Digital Lending Portal For SMES- Access Bank
As part of its effort to provide access to finance for SMEs to grow and expand their businesses, Access bank Plc has launched a digital lending portal, “Cash flow Loans…
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Federal Government Approves N2.3 Trillion COVID-19 Stimulus Plan for Nigerians
The Nigeria Federal Executive Council has approved the sum N2.3trillion as COVID-19 stimulus plan to support the rejuvenation of the country economy from the adverse effect of the Coronavirus pandemic….
Continue readingFG Plans to Review Domestic Gas Pricing Framework
The Minister of State for Petroleum Resources, Timipre Sylva, said the Federal Government (FG) plans to review the prices of gas consumed across the country. The move would help deepen…
Continue readingChina Plans to Cancel some African Countries’ Debts
China’s Consul General in Lagos, Chu Maoming disclosed on Monday that China will cancel the debt of relevant African countries in the form of interest-free government loans that are due…
Continue readingNigeria’s Power Sector Recovery Gets $750m IDA Credit
The World Bank has approved $750m International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation. The statement issued by the bank on Wednesday expressed worry that about 47…
Continue readingThe Nigerian Stock Exchange (NSE) Upgrades Data Portal
The Nigerian Stock Exchange on Monday, announced the upgrade of its Data Portal to revamp and improve market accessibility for subscribers. In his statement, Mr. Oscar Onyema, Chief Executive Officer…
Continue readingNEC Wants Discos Audited Before Siemens Deal
The National Economic Council (NEC) has stressed the need for urgent technical and financial audits of the Electricity Distribution Companies (Discos) in the country before interventions by Siemens, World Bank…
Continue readingAnxiety As Debt Service Burden Stokes Bankruptcy – External Loans Now 91.4% Of Foreign Reserves
With the recent Senate’s approval of President Muhammadu Buhari’s $5.513 billion loan request, it has bumped the country’s external debt profile to $33.18 billion, representing about 91.4 percent of the…
Continue readingLAWMA Contractors Sacked Over Ghost Workers
Lagos State Government terminated the contracts of some operators with the Lagos State Waste Management Authority (LAWMA) on Sundays. The said operators allegedly violated some terms of their agreement with…
Continue readingNigeria Aviation Industry Loses N63 Billion To Effects of COVID-19
The Nigeria aviation Industry has lost over N63 billion to the ravaging effects of COVID-19, a report by the Nigeria Ministry of Aviation has revealed. Describing the air transport value…
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