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Tag: N60 Billion

Agribusiness: CBN To Increase Intervention Fund To N60bn

Agribusiness: CBN To Increase Intervention Fund To N60bn     The Central Bank of Nigeria, in collaboration with the Bankers’ Committee, on Thursday commenced the disbursement of N26bn Agribusiness/Small and Medium Enterprises Investment Fund to the first set of beneficiaries. The fund was set up by the Bankers’...

Telecoms- N60bn Interconnect Debt Threatens Industry

Telecoms- N60bn Interconnect Debt Threatens Industry The Nigerian telecommunications industry is currently plagued by massive interconnect debt. While the verified figure is put at N60bn, the unverified is said to be around N1.27tn. A massive interconnect debt valued at more than N60bn is threatening the nation’s...