The Nigerian naira has experienced a significant depreciation of 26.36 percent against the US dollar at the official Investor and Exporter window of the foreign exchange market. This depreciation occurred after the Central Bank of Nigeria (CBN) announced that it had cleared $2 billion as part of its backlog obligations. The CBN made this announcement … Read more
The President of the National Association of Nigerian Students (NANS), Usman Barambu has appealed to the leadership of the House of Representatives to amend the Student Loan Act to allow all Nigerian Students easy access to the loan. INDEPENDENT reports.NYSC Portal Also, NANS asked the House to include student representation on the board and capture … Read more
The Central Bank of Nigeria (CBN) has revealed that the total repayments as of the end of February 2023 under its Anchor Borrowers’ Programme (ABP) now stands at N0.503 trillion, representing 52.39 per cent, adding that the balance of N0.119 trillion was not due for repayment.Information Guide Nigeria The Acting-Director, corporate communications department, Dr. AbdulMumin … Read more
The Central Bank of Nigeria (CBN) is committed to its developmental mandate of stimulating access to finance for the real sector.Information Guide Nigeria This was disclosed by the Acting Director, Corporate Communications Department, Dr. AbdulMumin Isa, in Abuja over the weekend while exchanging views with journalists on the performance of the ABP. CBN also disclosed … Read more