Demand for unsecured loans surpasses secured credit amid rising defaults
THE Nigerian banking sector is experiencing a shift in borrowing patterns, as demand for collateral-free loans now exceeds secured credit, ...
Tag: credit
Tinubu deserves credit on LG autonomy but… Olulana, ex-Lagos LP gov candidate
A former governorship of the Labour Party in Lagos State, Dr Rotimi Olulana, has said he could award credit to ...
Nigerian banks profitability helps absorb higher credit losses —S & P Ratings
The robust profitability of Nigerian banks is expected to continue in 2024, enabling them to absorb higher credit losses and ...
Nigeria’s Private-Sector Credit can be boosted to over 13% —FCMB MD
The Managing Director of First City Monument Bank (FCMB), Yemisi Edun has affirmed that the ongoing recapitalisation of Nigeria’s banks ...
Despite N2.7trn debts, Lagos State provides N79bn credit guarantee to Voda Infrastructure
THE Lagos State government under Governor Babajide Sanwo-Olu has provided a N79 billion credit guarantee to a little known Voda ...
N200bn consumer credit will make life easier for Nigerians —Tinubu
President Bola Tinubu said the N200 billion Consumer Credit Corporation established by his administration would make life easier for millions ...
Stakeholders emphasise NIN for boosting consumer credit in Nigeria
A lack of unique individual identification has hurt the growth of Nigeria’s domestic credit market. Lending institutions have shifted from ...
Credit for increasing tax revenue should go to President Tinubu —FIRS chairman
Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, in this interview, reviews the praises being lavished on the ...
High-interest rate may prevent Nigerian banks from giving credit —KPMG
KPMG Nigeria says the monetary tightening efforts by the Central Bank of Nigeria (CBN) might prevent banks from giving credit ...
Tinubu’s economic recovery with consumer credit
AS the new year 2024 begins with a positive outlook, Nigerians can look forward to a great and economically rewarding ...
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