lingard fired home Manchester United’s second goal of the game – Click right for more pictures 11 Manchester United have given themselves a huge confidence boost ahead of the new season with a 3-1 victory over Barcelona.The two sides clashed in a pre-season friendly at Levi’s Stadium in Santa Clara, California and the Red Devils looked in good condition.Wayne Rooney put them ahead after just eight minutes with a simple header from a corner, while youngster Jesse Lingard put them two goals to the good in the second period.Barcelona midfielder Rafinha gave Louis van Gaal’s side a late scare but Adnan Januzaj completed the scoring moments later, in second half injury time, to round off a decent win.You can see pictures from Manchester United’s victory by clicking the right arrow above… Memphis Depay couldn’t find the back of the net but performed well enough – Click right for more pictures Ashley Young’s rejuventation is continuing and he forced a reaction save from Marc-Andre ter Stegen – Click right for more pictures 11 11 Rafinha grabbed a consolation strike for Champions League winners Barcelona – Click right for more pictures Wayne Rooney got Manchester United’s opening goal against Barcelona – Click right for more pictures last_img read more

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ATHLETICS: ROSSES AC NOTES

first_imgRosses ACLast Sunday saw the Ulster Uneven ages taking place in Killybegs. There was a strong representation from the club. Good showing by the u-11 girls team of Ciara Kavanagh, Rioghnach Gallagher, Orlaith Kavangh, Kate Bonner, Anna Martin and Chloe Boyle. In the u-11 boys Patrick Marry, Ferdia Doherty, Aidan McCole, Eoghan Diver and Joe Sharkey all ran very well. Mia Doherty and Mia McDevitt gave it their all in the u-13 girls and Fintan Doherty putting in a strong effort in the u13 boys. In the ladies novice the team did very well with Sharon Wilson, Grace Garvey and Deirdre Diver finishing 8th team. In the mens Novice Noel Diver continued his good form with a very creditable 18th place in a strong field. The next 5 sessions for the Sports Hall athletics will commence Monday 12th November – in the Rosses Community School from 6:45 – 7:45pm. Fee is 10 euro for 5 nights or 15 euro per family. All welcome. Training will continue for our cross country until Friday 16th November from 4.30 – 5.30. Track and Field will start again in the Spring. The club annual presentation night will be Wednesday November 21st at the N. Mhuire club house starting at 7pm. All parents and children are asked to come along and all children who have participated in indoors, track and field, cross country, etc. The annual club AGM will take place on Wednesday 28th November in the hall in Mullaghduff with an 8:30pm start. Parents, committee and new members all welcome and encouraged to come along. All seniors please note that the club is planning to have a Senior awards and social night with a provisional date of December 14th planned in Dungloe – more details to follow.ATHLETICS: ROSSES AC NOTES was last modified: November 13th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Rosses Athletic Club noteslast_img read more

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Is this what Steven Gerrard’s Rangers team will look like next season?

first_imgRangers manager Steven Gerrard has been very busy in the summer transfer window as he looks to build a new side that will compete with Glasgow rivals Celtic for the top prizes in Scottish football.Rangers’ season actually begins on July 12 when they face Shkupi in the first qualifying round of the Europa League so Gerrard will be keen to get his new-look side gelling together as soon as possible. 12 Gerrard was appointed Rangers boss in May 12 Centre midfield: Ross McCrorie Centre back: Nikola Katic – signed on four-year deal in June 12 Right back: Jon Flanagan – signed on a free in June 12 12 12 Left back: Lee Wallace reportedly offered return to fold by Gerrard after Wallace fell out with old Gers boss Graeme Murty 12 Goalkeeper: Allan McGregor – re-signed for Rangers from Hull in May center_img Centre midfield: Ryan Jack 12 Right wing: Scott Arfield – signed from Burnley in May 12 Gerrard has dipped into his former club Liverpool by signing the likes of ex team-mate Jon Flanagan as well as academy player Ovie Ejaria on a season-long loan.However, there have been a number of other acquisitions made since Gerrard’s arrival and the team is now shaping up quite nicely.But how could the Gers line-up next season? Click the right arrow, above, to see the potential Rangers XI for the upcoming 2018/19 campaign… 12 Forward: Dominic Solanke – currently at Liverpool but linked with a move to Ibrox Left wing: Ovie Ejaria – signed on a season-long loan from Liverpool in June Attacking midfield: Jamie Murphy Centre back: Connor Goldson – signed for Rangers from Brighton on four-year deal in June 12 12last_img read more

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ALBAM SHEACHTAIN NA GAEILGE 2012 AR FÁIL SAOR IN AISCE LE FOINSE

first_imgIs cúis áthais do Foinse go mbeidh RÍ-RÁ LE HECTOR, albam oifigiúil Sheachtain na Gaeilge 2012, ar fáil saor in aisce le Foinse agus an Irish Independent ar an gCéadaoin seo (28 Márta).Tá amhráin Ghaeilge ó chuid de na ceoltóirí is fearr sa tír le cloisteáil ar an albam speisialta seo; BellX1, The Coronas, The Kanyu Tree, Delorentos, The Walls agus The Riptide Movement, gan ach cúpla ceann a lua.Sheol Hector Ó hEochagáin, colúnaí Foinse, an t-albam ar a chlár raidió ar 2fm, Breakfast with Hector. “Geallaim daoibh go bhfuil RÍ-RÁ LE HECTOR ar cheann de na halbaim is fearr i mbliana,” arsa Hector.“Faigh é, seinn é agus bíodh sé in aice leis an steirió don bhliain. Is í Éire ar dtír agus is í an Ghaeilge ár dteanga. Bíodh bród orainn!!”Beidh an dlúthdhiosca ar fáil saor in aisce le cóipeanna de Foinse agus an Irish Independent, ó shiopaí SuperValu agus Centra ar fud na tíre.Dóibh siúd a bhfuil suim acu focail na n-amhrán ar RÍ-RÁ LE HECTOR a fhoghlaim, crochfar na liricí ar shuíomh Foinse, www.foinse.ie. Seachtain na Gaeilge 2012 album available free of charge with FoinseFoinse is delighted to announce that RÍ-RÁ LE HECTOR, the official Seachtain na Gaeilge 2012 album, will be available free of charge with Foinse and the Irish Independent this Wednesday (28thMarch).Some of the country’s top artists have recorded songs in Irish for this special album; BellX1, The Coronas, The Kanyu Tree, Delorentos, The Walls and The Riptide Movement, to mention but a few.Foinse columnist, Hector Ó hEochagáin recently launched the CD on his radio show, 2fm’s Breakfast with Hector.“I promise you, that RÍ-RÁ LE HECTOR is one of the best albums you will hear this year,” he said. “Get it, play it agus have it beside your stereo for the year. Ireland is our country and Irish is our language. Be proud!”The CD will be available free of charge with copies of Foinse and the Irish Independent purchased in SuperValu and Centra stores around the country.For those who are interested in learning the words of the songs on the RÍ-RÁ LE HECTOR album, the lyrics will be posted on Foinse’s website, www.foinse.ie.ALBAM SHEACHTAIN NA GAEILGE 2012 AR FÁIL SAOR IN AISCE LE FOINSE was last modified: March 27th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:ALBAM SHEACHTAIN NA GAEILGE 2012 AR FÁIL SAOR IN AISCE LE FOINSElast_img read more

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DONEGAL LADIES FOOTBALL BOSS ACCUSES TYRONE OF CYNICAL PLAY

first_imgTHE coach of the senior Donegal ladies football team has blasted the tactics used by Tyrone in the Red Hand victory on Sunday.Margaret Foy was irked at the number of off-the-ball incidents and how the game was handled by Sligo referee Yvonne Duffy.Tyrone won the match 4-06 to 1-08 at Castlefin with Foy angry that her players weren’t protected. Donegal’s Karen Guthrie was sin binned for challenging for a 50-50 ball while a host of Tyrone fouls went unpunished.“We were told the rules at the start of the year but these rules don’t seem to apply on the pitch,” said Foy.“I’m unhappy with the referee. Our girls want to play football but if it’s going to be a boxing ring, they would have taken it to a ring.“It was a very physical match. Our girls sat back and got hit. There was a lot of hitting off the ball as well.”  DONEGAL LADIES FOOTBALL BOSS ACCUSES TYRONE OF CYNICAL PLAY was last modified: February 17th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:cynicaldonegalMaggie foyTyronelast_img read more

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Eddie Hearn to weigh in behind decimated Dunree Boxing Club after flood

first_imgTop boxing promotor Eddie Hearn is to get behind a Donegal Boxing Club destroyed by last week’s flooding in Inishowen.Hearn – who has the likes of Katie Taylor, Anthony Joshua and Tony Bellew in his Matchroom Sport’s stable – responded to an SOS from Dunree club member Charlie Duffy on Twitter.Dunree’s equipment, at Celtic Park just outside Buncrana, was washed away in Tuesday night’s flash flooding. The brick walls on the shed that houses the club were torn down by the manacing waves and the heart swept from the club.“The placed is just totally destroyed, totally wrecked,” Dunree BC coach Fergal Doyle said.“Most of our equipment is gone down the river. It’s a disaster.”The club launched a GoFundMe appeal last week and have raised €320 so far, while they are also appealing for donations of equipment. Hearn asked the club to send his team an email.“We will try and help,” he said.Please send an email to Karen.mazzone@matchroom.com we will try and help— Eddie Hearn (@EddieHearn) August 28, 2017 Eddie Hearn to weigh in behind decimated Dunree Boxing Club after flood was last modified: August 29th, 2017 by Chris McNultyShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Charlie DuffyDunreeDunree Boxing ClubEddie HearnFLOODINGInishowenInishowen FloodingKatie Taylorlast_img read more

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