CBN Unveils Solar Intervention Fund, Fixes N500m Maximum Limit       The Central Bank of Nigeria has introduced a solar intervention fund that will offer obligors access to credit facility that will not exceed a maximum of N500m maximum, with the aim of providing affordable electricity to...

Collapsed Infrastructure: Electricity Sector Losses N365bn In 6 Months     Insufficient gas supply, distribution and transmission infrastructure have continued to plague the power sector, forcing it to record losses amounting to N365 billion in the first half of 2020, H1’20. The losses, which also occurred mainly because...

NESP Begins N75bn MSMEs Palliative Fund Disbursement       The Nigerian Economic and Sustainable Plan (NESP) has kicked off the disbursement of the Micro Small and Medium Enterprises (MSMEs) N75billion Survival Fund and Guaranteed Off-take Stimulus schemes. The NESP was initiated by President Muhammadu Buhari on March 30,...

Bank Loans To Real Estate Operators Now N666.73bn       The total loans by banks to operators in the real estate sector rose to N666.73bn as of the end of second quarter of 2020 from N651.62bn in the first quarter of 2020. The National Bureau of Statistics disclosed...

N190bn Debt: Abuja-Kaduna Train Service And Burden Of China Loan       The Abuja – Kaduna train project is one of the foremost projects executed with the loans from China, and there are doubts on how this project can generate enough to finance its repayment process, four...

FG To Fund N104.5bn Electricity Tariff Shortfall       The Federal Government will fund a tariff shortfall of N104.5bn that will be recorded by electricity distribution companies from September to December 2020, according to the Nigerian Electricity Regulatory Commission. The Discos had early this month announced what they...