BoI, Other Partners Boost NYSC Entrepreneurship Scheme With N3.6bn   Bank of Industry has disclosed that it has, along other partners, supported the National Youth Service Corps (NYSC) with a whooping N3.6 billion as startup loans since the inception of the NYSC Skills Acquisition and Entrepreneurship...

DMO Offers N250bn Sukuk For Subscription   The Debt Management Office (DMO) has offered for subscription N250 billion road Sukuk instrument for N1,000 per unit. In a statement, DMO indicates that the instrument was issued by “FGN Roads Sukuk Companies 1 Plc.” on behalf of the Federal...

W/Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria   The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional Cash Transfer programme in Nigeria, the Nigeria Governors’ Forum hinted in its 36th teleconference meeting communique...

W/Bank Experts Say Over 42m Nigerian Rural Adults Lack Banking Services     Two World Bank experts have disclosed that more than 42 million adults who live in rural areas in Nigeria lack basic banking services. The experts are a consultant, Maarten Froeling, and an Associate Results Measurement...

53 Local Oil Firms Get N124bn NCDMB Loans For Development   At least 53 local oil service firms have accessed the $300 million Nigerian Content Development Fund (NCDF) between 2018 and this year, the Nigerian Content Development Management Board (NCDMB), has said. The general manager of the...

Senate Approves Buhari’s Request On Fresh $5.8bn Borrowing   The Senate, on Wednesday, approved the request by President Muhammadu Buhari for loans totalling $5,803,364,553.50 and a grant component of $10m under the 2018-2020 External Borrowing (Rolling) Plan of the Federal Government. The approval followed the consideration and...