Business

CBN Cautions Against Loan Sharks, Asks Nigerians To Approach Legal Outfits

todayFebruary 2, 2022 6

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The Central Bank of Nigeria (CBN) has cautioned Nigerians against seeking credit facilities from loan sharks for financial purposes.

CBN Governor, Godwin Emefiele, gave the warning while addressing reporters at the end of the Monetary Policy Committee meeting held on Tuesday in Abuja.

According to Emefiele, there is no need for people to go for loan sharks because the CBN has put in place the avenue through which they can raise funds.

He listed them to include the microfinance banks and target credit facilities established by the government to cater to the needs of the operators of Small and Medium Scale Enterprises (SMSEs).

Written by: Ayomide Ayodele

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AFCON 2021: CAF Fines Egypt $100,000 Ahead Semi-final Clash With Cameroon

The Egyptian Football Federation has been fined $100,000 by CAF’s Disciplinary Board, for failing to honour a pre-match press conference ahead of their AFCON 2021 quarter-final clash with Morocco at the weekend. This was announced in a statement released on CAF’s website. It comes ahead of the Pharaohs’ semi-final tie with hosts Cameroon on Thursday. The statement read in part:” The CAF Disciplinary Board has imposed a fine of 100 […]

todayFebruary 2, 2022 4

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