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Federal Government Suspends Ruga Project

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Buhari on arrival from London
  • Federal Government Suspends Ruga Project

The Federal Government on Wednesday announced the suspension of the controversial Ruga settlement project.

Bashir Ahmad, the new President Muhammadu Buhari Media aide, confirmed the suspension of the project on his Twitter handle.

He tweeted, “The Federal Government after consultations with stakeholders has suspended the RUGA Settlement Project, for now, Kebbi State Governor disclosed that after a meeting with Vice President, Prof. Yemi Osinbajo.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Covid19.nmfb.com.ng: How to Check Nirsal COVID-19 Loan Status

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bank loans

How to check if your Nirsal application for a low-interest COVID-19 loan for small businesses and individuals has been approved by Nirsal Microfinance Bank (NMFB).

To check your Nirsal covid-19 loan status or approval, click here or copy https://covid19.nmfb.com.ng/ to your browser.

Then select the category you applied for as shown below.

The two categories are Small and Medium Enterprise (SME) and Household.

Once you clicked on the category you applied under, you will be redirected to a page below where you will be asked to enter your Bank Verification Number (BVN).

The BVN is to know if the loan is approved or not.

Once your loan is approved you will be redirected to a page to accept and also sign an agreement term. After which you would be asked to provide your bank account details for payment. The payment is usually disbursed between two to three working days. However, there were reports that certain individuals are yet to receive payment despite been approved for months.

If after entering your BVN, it says invalid it means you will have to check back as your application may still be under processing. It means you are not approved at the moment.

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Europa League: Arsenal in Tough Spot After Home Draw

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UEFA Europa League quarter-finals return leg will be played on Thursday evening at 8pm live on StarTimes.

Aubameyang’s Arsenal is in a tough spot after their disappointing draw against Slavia Prague at home last week. Manchester United will be much more confident thanks to Marcus Rashford and Bruno Fernandes’ goals that gave the Reds a 2-0 victory.

Of the four home sides in last week’s first leg quarter-final matches of the Europa League, Arsenal achieved the best result.

The Gunners were the only club to avoid defeat in their own stadium, though the Premier League club were held to a disappointing 1-1 draw by Slavia Prague.

In the first leg, Ivorian winger Nicolas Pépé gave Arsenal a late lead – five minutes from the end.

But just when Mikel Arteta’s side seemed to be able to take a one-goal advantage into Thursday’s away leg, Czech international defender Tomáš Holeš found an equalizer five minutes into injury time.

Slavia though will be wary of Arsenal’s away form in the competition, as the London side has yet to lose an away game in the Europa League this season.

They have won four of the six matches they have played away from home and drawn the other two.

The two other quarter-finals see La Liga club Villarreal take on Dinamo Zagreb in Spain with a 1-0 lead from the away leg, while Roma defend a 2-1 lead at home against Ajax Amsterdam.

Since being re-launched as the Europa League in 2009, the competition has grown in stature and regularly grabs its share of footballing headlines. With clubs like Arsenal and United involved, the world will be watching this week’s return legs in the quarter-finals.

African football fans will have a chance to watch the games live and exclusively on the StarTimes channels as Africa’s leading digital-TV operator broadcasts all the action from the exciting Europa League.

And two months from now, StarTimes is going to broadcast all matches of the long-awaited UEFA Euro 2020 live and in HD.

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COVID-19: Nirsal Microfinance Bank (NMFB) Loan – Covid19.nmfb.com.ng

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In a bid to ease the negative impact of COVID-19 on businesses and individuals across Nigeria, the Central Bank of Nigeria through Nirsal Microfinance Bank (NMFB) has reopened Targeted Credit Facility for COVID-19 loan to help struggling families, individuals and small businesses rebounded from the negative impact of COVID-19.

The facility provides individuals and businesses access to up to N25 million, according to a statement released by the Central Bank of Nigeria.

The statement reads “The Coronavirus Disease (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.”

“These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from drop in global demand, declined consumer confidence and slowdown in production.

“In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.”

To apply for a COVID-19 NMFB loan click here to provide your details.

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