Cherry Trading said the credit facilities will be utilized to purchase vehicles for long-term lease customers Cherry Trading Co. signed today, Dec. 21, a Shariah-compliant credit facility deal worth SAR 250 million with Alinma Bank, according to a Tadawul filing. The three-year financing is covered by a promissory note and the assignment of proceeds. The loan will be utilized to purchase new vehicles for long-term lease customers, the statement added, indicating that no related parties were incl...

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has reacted to the long queue at the CNG conversion center along Airport Road, Abuja. The conversion center located along Airport Road is run by NIPCO filling stations in conjunction with the Nigerian National Petroleum Company (NNPCL) and EPP Gas. There have been complaints of a shortage of gas at the station, with vehicles forming a very long, unattended queue. The minister, while addressing the press on the issue, assured th...