loans Archives

Net foreign exchange inflow into Nigeria surges Keystone bank's operations, CBN announces new date, Investors favour 364-day bonds Demand for unsecured loans surpasses secured credit CBN predicts 4.17% GDP CBN introduces new account options CBN staff lobby for exit Banks borrow N27.95trn from CBN in Q3 2024 EFEMS Eurobond issuance bolster FX reserves Banks’ borrowed N776.1bn CBN International Training Institute CBN mops up N1.335trn External reserves hit 22-month high $2.97 billion released to Oil Sector JUST IN: CBN defies National Assembly, maintains 5% Ways And Means advance limit,52% of Nigerian adults have bank accounts in 2023 — CBN

THE Nigerian banking sector is experiencing a shift in borrowing patterns, as demand for collateral-free loans now exceeds secured credit, ...

2025: FG to launch new plan to make loans easier for Nigerians

by Abisola Adigun

January 1, 2025

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The federal government has announced plans to simplify access to loans for Nigerians in 2025 through the establishment of the ...

FCMB partners CIG Motors on accessible auto loans of up to N70m

by Kehinde Akinseinde-Jayeoba

December 9, 2024

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CIG Motors has partnered First City Monument Bank (FCMB) to make vehicle ownership more accessible for individuals and corporate entities ...

External debt burden set to worsen amid further Project abandonment Naira depreciation paint bleak future Naira remains subdued despite CBN’s injection of $122.67m $35.18bn in reserves, BDC operators ABCON

$17.1bn IDA loans: Project abandonment, Naira depreciation paint bleak future for Dollar loans

by Chima Nwokoji

November 25, 2024

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Nigeria’s heavy indebtedness to International Development Association (IDA), now totaling $17.1 billion, has sparked concerns about the nation’s ability to ...

Catholic firm disbursed $3m loan to Nigerians in five years — MD

by Collins Nnabuife

November 17, 2024

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Missio Invest, a Catholic firm, has reported disbursing $3 million to Nigerians since 2019 to support the startup of various ...

Psaltry International company supports farmers Psaltry, Agroproduct

Psaltry International company supports farmers with 600 million cassava stems, loans, others

by Nurudeen Alimi

November 12, 2024

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A cassava processing company, based in the Iseyin Local Government Area of Oyo State, Psaltry International Company Limited has reaffirmed ...

Reduce interest rate on loans to one per cent, MAN tasks FG

by Biola Azeez

August 27, 2024

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The Manufacturers Association of Nigeria (MAN) has continued to lament the present interest rate on loans among its members, saying ...

Africa's leading fintech hub, Sanwo-Olu charges Nigerians, Sanwo-Olu urges landlords, Sanwo-Olu charges artisans, backbone of Lagos economy, Lagos govt disburses N25bn as grants, loans to SMEs, Oorelope-Adefulire, worthy Ambassador of Lagos — Sanwo-Olu, Sanwo-Olu distributes empowerment tools to vulnerable, indigent residents, Sanwo-Olu swears in LASIEC boss, members, Sanwo-Olu to open Demurin road, two others on thursday

Lagos govt disburses N25bn as grants, loans to SMEs

by Bola Badmus

July 12, 2024

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Lagos State Governor, Mr Babajide Olusola Sanwo-Olu, has said that the state government has disbursed about N25 billion in grants ...

SERAP sues Tinubu, demands details of Obasanjo, Buhari, Jonathan, Yar’Adua

SERAP sues Tinubu, demands details of Obasanjo, Buhari, others’ loans

by Sandra Nwaokolo

June 9, 2024

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The Socio-Economic Rights and Accountability Project (SERAP) has initiated legal proceedings against President Bola Tinubu’s administration to ensure financial transparency. ...