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The African Democratic Congress (ADC) criticized the £746 million agreement signed by President Tinubu with the UK, labeling it a deal that favors the UK and burdens Nigeria with debt. The ADC calls for transparency from the Federal Government regarding the terms of the agreement.
The Central Bank of Nigeria has issued a directive forbidding banks from granting loans to borrowers with non-performing loans, effective immediately. This measure is aimed at mitigating systemic risks within the financial sector.
The Nigerian government has launched a low-interest loan program aimed at 6,122 Micro, Small, and Medium Enterprises (MSMEs) to enhance productivity, entrepreneurship among youth, and job creation.
