N180trn Consumer Credit Scheme Set for Takeoff
The Consumer Credit Scheme of the Federal Government will take off with a target of N180 trillion available as loans to the beneficiaries, the agency in charge said at the weekend.
The Consumer Credit Corporation (CreditCorp) plans a take-off...
Band A: DisCos Monthly Revenue Soars by 42.29% to N142.92bn
The revenue collected by electricity distribution companies, DisCos, increased significantly by 42.29% to N142.92 billion in April 2024, following the hike in electricity tariffs for approximately two million customers in Band A. The revenue in...
New Minimum Wage May Push States into Bankruptcy — NGF Report
As the nation awaits the new minimum wage promised to be sent to the National Assembly by President Bola Tinubu, the burden of implementing the minimum wage may make many states bankrupt.
The Federal Executive...
Naira, Two Others Worst Performing Currencies in 2024 – Bloomberg
The naira has emerged as the worst-performing currency in the world in the first half of 2024.
According to a report by Bloomberg on Friday, devaluation, insufficient dollar liquidity, and market volatility have hindered efforts by...
Cardoso: A Timely Advocacy for Transparency, Accountability in Nigeria’s Debt Management
By Abdulrahman Abdulraheem
Nigeria is regarded as one of the potentially wealthy and resource-rich countries in the world even though the huge potential is yet to translate into real economic prosperity for the nation. Just...
Disbursement of N150bn MSMEs Loan to Commence in July
The Federal Government on Thursday said the disbursement of N150bn loans to micro, small and medium enterprises and manufacturers would commence by the end of July.
It also disclosed that 60 per cent of the proposed one...
