The Central Bank of Nigeria (CBN) on Monday said it does not charge any fee for processing COVID-19 loan applications. This follows the launch of a N50 billion Targeted Credit…
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Category: Business
Ex-Finance Minister, Okonjo-Iweala gets IMF appointment
The International Monetary Fund (IMF) has named Nigeria’s former minister of finance, Dr. Ngozi Okonjo-Iweala, as a member of its External Advisory Group. IMF’s Managing Director, Kristalina Georgieva, announced Okonjo-Iweala’s…
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FG slashes 2020 budget by 20%
By our reporter| The Federal Government on Wednesday sent a revised budget to the National Assembly, reducing some costs in view of the rampaging effects of Covid-19 pandemic. There is…
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No correlation between 5G, coronavirus – NCC
The Nigerian Communications Commission says there is no relationship between the Fifth Generation Technology and the coronavirus pandemic. The commission’s Director of Public Affairs, Dr Henry Nkemadu, made this clarification…
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Buhari approves withdrawal of $150m from Sovereign Wealth Fund to cushion the impact Covid-19
By our reporter| President Muhamadu Buhari has approved the withdrawal of $150m from the Sovereign Wealth Fund to be distributed to the three tiers of government. The Minister of Finance,…
Read More Buhari approves withdrawal of $150m from Sovereign Wealth Fund to cushion the impact Covid-19