Tag
SBF
At least 31 state governments in Nigeria have collectively borrowed N457.17 billion to pay salaries to their respective state civil services. This significant financial move was facilitated through the Salary Bailout Facility (SBF), a strategic intervention by the Central Bank of Nigeria (CBN) aimed at alleviating the fiscal pressures faced by these states.
Makers of Ribena and Lucozade, Suntory Beverage & Food Limited has agreed to sell its Nigerian subsidiary to Africa FMCG for $14 million.