Thursday, April 16, 2020 Oil firms’ N4.58tn loan repayment under threat – Investigation The coronavirus-induced sharp fall in global oil prices poses a threat to the ability of oil and gas companies in the country to repay a total loan of N4.58tn, investigation has shown. The loans advanced to oil and gas…
DetailsWednesday, April 15, 2020 Nigeria’s economy will contract by 3.4%, says IMF Predicts worst recession since the Great Depression. The International Monetary Fund on Tuesday said the recession caused by the COVID-19 pandemic would be the worst economic downturn witnessed since the Great Depression. According to the IMF, Nigeria’s economy will contract by 3.4…
DetailsTuesday, April 14, 2020 How to access N50bn COVID-19 intervention fund – CBN The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention loans for small and medium scale enterprises. The CBN introduced the N50bn Targeted Credit Facility as a stimulus package to support households and…
DetailsThursday, April 9, 2020 Discos offer customers two-month free electricity Power distribution companies on Wednesday announced that they were in support of the proposal by the National Assembly and the Federal Executive arm of government that Nigerians should get two months of free electricity…..read more. FG slashes budget, sends to National Assembly…
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