FG launches N13bn mortgage refinancing scheme for civil servants
The Federal Government has launched a N13 billion mortgage refinancing scheme for federal civil servants to be managed by the Nigeria Mortgage Refinance Company Plc (NMRC).
In the first phase, a total of 5,635 civil servants would benefit from the scheme which the government said would address the housing challenges facing the country, improve the living conditions and welfare of its work-force and people and generate gainful employment for the youth.
Nigeria to Sell $63 Million of ‘Green Bonds’ in First Quarter
Nigeria plans to raise N20 billion ($63 million) by March to help fund renewable energy projects, the first issuance of so-called green bonds in West Africa’s biggest economy.
“We are on track to sell the bond in the first quarter, a sovereign, and could have another by the end of the year,” Environment Minister Amina Mohammed said in an interview Friday in the capital, Abuja. The sale will also help fund an electric-vehicle commuter project in the city and tree-planting in the country’s arid north, she said.
Heritage Bank Collaborates EDC on Entrepreneurship Development
Heritage Bank Plc, Nigeria’s most innovative banking service provider, has partnered Entrepreneurship Development Centre (EDC) of the Pan African University (PAU) as part of its strategic plan to identifying and supporting Micro, Small and Medium Scale Enterprises (MSME) in the country.
The Bank supports EDC to also celebrate “Global Entrepreneurship Week (GEW)”, a celebration of the innovators and job creators, who launch startups that bring ideas to life, drive economic growth and expand human welfare. During one week each November, GEW inspires people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators.