The Federal Government has released N75 billion in single-digit interest loans aimed at supporting Micro, Small, and Medium Enterprises (MSMEs) across the country through the Bank of Industry (BOI) as part of a broader initiative to aid small businesses in the wake of recent subsidy cuts.
The Central Bank of Nigeria has sold a total sum of $543.5million at the rate of N1540 and N1580 to 26 authorised dealer banks within 11 trading days between September 6 and September 30, 2024.
Microsoft, one of the biggest American multinational technology companies is considering the closure of its African Development Centre in Lagos.
Naira at the parallel market strengthened by N70 to reach N1,380 per dollar on Friday, but declined to N1,339/$ on the official market, compared to Thursday’s close of N1,450/$1.