CBN Loans N9.3trn To Businesses
The Central Bank of Nigeria has lent N9.3trn to businesses, recovering N3.7tn from it.
The apex bank said N5tn was not yet due.
Director of Development Finance, CBN, Dr Yusuf Yila, disclosed this to journalists on Wednesday in Abuja, noting that manufacturers...
Nigerian Businesses Turn To Solar As Diesel Costs Bite - Report
Nigeria’s solar companies are seeing a surge in demand for mini-grids and equipment as businesses in Africa’s biggest oil producer look for alternative power sources, a Reuters report disclosed.
The increased demand became even stronger...
Naira To Drop Below N570/$ As Travelers, Businesses Resume Dollar Scramble
The naira which yesterday closed at N570/$ at the parallel market is expected to weaken further by next week as businesses resume and travelers scramble for more dollars.
Findings showed that demand for hard currencies...
Agric, Power, Manufacturing Top N23.5trn Loans To Businesses - CBN
The total gross credit to businesses rose from N19.4 trillion to N23.5 trillion in the last one year, representing over 21.1 per cent increase, the Central Bank of Nigeria (CBN), has said.
In a state of...
AfDB Okays $50m Loan For Nigerian Women Businesses
The board of directors of the African Development Bank has approved a loan of $50m to First City Monument Bank Limited to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy...
LCCI Lists Effect Of Twitter Ban On Businesses
The Lagos Chamber of Commerce and Industry (LCCI) has warned against what it described as collateral damage the suspension of Twitter operations in Nigeria would cause.
Its Director-General, Dr Muda Yusuf said many businesses, especially small medium enterprises...
