Islamic Development Bank approves $150m to Nigeria to develop Agro zones
The Islamic Development Bank (ISDB) has announced that it will be releasing the sum of $150 million to Nigeria in a few days from now, in a bid to develop…
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CBN to bear 50% credit risk of Anchor Borrowers Programme (ABP) Unrecovered Loan
The Central Bank of Nigeria (CBN) has today unveiled a revised Anchor Borrowers Programme (CBN) that among various measures provided for an equal sharing of credit risk and stiffer penalties…
Continue readingHow to Invest in 2021 FG N250 billion Sovereign Sukuk
The Federal Government of Nigeria (FGN) through the Debt Management Office (DMO) is looking set to raise an additional N250 billion this year, through the issuance of another Sovereign Sukuk….
Continue readingREPORT: See The four sectors That attracted over N720 billion investments in Nigeria in the last 3 months and Why it matters.
A recent report released by the Nigeria Investment Promotion Commission (NIPC) revealed that four critical sectors attracted over N720 billion ($8.99 billion) worth of investments between July and September, 2021….
Continue readingConsumers Call for Review of Privatization as Power Generation Drops to 3,844MW
Data obtained from the Federal Ministry of Power show that power generation in Nigeria dropped from a peak of 4,224.9MW on Sunday to 3,844.3MW by 6:00am on Monday. Against the…
Continue readingCBN to Empower 100 Companies
The Central Bank of Nigeria (CBN) has unveiled an operational framework to guide interested companies in participating in the 100 for 100 Policy on Production and Productivity initiative. The framework…
Continue readingSEC to Sanction Capital Market Operators for Unethical Conduct
The Securities and Exchange Commission (SEC) has vowed to apply stiff sanctions to any capital market operators who engage in unethical conduct. Speaking at the Annual Stockbrokers Conference of the…
Continue readingBeware of fraudsters, fake eNaira social media handles, CBN warns
The Central Bank of Nigeria (CBN) has warned Nigerians and all interested individuals who wish to participate in its recently launched digital currency tagged ‘eNaira’, to beware of fraudsters and…
Continue readingEpileptic Power Supply is an Obstacle to Nigeria’s Industrial Growth – Adesina
Speaking at the 49th Annual General Meeting of the Manufacturers Association of Nigeria in Abuja, the President of the African Development Bank, Akinwumi Adesina said lack of reliable power supply…
Continue readingNLC Describes Unemployment as Time Bomb
The Nigeria Labour Congress (NLC) has described unemployment as a time bomb which if not urgently addressed by the Federal Government, will worsen the already bad security situation in country….
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