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Nigeria’s Access Bank Announces N50Bln Interest-free Loans For Businesses

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Following the impact of the Covid-19 pandemic, coupled with the hijacked #EndSARS protests that led to the looting and destruction of businesses that has thrown Nigerians and business owners into debts, Nigeria lender, Access Bank, has announced N50 billion in support of Nigerians through interest-free loans and grants.

The loans, the bank said in a statement on it’s official LinkedIn page, is targeted at supporting communities, the youths, and micro, small and medium-sized businesses.

According to the bank; “Now more than ever, we remain committed to our purpose of impacting lives positively. In light of the recent occurrences, we will be supporting Nigerian businesses with 50 Billion Naira interest-free loans and grants. Watch this space for more information.”

This show of support from Access Bank is expected to help alleviate and stimulate economic activities, as well as produce many positive multiplier effects on the economy.

As a way of supporting SMEs and the working class of the country following the recent damage of properties and livelihoods experienced across the nation, @myaccessbank has rolled out interest free loans of up to N50bn. The fund is expected to serve as a kickstart to these affected communities, people and businesses.

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Diego Maradona: The “Magic Footballer”

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As the world mourns the passing of Diego Maradona, Argentinan journalist, Joaquin Chomicki and Nigerian broadcaster, Temisan Okomi speak with NewsCentral TV’s Tolu Shotade on the “magic footballer” today on In The Game.

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Business Edge| Kenya Seeks $2.3 Billion Loan from IMF to Aid Economic Recovery

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On Business Edge today, News Central’s Joe Hanson and Global Tax Advisor, Mtwalo Msoni talked about Zimbabwe Beginning to Re-claim Underutilized Farms and how Kenya Seeks $2.3 Billion Loan from IMF to Aid Economic Recovery.

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COVID-19: South Africa Records 3,250 New Cases In 24 Hours

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South Africa’s Minister of Health, Dr Zweli Mkhize, has announced 3,250 new cases of the novel coronavirus (COVID-19), taking the country’s total confirmed infections to 775,502.

The new cases, he said, came from 29,437 tests.

The minister also confirmed that 118 COVID-19 related deaths – 51 in the Eastern Cape; 30 in the Western Cape; 24 in the Free State; seven in Gauteng; four in Limpopo and two in KwaZulu-Nata – were recorded in the last 24 hours as of Wednesday evening.

The development brings total coronavirus deaths in South Africa to 21,201.

Meanwhile, the authorities in Western Cape province have expressed deep concern about a sharp jump in Covid-19 cases.

The virus is showing signs of a resurgence in parts of South Africa – the most badly affected country on the continent.

After a long lull, infection rates are beginning to rise in some areas, particularly along the country’s southern coastline.

Doctors in Cape Town and in Port Elizabeth are reporting a spike in hospital admissions.

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