BOI To Promote Enterprise In Ekiti With N1bn Loan         The Bank of Industry has expressed the bank’s readiness to provide credit facilities to the tune of one billion naira to empower entrepreneurs in Ekiti State. BOI Manager (Ondo and Ekiti states), Mr Seyi Ashaolu, said the...

Fed Govt Seeks New $1.2bn Loan From Brazil       The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A request for approval has also been transmitted to the National Assembly. The Minister of Finance, Budget and National...

Banks Provided N1.8trn, $1.36bn, €10.92m Loans To MSMEs - CBN         Based on the financing statements registered on the National Collateral Registry in respect of movable assets offered as collateral, lending banks availed credit amounting to N1.80tn, $1.36bn and €10.92m to Micro, Small and Medium Enterprises...

FG To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line — Amaechi         Minister of Transportation, Chibuike Amaechi, said, yesterday, that the Federal Government was set to apply for a $11billion loan to construct Lagos to Calabar rail. Amaechi made the disclosur y during an interactive...

Fed Govt Says $750m Loan To Complement COVID-19 Stimuli         The Federal Government of Nigeria said the proposed $750 million loan for states under its Nigeria COVID-19 Action Recovery and Economic Stimulus (N-CARES) would complement other economic stimulus programmes. The Minister of State for Finance, Planning and...

Fresh World Bank, AfDB, IDB Loans May Raise Nigeria’s Debt To N31.7trn       fresh loan disbursements expected from the World Bank, African Development Bank and Islamic Development Bank may raise Nigeria’s total public debt stock to N31.699tn in coming months. Nigeria currently expects about $1.844bn (N699.1bn at...