Nigeria Breaking News

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FG raises loan access for MSMEs to N5 million at 9% interest rate in 3 years

FG raises loan access for MSMEs to N5 million at 9% interest rate in 3 years

The Nigerian government has announced a significant boost to its loan offerings for small businesses, raising the maximum amount accessible under single-digit interest loans to N5 million. The initiative, aimed at fostering inclusive economic growth, was unveiled by the Bank of Industry (BoI) Managing Director, Dr. Olasupo Olusi, during a town hall sensitization event in …