Nigeria: UDBN Grants N5 Billion Mass Transit Loans to NLC, TUC

13 October 2011

THE Urban Development Bank of Nigeria (UDBN) has granted 50 per cent of its N10 billion Public Mass Transit Revolving Loan to members of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC).

The bank's chairman, Alhaji Lamis Dikko, who said in Abuja on Tuesday, said the loan attracts 5 per cent interest rate per annum.

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