CBN Stops Use of Foreign Currency As Collateral For Naira Loans
The Central Bank of Nigeria (CBN) has decided to stop people from using foreign currency as collateral for naira loans. CBN’s Acting Director of Banking Supervision Department, Adetona Adedeji gave…
Nigeria Repays $10.6bn Loans Taken By Obasanjo, Yar’adua, And Jonathan
Nigeria is still repaying $10.6 billion in loans obtained by former Presidents Olusegun Obasanjo, late Umaru Musa Yaradua, and Goodluck Jonathan, according to the World Bank Group Finances. The…
Economy Gets N1.1trn Boost As 75 Firms, MSMES Benefit From Loans
The Federal Government has announced a massive financial support package to reflate the economy, with 75 major companies and Micro, Small and Medium Enterprises (MSMEs) set to benefit…