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The Central Bank of Nigerian (CBN) has waived the guarantor requirement for the ₦50 billion COVID-19 loan applications. This was revealed in a press statement that was posted on Twitter recently. From the statement, households and SMEs applying for the ₦50 billion COVID-19 targeted credit facility would not be required to provide guarantors before they can access the credit.
Following DATAPHYTE’s report on the disparate salary structure of staff of the Department of Petroleum Resources (DPR), Nigerians have thrown in series of reactions. These reactions were received on the Facebook page of the International Centre for Investigative Reporting and the comment section of the story on Premium Times. Many of them point to the spate of accountability, the gross injustice in the country’s wage structure, and the urgent need for harmonization of Nigeria’s wage structure
The Central Bank of Nigeria (CBN) recently announced the review of its Monetary Policy Rate (MPR) from 13.5 percent to 12.5 percent. The CBN Governor disclosed this at the end of the Monetary Policy Committee (MPC) meeting in Abuja. The review was orchestrated by the impact of the COVID-19 pandemic on the economy, the increased inflationary pressure, and the restrictions in international trade.
