FG Shops For N5.9trn To Deliver Multiple Rail Projects As China Ditters With a protracted delay from China in opening up funds for Nigeria, the federal government is turning to the British market where it expects to raise $14.4 billion (about N5.993 trillion) at least...

'Nigeria Now Depends On IMF, W/Bank Loans To Pay Workers’ Salaries' ​A Professor of Virology and member of the World Health Organisation’s Technical Advisory Group on COVID-19 Vaccine Composition, Oyewale Tomori, has lamented the refusal of successive administrations in Nigeria to invest in science and...

Bank Of Agric Distressed Over Bad Loans, Others – Auditor Ceneral   The Office of the Auditor-General of the Federation has said the Bank of Agriculture may have become distressed as a result of its inability to meet its obligations and provide meaningful service to the...

Agric, Power, Manufacturing Top N23.5trn Loans To Businesses - CBN   The total gross credit to businesses rose from N19.4 trillion to N23.5 trillion in the last one year, representing over 21.1 per cent increase, the Central Bank of Nigeria (CBN), has said. In a state of...

CBN Awards N5m Loans To Graduates Under New Scheme   The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Thursday, launched the Tertiary Institutions Entrepreneurship Scheme designed to tackle underemployment and unemployment in the country. Emefiele, at the launch in Abuja, also presented loans...

Reps Okay FG $16.23bn, €1.020bn, Other Loans     The House of Representatives has approved the proposed federal government’s $16.23 billion, €1.020 billion and other loans for project financing under the external borrowing rolling plan. The loan was approved after receiving the report of the House Committee on...