credit

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,…

3 months ago

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…

4 months ago

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…

6 months ago

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…

7 months ago

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…

9 months ago

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…

9 months ago

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…

10 months ago

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…

11 months ago

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…

1 year ago

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…

1 year ago

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