Oyo govt approves car loan for teachers
Abdulwaheed said that the state government would, in due course, recruit more teachers into the basic education sub-sector.
Sokoto Govt targets N65.7bn loan for projects
The Sokoto State Government on Saturday said it would procure N65.7 billion loan from internal financial sources to execute development projects.
Kano Assembly approves Ganduje’s request for N15bn loan
By Abdulmumin Murtala Kano Kano State House of Assembly has approved the request by Governor Abdullahi Ganduje for the 44 Local Government Areas in the state to access N15 billion loan from one of the new generation banks to fund the state’s policy on free and compulsory education. The Assembly approved the request on Wednesday […]
Debt: Nigeria risks bankruptcy under Buhari ― Obasanjo
By Rasheed Sobowale Former Nigerian President, Olusegun Obasanjo who served as a civilian president between 1999 and 2007 has said the nation risks impeding bankruptcy under the present administration of Muhammadu Buhari. The second elected civilian president of Nigeria while speaking in Lagos at the first edition of the Nigerian Story organised by the ‘Why […]
CBN debits banks N650bn for loan to deposit ratio failure
Cost of funds spikes by 313% By Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday, deducted N650 billion from the account of some banks as Cash Reserve Ratio, CRR, the levy for failure to meet the 65 per cent Loan to Deposit Ratio, LDR. This resulted in a scarcity of funds which caused interbank […]
Shut down Buhari’s $29.9bn loan request, Attah urges NASS
Nigeria’s debt-GDP ratio, very low, Presidency allays fears By Omeiza Ajayi Elder statesman and former Governor of Akwa Ibom State, Obong Victor Attah, has advised the National Assembly (NASS) to shut down the $29.9 billion loan request from President Muhammadu Buhari if its repayment plan is solely based on revenue from crude oil sales. While […]
