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Thursday, July 2, 2020

COVID-19: CBN approves N10bn for healthcare loans

The Central Bank of Nigeria (CBN) has approved N10 billion aggregate loan request by pharmaceuticals and other health care organizations from its earlier announced N100 billion facility to enable the entities produce items to fight the COVID-19 pandemic in the country The apex bank...

Nigeria Promises to Support Sports Betting Investors

The Federal Government of Nigeria has assured the sports betting operators that the government was committed to ensuring that they do not suffer any undue setbacks during this coronavirus crisis. The government also said it will not hesitate to give necessary approvals for any...

Nigeria generates N338.94bn VAT in Q1– NBS

The National Bureau of Statistics (NBS) says N338.94billion was generated as Value Added Tax (VAT) in the first quarter (Q1) of 2020. The NBS made this known in its latest Sectoral distribution of VAT data for Q1, 2020 released on Monday. It stated that the...

Nigeria receives $1bn assistance from US govt to Tackle Humanitarian Crisis in N’East

· Appropriates $431m for 2020 fiscal year · Laments limited access to humanitarian publics Gboyega Akinsanmi Amid intractable humanitarian crises the activities of Boko Haram and Islamic State in West Africa Province (ISWA) have generated in the Northeast, the United States has provided over $1 billion humanitarian...

Nigeria may put up more public assets for sale

Reports have emerged that more public assets may be put up for sale by the Federal Government as the Bureau of Public Enterprises reviews the 2020 Privatisation Work Plan. Checks by our correspondent revealed that work on the review of the privatisation work plan is...

CBN developing financial framework” to develop Nigerian Made COVID-19 vaccine – Emefiele

Governor of the Central Bank of Nigeria, Godwin Emefiele, says the country’s apex bank “is developing a framework” through which it can provide financial support to achieve a Nigerian COVID-19 vaccine. Mr Emefiele said this at the unveiling of the THISDAY Dome testing, tracing, and...

Big tech innovations, key to Nigeria beating Covid-19 pandemic shocks

As Nigeria scales back its coronavirus restrictions, the country is looking to digital innovation to ease the impact of an economic slowdown and maintain food security. Nigeria is one of several African countries – others include Rwanda and South Africa – to follow Ghana’s lead...

Your investment in Nigeria is safe, Emiefele assures foreign investors

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has assured foreign investors in the country of the safety of their funds despite the scarcity of foreign exchange in the country due to the significant fall in the price of crude oil as...

CBN releases criterial to health care investors to access N100 bn loan

To access the N100bn loans provided by the Central Bank of Nigeria for firms in the healthcare sector, a corporate entity must submit its application to a participating financial institution which could be either a Deposit Money Bank or a Development Finance Institution of...

FG targets N103bn from gas flaring penalty

The Federal Government has said gas flare penalty payment by oil and gas companies in the country will increase to N103.51bn this year. The Director General, Budget Office of the Federation, Ben Akabueze, disclosed this in a presentation where he highlighted the revenue measures taken...
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