CBN To Promote N15trn Infrastructure Company     The Central Bank Governor, Godwin Emefiele, has said that the country will support InfraCo Plc, a world-class infrastructure development vehicle with combined debt and equity capital of N15tn, as part of efforts to stimulate local production in the country. Emefiele...

MDAs Remitted N1.5trn Operating Surplus In 11 Years — FRC   A total of N1.551tn operating surplus of some revenue generating agencies of government was remitted to the Federal Government Consolidated Revenue Fund from 2007 to 2018. This was disclosed in the 2018 Annual Report of the...

80,000 Apply For CBN’s N50bn COVID-19 Intervention Fund   Three weeks after the Central Bank of Nigeria released the guidelines for the N50bn targeted credit facility, over 80,000 applications have so far been received from businesses and individuals. The Managing Director, NIRSAL Microfinance Bank, Mr Abubakar Kure,...

How To Access N50bn COVID-19 Intervention Fund – CBN     The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention loans for small and medium scale enterprises. The CBN introduced the N50bn Targeted Credit Facility as a stimulus package...

Tin-Can Customs Rake In N31.7bn In March     Tin-Can Island Port Command of the Nigeria Customs Service (NCS) says it generated a total of N31.7 billion as revenue in the month of March 2020, representing about N5.220 billion higher than its collections in the same month...

AfDB Offers Nigeria, Others $10bn Facility     The African Development Bank Group on Wednesday said it had created a COVID-19 response facility up to $10bn to assist regional member countries in fighting the pandemic. It said the facility was the latest measure taken by the bank to...