Loans

High bad loans provision lowers Zenith Bank’s profit by 8.44% to N244.56bn

As inflation accelerated and the economy of the country struggled, Zenith Bank had to make more provisions for bad loans…

3 years ago

Shareholders accuse Aso Savings of  stripping Union Homes’ assets

The Independent Shareholders Association of Nigeria (ISAN) has accused Aso Savings & Loans Plc of stripping assets of Union Homes…

3 years ago

Nigerian banks may default in foreign loans repayment —Moody’s

The rating agency, Moody’s Investors Service, on Thursday stated that Nigerian banks may not defer the repayment of foreign loans…

3 years ago

Parthian Group projects more bad loans

The Parthian Group has forecasted that more loans are likely to go bad this year due to the underperformance of…

3 years ago

Nigerian non-performing loans hit N1.21tn

The total non-performing loans in the banking sector in Nigeria hit N1.21tn in February 2022, the country's Central Bank has…

4 years ago

ICT firms’ borrowing rate in Nigeria soars

Loans obtained by Information, Communication and Technology firms from banks in Nigeria, have risen steadily, month on month from N952.06bn…

4 years ago

Businessman urges Nigerian govt to lower interest rates

A Kano-based businessman, Chief Kalu Ogbonnaya, has called on the federal government to take steps to cut interest rates on…

4 years ago

Nigerian govt to finance 2022 budget deficit with new borrowing

President Muhammadu Buhari has written to the House of Representatives requesting an increase in the 2022 budget deficit through domestic…

4 years ago

Nigerian govt gives interest-free loans to 98,000 beneficiaries

The Federal Government of Nigeria has stated that it has concluded plans to give interest-free loans to 98,000 beneficiaries of…

4 years ago

USAID partners state govts. on loans management

The United States Agency for International Development (USAID) through its Accountability, Transparency and Effectiveness (State2State) project has collaborated with state…

4 years ago

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