NERFUND Archives - National Wire

BoI Gets Approval To Recover NERFUND’s N17.5 bn Bad Loans

January 25, 2018 0

The Federal Government has given approval to the Bank of Industry to recover the N17.5 billion outstanding loans being owed by customers of the Nigeria Economic Reconstruction Fund. NERFUND is currently having liquidity challenges owing to its huge non-performing loans portfolio. The instrument of approval was given through a Memorandum of Understanding signed on Wednesday in Abuja between the Ministry …

BoI Gets FG’s Approval To Recover NERFUND’s N17.5bn Bad Loan

January 24, 2018 0

The Federal Government has given approval to the Bank of Industry to recover the N17.5bn outstanding loans being owed by customers of the Nigeria Economic Reconstruction Fund. NERFUND is currently having liquidity challenges owing to its huge non-performing loans portfolio. The instrument of approval was given through a Memorandum of Understanding signed on Wednesday in Abuja between the Ministry of …

Reps oppose plans to scrap NERFUND

June 21, 2017 0

A House of Representatives ad-hoc panel has said that it would not accept a recent Executive order for the scrapping of the National Economic Reconstruction Fund (NERFUND). The ad-hoc committee investigating activities of Development Financial Institutions (DFIs) chaired by Rep Emeka Anohu (PDP, Anambra) said the recent directive that NERFUND’s operations be wound down and merged with the Bank of …