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The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB approves $210 million for Nigeria transmission expansion project

The Board of Directors of the African Development Bank (AfDB) Group has approved 210 million dollars financing package for the Nigeria Transmission Expansion Project (NTEP1).
Central Bank of Nigeria - CBN

NECA applauds central bank over 60 per cent loan deposit ratio

Nigeria Employers’ Consultative Association (NECA) has applauded the Central Bank of Nigeria (CBN) over it directive to the commercial banks to maintain a minimum Loan Deposit Ratio (LDR) of 60 per cent. The body said this will aid the growth of the real sector of the economy.
Access Bank Executive Director Victor Etuokwu says various monetary policies by the Central Bank of Nigeria (CBN) has created a virile banking sector, capable of safeguarding depositors’ funds.

Central bank’s monetary policy creates virile banking sector – Access Bank director

Access Bank Executive Director Victor Etuokwu says various monetary policies by the Central Bank of Nigeria (CBN) has created a virile banking sector, capable of safeguarding depositors’ funds.

NECA raises concerns over central bank’s directive to banks on lending

The Nigeria Employers’ Consultative Association (NECA), has raised concerns over the Central Bank of Nigeria’s (CBN) directive to banks on lending, saying it could pose a risk to financial stability.

Central bank stabilises naira with $25.68 billion in eight months

The Central Bank of Nigeria injected about $25.68bn to stabilise the nation’s currency in the foreign exchange market between January and August this year.
President of the Senate, Ahmad Lawan, has said amendment to the Public Procurement Act 2007 by the National Assembly will guarantee successful implementation of the 2020 budget. 2

Senator Lawan: How NASS will ensure implementation of 2020 budget

President of the Senate, Ahmad Lawan, has said amendment to the Public Procurement Act 2007 by the National Assembly will guarantee successful implementation of the 2020 budget.
President of the Senate, Ahmad Lawan, has said amendment to the Public Procurement Act 2007 by the National Assembly will guarantee successful implementation of the 2020 budget. 2

Senator Lawan: How National Assembly will ensure successful implementation of 2020 budget

President of the Senate, Ahmad Lawan, has said amendment to the Public Procurement Act 2007 by the National Assembly will guarantee successful implementation of the 2020 budget.

Nigerian banks attract $4.74 billion foreign investments in six months

Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.
Governor Babajide Sanwo-Olu disclosed this on Monday while on a visit to the venue of the ongoing International Trade Fair organised by the Lagos State Chamber of Commerce and Industry (LCCI).

Lagos governor mulls incentives for local manufacturers, SMEs

Lagos State Government will be pursing a private sector finance to incentivise local manufacturers and Small and Medium Enterprises (SMEs) operating within the State.
President Muhammadu Buhari Wednesday in Abuja administered oaths of office on members of the newly constituted Presidential Economic Advisory Council (PEAC), and also set an agenda of what they should accomplish in the shortest possible time. 4

Federal government fails to meet economic recovery targets – report

Macro-economic targets set out by the Federal Government in the Economic Recovery and Growth Plan have been underachieved, a report released by the Centre for Democracy and Development has said.

Central bank injects $325.5 million into retail market

The Central Bank of Nigeria (CBN) has injected $325.5million in the Retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short-tenured forwards segment of the inter-bank foreign market.
Lidya

Nigeria’s Lidya plans $1.1 billion SMEs loans for Czech, Poland

Nigerian fintech lending platform, Lidya, is targeting Poland and the Czech Republic for expansion after providing thousands of loans in Nigeria, seeing an opportunity in the funding gaps facing small enterprises in fast-growing European economies.

Industrialist traces youth unemployment to poor energy situation

An industrialist, Alhaji Ganiu Adelani, Chairman/CEO, Adeirorun Enterprises Nigeria Limited, has traced the high level of youth unemployment to the poor state of energy supply, which he said has been stalling industrial growth and other small and medium enterprises (SMEs) that would have provided massive employment in the country.g

Central bank sends strong message to banks on giving loans

The Central Bank of Nigeria has directed commercial banks to raise their Loan-to-Deposit Ratio from 60 to 65 per cent before December 31, 2019 deadline.

Anambra governor presents N137.1 billion budget proposal for 2020

Governor Willie Obiano of Anambra State on Thursday presented a budget proposal of N137.1 billion for 2020 to the State House of Assembly for approval.

Central bank empowers over a million farmers through anchor borrowers programme

The Central Bank of Nigeria (CBN) says 1,140,854 farmers have participated in the production of 17 different agricultural products under its Anchor Borrowers Programme (ABP)g
President Muhammadu Buhari with Governors Godwin Obaseki, Dapo Abiodun and Babajide Sanwo-Olu in New York

UNGA: Lagos governor pursues investment in electricity, health, others

Governor Babajide Sanwo-Olu has said that 9,000 megawatts is the amount of energy required to transform Lagos State economy.

Central bank Injects $210 million into forex market

The Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into interbank segment of the Foreign Exchange Market following sales concluded on Tuesday.

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All Progressives Congress (APC) Nigeria

APC vows to challenge appeal court ruling upholding Adamawa governor’s election

The All Progressives Congress (APC) in Adamawa State has vowed to approach the Supreme Court to challenge the victory of Governor Ahmadu Fintiri at the Supreme Court.
Nigeria Police

Robbers device new method of attacking bank customers

The Ebonyi Police Command on Thursday said it had uncovered a new strategy used by criminals to rob bank customers.

Real Madrid leading talks for radical new European Super League

Real Madrid president Florentino Pérez is leading the charge for Europe’s biggest clubs to break away from their domestic competitions and form a radical new Super League.
Russia and Turkey are working on a contract for the delivery of a new batch of Russian S-400 missile systems, the Interfax news agency cited a senior official at a Russian military cooperation agency as saying Friday.

Interfax: New Russia-Turkey S-400 missile deal in the works

Russia and Turkey are working on a contract for the delivery of a new batch of Russian S-400 missile systems, the Interfax news agency cited a senior official at a Russian military cooperation agency as saying Friday.
The Vice Chancellor of University of Benin (UNIBEN), Prof. (Mrs.) Lilian Salami, has approved the appointment of Dr. (Mrs.) Benedicta Adeola Ehanire, as the institution’s Public Relations Officer (PRO).

University of Benin appoints new public relations officer

The Vice Chancellor of University of Benin (UNIBEN), Prof. (Mrs.) Lilian Salami, has approved the appointment of Dr. (Mrs.) Benedicta Adeola Ehanire, as the institution’s Public Relations Officer (PRO).