1 min readBy Temitope Nlewemchi
Parallex Bank Extends N4bn Loan Facility to Lagos Local Councils

Parallex Bank has announced a N4 billion credit facility to support local government councils in Lagos State, aimed at strengthening grassroots development and boosting economic activities across the state. The initiative, which reflects the bank’s growing focus on subnational financing, is designed to enable local councils to meet their infrastructure and social service obligations more [...]
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About this article
- Length
- 60 words · 1 min read
- Published
- September 30, 2026
- Byline
- Temitope Nlewemchi
- Source
- Infostride