Economy

The Central Bank of Nigeria (CBN) has announced N200 billion mortgage finance loan to Family Homes Fund (FHF). The fund is for the building of 300,000 homes in the 36 states of the federation and the Federal Capital Territory. It is also expected to help create up to 1.5 million jobs in five years.

The stage may be set for a showdown with the Federal Government over the electricity and fuel price hike, as the Trade Union Congress (TUC) has handed down a seven-day ultimatum to reverse the decision.

The Nigeria Export Promotion Council (NEPC) has pledged its support for the enhancement of Ekiti State’s non-oil agricultural crop with export potential.

President Muhammadu Buhari’s quest to boost agriculture in the country took another turn on Thursday with the Nigerian leader directing the Central Bank of Nigeria (CBN) not to give foreign exchange for food and fertilizer imports.

The Nigerian National Petroleum Corporation (NNPC) has revealed why it shut down four oil refineries across the country.


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