Nigeria’s public debt rises to N149trn
The nation’s public debt represents the indebtedness of the federal and state governments, as well as the Federal Capital Territory.
CBN issues guidelines on private sector agric loan
…As banks guarantee 26,830 agric loans worth N3.6bn By Elizabeth Adegbesan Banks have guaranteed 26,830 loans worth N3.6 billion to farmers under the Agricultural Credit Guarantee Scheme Fund (ACGSF) in ten months (January to October) 2020. Meanwhile, the Central Bank of Nigeria (CBN) has just rolled out guidelines for private sector in agriculture to access […]
Sycamore launches USSD loan infrastructure for federal workers
To eradicate the bureaucracy and difficulty faced by federal workers in obtaining loans, Sycamore.ng, has launched a loan initiative for all public sector employees in Nigeria.
Nigerians kick as FG makes move to apply for $11bn loan to construct Lagos-Calabar rail line
By David Royal Nigerians have condemned the move as announced by Minister of Transportation, Chibuike Amaechi, Tuesday, that the Federal Government was set to apply for a $11billion loan to construct Lagos to Calabar rail. Amaechi made the disclosure during an interactive session with the South-East and South-South Professionals of Nigeria, SESSPN, in Lagos. Condemning […]
FG’s $400M telecom project: In whose interest?
By Bashir Aliyu In a nation where government’s missteps and anti people’s policies and measures appear to be the norm, the recent dust raised over the federal government’s decision to secure a $400 million loan for Information and Technology Backbone Infrastructure from Bank of China under some conditions with grave implications for the nation’s sovereignty […]
Post-COVID-19 food crisis: CBN’s soft loans to farmers allaying Obasanjo’s fear
By Akanfe Tiri The call by former President, Chief Olusegun Obasanjo, to African governments to embark on massive food production to avoid food crisis after COVID-19 is something that should not be taken lightly. Obasanjo said most African governments have to find how to be self-sufficient in essential food items for the food crisis likely […]
