Fed Govt Raises Agric Credit Scheme Fund To N50bn     The Federal Government has raised the share capital of the Agricultural Credit Guarantee Scheme to N50bn from N3bn. The Central Bank of Nigeria disclosed this in a document on Monday entitled ‘Agricultural Credit Guarantee Scheme Fund (Amendment)...

CBN Disburses N338.6bn Intervention Funds     The Central Bank of Nigeria (CBN) has disbursed N338.6billion coronavirus (COVID-19)-related intervention funds to beneficiaries across various sectors. A member, Monetary Policy Committee (MPC), Sanusi Aliyu Rafindadi, who made this known in a note released by the apex bank, said reports...

Investment One’s Dollar Fund Offers Investor Comfort Amid FX Uncertainty     As a petrodollar economy, Nigeria is susceptible to weakness in global oil prices which has continually impacted the country’s exchange rate and brings to the table conversations around devaluation of the local currency as was...

Ngige Approved N3.4bn NSITF Training Fund - Management     The embattled former management of the Nigeria Social Insurance Trust Fund has said all training, contracts and rehabilitation it carried out received the approvals of the Federal Ministry of Labour and Employment and the National Assembly. Ngige had...

N1.8trn Fund: We Received Only N58bn - Discos     Electricity distribution companies on Wednesday claimed that out of the N1.8tn intervention fund so far injected into the power sector, they only accessed N58bn from the Central Bank of Nigeria’s N213bn loan facility. The Discos said the N58bn...

COVID-19 Funds: CBN Disburses N107.45bn To Beneficiaries   At least N107.45 billion has been accessed by beneficiaries from the N1.15 trillion Central Bank of Nigeria’s (CBN’s) COVID-19 pandemic intervention funds within the last 90 days, data by the apex bank has indicated. The data showed that close...