Fed Govt Raises Agric Credit Scheme Fund To N50bn     The Federal Government has raised the share capital of the Agricultural Credit Guarantee Scheme to N50bn from N3bn. The Central Bank of Nigeria disclosed this in a document on Monday entitled ‘Agricultural Credit Guarantee Scheme Fund (Amendment)...

Stock Investors Gain N50bn As Market Capitalisation Rises       The Nigerian equity market on Monday sustained its positive outlook as the Nigerian Stock Exchange AlI-Share Index and market capitalisation rose further by 0.25 per cent. However, the market breadth closed negative with 15 gainers against 20 decliners. The...

CBN Okays N50bn Revival Fund For Textile Industry     The Central Bank of Nigeria (CBN) has announced N50 billion special mechanism funds to revive the ailing textiles industry. The funds to be administered by the Bank of industry (BoI) at 4.5 per cent interest rate will use...

NEXIM Bank Refutes N50bn Fraud Allegation Against MD   The Nigerian Export-Import Bank (NEXIM), has refuted the fraud allegations made against its Managing Director and Chief Executive, Abba Bello, by a group known as Citizens Committee for Corruption Free Nigeria (CCCN). According to the Bank, a social...

N50bn Floating Dock To Begin Operations In July     Barring unforeseen circumstances, the N50 billion floating dry dock owned by the Nigerian Maritime Administration and Safety Agency (NIMASA), will begin operations by next month. NIMASA had on June 11, 2018, taken delivery of the floating dock, which...

Investors Lose N50bn As Stocks Suffer Decline   Investors lost N50bn on Thursday as the nation’s stock market closed in the red. The Nigerian Stock Exchange All-Share Index and the market capitalisation of equities dropped by 0.38 per cent to pare the gains recorded in recent trading...