Business
CBN provides loans to NYSC members for entrepreneurship
The Central Bank of Nigeria (CBN) has expanded its skill acquisition training for fresh graduates in Nigeria undergoing National Youth Service Corps (NYSC) to provision of loans for entrepreneurship scheme in small and medium scale investments.
The CBN Governor, Godwin Emefiele, hosting the NYSC Director-General, Brig. Gen. Shuaibu Ibrahim, in his office in Abuja disclosed that the apex bank will offer loans to NYSC members to start small and medium scale enterprises which are repayable in seven years.
Emefiele explained that the loan scheme is to help fight unemployment in Nigeria.
The CBN Governor had said that the loans will be disbursed on the completion of the NYSC members’ skill acquisition training, to provide capital assistance in acquiring necessary operational tools, rent of business offices or workshops.
-
Business5 days agoNigeria: Whither the fruits of 2026 crude oil windfall?
-
Latest6 days agoMakinde declares 2027 presidential bid under PDP–APM alliance
-
Comments and Issues6 days agoPolitical Parties Primaries: Consensus or Coronation?
-
Business4 days agoTrump-Xi summit sparks fresh questions for Nigeria’s economy, tech sector
-
Comments and Issues6 days agoDoes it matter to Africa if Nigel Farage comes to Number 10?
-
Business3 days agoNigeria’s foreign debt climbs 22% to $51.86bn under Tinubu administration
-
Comments and Issues6 days agoIs France Real or Playing Ping Pong With Africa?
-
Comments and Issues5 days agoThe “Onuku” Called Kenneth Okonkwo