Category: Economy

olusegun aganga 0

FG slashes Collateral Interest Rate on MSMEs fund

by Ranti Joseph The Federal Government has reduced the collateral requirement for the N220billion Micro Small and Medium Enterprises (MSMEs) fund from 75% to 50% and also dropped the interest percentage to banks from...

godwin-emefiele-new-cbn-gov 0

Panic as CBN shuts down interbank market

by Godwin Akanfe The Central Bank of Nigeria has issued a circular which has effectively closed the interbank market. As at the morning of Friday, February 13, only one-way, zero margin deals will be...