Why We Continue To Borrow - Fed Govt             The Federal Government on Thursday descended on critics of its frequent request for fresh loans describing them as insincere. The Minister of Information and Culture, Lai Mohammed, spoke for the government during a town hall meeting in Maiduguri,...

NIRSAL Facilitates N128bn Loans For Agribusinesses         The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending says it has about three million farmers on its database and has facilitated over N128bn for agriculture and agribusiness across the country since its inception. The Managing Director/CEO of the agency,...

FG To Finance N5.62trn Deficit With Privatisation Fund, Loans     The Federal Executive Council (FEC) has approved the 2022 – 2024 Medium Term Expenditure Framework and the Fiscal Strategy Paper (MTEF & FSP), which allows the funding of a N5.62 trillion budget deficit through borrowings and...

BoI Disburses N969.6bn Loans In Five Years     The Bank of Industry (BoI) has disbursed loans worth N969.7 billion to borrowers in five years to support various businesses. BoI Deputy Head, Business Development, Mrs Aderonke Akinluyi, disclosed this at a webinar by the Lagos Chamber of Commerce...

DisCos Get CBN Loans To End Liquidity Crisis       The Central Bank of Nigeria is now providing loans to electricity distribution companies to cover the collection and operational expenditure shortfalls of the firms and halt the liquidity crisis in the country’s power sector. The Discos are mainly...

Nigeria’s Debt Stock To Hit N34trn With New Loans       The total debt stock for Nigeria could rise from N33 trillion to N34tr soon as the National Assembly approves another N1.1tr external loan request for the federal government. The House of Representatives yesterday approved the external loan...