Arik Air Denies Diversion Of N120bn Fund   The management of Arik Air Limited (in receivership) has dismissed allegations of misappropriation of funds to the tune of N120 billion. The Economic and Financial Crimes Commission (EFCC) had reportedly detained the Receiver Manager appointed by the Assets Management...

N157bn Released To Fund Second Niger Bridge – Ahmed   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has disclosed that the federal government has so far released N157bn for the Second Niger Bridge project. The minister disclosed this while on an inspection of...

NDIC Covers 98% Of Bank Depositors’ Fund   The Nigeria Deposit Insurance Corporation (NDIC) has said more than 97. 6 per cent of account holders are fully covered by the N500,000 insurance limit. According to the managing director and chief executive of the NDIC, Mr Bello Hassan...

Women In Agriculture To Benefit From AfDB’s $150m Fund       The African Development Bank (AfDB) has stated that by the end of 2021, the bank is expected to have provided close to $500 out of which $150 million that would be channeled to women in agriculture...

We’re Ready To Fund Farmers, Artisans - CBN       The Central Bank of Nigeria has called on farmers, artisans, traders and others in Anambra State to maximise the funding opportunities which the bank has made available for them to expand their businesses. Branch Comptroller of the bank...

Kano Gets N10bn CBN Fund For Ailing Industries       Kano State has secured N10 billion intervention fund from the Central Bank of Nigeria (CBN) to revive industries that were affected the most by the coronavirus pandemic. The Director-General of Kano Investment Promotion Agency (KANINVEST), Hajiya Hama Ali...