Nigerian consumer fintech company, Carbon, has introduced a service that allows users to pay for electronics in instalments at zero interest rates. Aptly named Carbon Zero, the new product comes with a few conditions.
Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its monthly bond issuance programme in 2020.
The World Bank, yesterday, enhanced Nigeria’s foreign exchange liquidity position with the approval of the Covid-19 Budget Support credit promised during the Spring Meetings in America earlier in the year.
Shehu Sani, the former Senator who represented Kaduna Central in the National Assembly has condemned the recent breakdown of the Kaduna-Abuja railway.
An agritech focussed company, Farmcrowdy Limited (FC), says it is committed to impact 25,000 farmers across Nigeria through its Structured Financing of N5.7 billion.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will hit N38tn by December 2021.
The Peoples Democratic Party (PDP) has expressed concern over fresh plans by the Federal Government to secure an additional US$1.2 billion loan from the Brazilian Government.
This year has been full of crises, from the covid 19 pandemic to #Endsars protest to hoodlums hijacking stores, robbery & cultist rivalry, not to forget angry move hijacking warehouses & taking palliatives that should have been distributed to the public when the heat of convid19 was still very high and there was total lockdown.