TheNewsGuru

Tag: COVID-19 Loans

  • CBN begins monthly deduction of project loans from state to recover debt

    CBN begins monthly deduction of project loans from state to recover debt

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    The Central Bank of Nigeria (CBN) has begun collection of project support loan facilities to some states for the execution of projects under its intervention programmes. The credit facilities were given to some states to finance various projects across different sectors, including agriculture and manufacturing. CBN’s Director of Development Finance, Dr Philip Yila Yusuf made…

  • CBN guides Nigerians on how to access COVID-19 loans

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    Olaotan Falade
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    The Central Bank of Nigeria (CBN) has refuted claims in the social media circles that loan seekers and owners of small-scale businesses who apply for COVID-19 loans are required to pay a certain amount as application processing fee. In a statement, its CBN Director, Corporate Communications, Isaac Okorafor, said: “For the avoidance of doubt, there…