CBN Disburses N94.34bn COVID-19 Healthcare Funds       The Central Bank of Nigeria has disbursed N94.34bn out of the N100bn credit intervention for the healthcare industry which it introduced as part of its measures to cushion the impact of the coronavirus pandemic on the economy. This CBN disclosed...

COVID-19 Hindering Ajaokuta Technical Auditors - Minister       The Federal Government has received funds for the establishment of regional mineral projects in all regions and has explained that the COVID-19 pandemic was preventing the arrival of technical auditors for the completion of Ajaokuta Steel plant. According to...

COVID-19 Loans: CBN Disburses N149.2bn To Households     The Central Bank of Nigeria (CBN) disbursed N149.21 billion to 316,869 households to cushion the effects of the COVID-19 pandemic. The funds, which were given out in the first phase of the N150 billion Targeted Credit Facility (TCF), were...

Foreign Exchange Inflow Rises To $23.60bn       Aggregate foreign exchange inflow into the country in the fourth quarter of 2020 rose to $23.60bn from $21.46bn in the third quarter, figure from the Central Bank of Nigeria revealed on Tuesday. The CBN stated in its report on ‘Foreign...

Gov Yahaya Bello for President of Nigeria? By Yushau A. Shuaib “Eh… My Oga!”, he exclaimed, with surprise written on his face. I quickly glanced backward to see who the call was meant for. Surprisingly, other guests, mostly editors and online publishers, were smiling and laughing. “Alhaji Yushau Shuaib…...

Despite Covid-19 Effects, Mutual Funds Rise By 50% To N1.5trn       Despite the adverse impact of the Coronavirus, COVID-19 pandemic, on the Nigerian economy, fund managers have raised their investment in Collective Investment Scheme, CIS, otherwise known as mutual funds. The Scheme itself has recorded a return...