Loans

Nigerian govt disburses N38bn loans to SMEs in four years, says Osinbajo

The Federal Government of Nigeria has disbursed no fewer than N38 billion in loans to support Small and Medium Scale…

5 years ago

President Buhari writes senate for fresh $4bn, €710m loans

President Muhammadu Buhari has written to the National Assembly seeking approval to borrow the sum of $4,054,476,863 billion and €710…

5 years ago

Group urges FG to provide soft loans for youths to tackle unemployment

The Nigeria Diaspora Network (NDN) urged the federal government to provide low-rate loans and farm inputs to young people. NDN’s…

5 years ago

Africa infrastructure fund loans hit $1bn

The Emerging Africa Infrastructure Fund (EAIF) says it has issued loans up to $1 billion for infrastructure development. A statement…

5 years ago

Stanbic IBTC impairment charges balloon by 508.76% in 2020

Many of Stanbic IBTC’s debtors found it difficult to meet their obligations to it in 2020, making its impairment provision…

5 years ago

Banks record ₦42.4b decline in non-performing loans

A recent report by the National Bureau of Statistics (NBS) has shown that Nigeria’s banking sector non-performing loans dropped by…

5 years ago

Banks recover N50m in nine days from debtors’ external accounts

Nigerian banks recovered N50.32 million within nine days from debtors after the financial institutions began the Global Standing Instruction (GSI)…

6 years ago

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