MAN, LCCI Decry Inaccessible N50bn COVID-19 Loan     Many Micro, Small and Medium Enterprises who are members of the organised private sector have decried their inability to access the loan offered by the Central Bank of Nigeria for MSMEs and household impacted by the coronavirus pandemic. It...

Fed Govt Plans N4.28trn Loan For N12.66trn 2021 Budget     The Federal Government has proposed N12.66tn as aggregate expenditure for the 2021 fiscal year on a deficit of N5.16tn. It would be partly financed by a total loan package of N4.28tn while the rest would be from...

AfDB Supports Nigeria’s COVID-19 Response Program With $288m Loan   The Board of Directors of the African Development Bank (AfDB) has approved a $288.5 million loan for Nigeria to tackle the COVID-19 pandemic and mitigate its impact on people and businesses. The loan, according to the bank,...

CBN Suspends Intervention-loan Repayment For A Year     The Central Bank of Nigeria has said it is giving one-year moratorium on all principal repayments for COVID-19 intervention loans through its participating Other Financial Institutions with effect from March 1, 2020. The apex bank said this in a...

W/Bank, AFDB To Approve Nigeria’s Loan Request By June – DMO     The Federal Government has disclosed that the $1.5billion loan request from the World Bank and the additional $500 million loan request from the African Development Bank (AfDB) will be approved by the banks’ boards...

CBN Gives Medical Firms Conditions To Access N100bn Loans   To access the N100bn loans provided by the Central Bank of Nigeria for firms in the healthcare sector, a corporate entity must submit its application to a participating financial institution which could be either a Deposit...