Service Banks To Pay N5bn As Capital Base - CBN   The Central Bank of Nigeria has stipulated N5bn minimum capital base requirement for the Payment Service Banks in the country. In a circular to all stakeholders on the guidelines for licensing and regulation of the PSBs,...

CBN Increases MFBs’ Capital Base To N5bn   The Central Bank of Nigeria (CBN) has raised the minimum capital base of microfinance banks (MFBs) in the country, giving them up to April 2020 to recapitalise. The CBN in a circular issued and signed by the Director, Financial...

Loans: Development Bank Provides N5bn To 20,000 SMEs The Development Bank of Nigeria (DBN) is gearing up to provide N5 billion to 20,000 Small and Medium Enterprises (SMEs) in its first full year of operation on a sustainable basis, its Managing Director, Tony Okpanachi, has...

Non-oil Export Projects: NEXIM Bank Earmarks N5bn In Niger-Delta     The Minister of Finance, Mrs. Kemi Adeosun has inaugurated the Board of Directors of the Nigerian Export-Import Bank (NEXIM). In line with the Nigerian Export-Import Bank Act 38 of 1991, the new board has Deputy Governor, Economic...

2018: Civil Defence Budgets N5bn For Nuclear Weapon Equipment, Others The Nigeria Security and Civil Defence Corps (NSCDC) has proposed to spend N5 billion on the procurement of anti-terrorism, chemical, bio-radiation and nuclear weapon equipment and other new projects. Breakdown of the budget by Daily Trust...

NEXIM Bank Set To Revive Multi-Trex With N5bn   NEXIM Bank is expected to revive Multi-Trex Integrated Foods Plc with the sum of N5bn to get the company up and running, and contribute significantly to economic growth. This was made known on Friday during a facility tour...