Empowering women through improved access to finance and social support are crucial in achieving the desired growth for the economy. This is the belief of First Bank of Nigeria Limited, even as it maintained that investing in women’s economic empowerment sets a direct path towards gender equality, poverty eradication and inclusive economic growth. It acknowledges the enormous contributions made by women, whether as business women, farmers, entrepreneurs or employees, or by doing unpaid care work at home.
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First Bank of Nigeria Limited, as part of the launch of its specialised SMEs’ propositions, has continually supported SMEs through diverse initiatives.
Then last July, the Central Bank of Nigeria, in partnership with Heritage Bank Limited, started the pilot phase of the N3 billion Youth Entrepreneurship Development Programme. Of the over 20 banks in the country, the apex bank appointed Heritage Bank for the pilot phase of this project, which involves disbursement of loans to 1,500 youths
The DMO, last month, sold N100 billion FGN bonds through three bond offerings: re-openings of 15.54 per cent FGN February 2020, three-year, 11 month-bond; 12.50 per cent FGN January 2026 nine-year, 10 months bond and a new 20-year bond, 12.4 per cent FGN March 2036. The stop rates were 11.334 per cent; 12.090 per cent and 12.4 per cent