Category : Search result: Bank of Industry loan


CBN sells $36.60m to banks amid naira depreciation

Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.

AfDB approves $500m loan for Nigeria's budget

African Development Bank approves $500 million budget support for Nigeria to boost non-oil revenues and energy sector reforms. Learn how this impacts Nigeria's economic growth.

CBN Retains MPR at 27%, Delays Loan Rate Cuts

Nigeria's Central Bank maintains 27% interest rate to fight inflation. Businesses and borrowers face continued high loan costs as monetary tightening persists. Learn what this means for you.

Oborevwori hails Navy's role in national stability

Delta State Governor Sheriff Oborevwori commended the Nigerian Navy for safeguarding maritime assets and oil infrastructure. The state also plans a ₦1bn BOI loan to boost industrialization.

Delta State Seeks ₦1bn BOI Loan for Industrial Growth

Delta State Government plans to secure ₦1 billion loan from Bank of Industry to accelerate industrialisation and technology-driven manufacturing. Learn how this initiative will transform the state's economy.

Court Orders Police Out of Nestoil Premises

Federal High Court directs Lagos Police to withdraw officers from Nestoil facilities in ongoing debt dispute with FBNQuest Merchant Bank. Latest ruling shifts case dynamics.

Naira Recovers Against Dollar as FX Reserves Soar

Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.

GrabrFi Offers US Bank Accounts to Nigerian Freelancers

Nigerian freelancers and professionals can now open US bank accounts with GrabrFi to receive USD payments without fees, avoid currency devaluation, and access global financial tools for their borderless careers.

Court Vacates Nestoil Receivership Orders

Federal High Court nullifies previous receivership orders against Nestoil and Neconde. Justice Osiagor to hear case de novo starting November 20, 2025. Read the latest developments.

Court awards N20.7bn against petroleum marketer

A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.

Olamide: Wizkid Started Music Before Me

Nigerian rapper Olamide settles debate about his relationship with Wizkid, revealing the superstar began music years earlier. Discover the full story behind their industry hierarchy.

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