Nigeria secures World Bank’s $500m loan approval for women empowerment
By Business A.M The World Bank Group said it has approved a loan of $500 million to help the Nigerian government strengthen its
Tinubu signs bill on interest free loan for Nigerian students
By Business A.M. President Bola Tinubu has signed the Student Loan Bill into law, aimed at providing interest free loans to indigent
AfDB, JICA seal $350m loan agreement to support Africa’s private sector
By Cynthia Ezekwe As an avenue to boost private sector development in Africa, the African Development Bank (AfDB) and the Japan
UBA grows loan portfolio 21.4% to N605bn in 2022
By Cynthia Ezekwe The United Bank for Africa said it grew its loan portfolio by 21.4 per cent to N605 billion in the 2022 financial
Commercial banks’ loan to government hits N26trn,says CBN
By Cynthia Ezekwe The Central Bank of Nigeria (CBN) has disclosed that loans from commercial banks to governments at all levels stood
Bankers’ Committee pledges N500bn annual loan for non-oil exporters
By Rosemary Iwuala The Bankers’ Committee comprising the Central Bank of Nigeria (CBN), chief executive officers of Deposit Money
Stanbic IBTC upgrades healthcare short-term loan, ensures flexible repayment period
By Cynthia Ezekwe Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has upgraded its healthcare short-term loan to ensure a
Nigeria, S/A lead as Africa’s BNPL market to explode to $85.4bn by 2028
BY MADUABUCHI EFEGADI Nigeria and South Africa, the continent’s two largest economies, with a combined gross domestic product (GDP)
Banks collaborate on reducing bad loan portfolio
Banks in the country have signed on board a scheme designed to reduce the incidence of bad loans in the industry. The disclosure is
CBN suspends intervention-loan repayment for one year
The Central Bank of Nigeria has said it is giving one-year moratorium on all principal repayments for COVID-19 intervention loans