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Banking&Finance

CBN Unveils Solar Panel Intervention Fund

CBN Unveils Solar Panel Intervention Fund

Central Bank of Nigeria has introduced a solar intervention fund that will offer obligors access to a credit facility that will not exceed a maximum of N500million maximum, with the aim of providing affordable electricity to rural dwellers. The CBN disclosed this in a document on Monday entitled ‘Framework for[Read More…]

by — September 15, 2020 — 0 comments — Banking&Finance
Naira Falls After Order To Ban Foreign Exchange For  Imports

Naira Falls After Order To Ban Foreign Exchange For  Imports

The Nigerian naira fell by 1.09% to 460 naira on the black market on Monday after the president last week told the central bank to stop dollar sales for food and fertiliser imports. President Muhammadu Buhari on Thursday directed the central bank to stop selling foreign exchange for those imports,[Read More…]

by — September 15, 2020 — 0 comments — Banking&Finance
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