The Federal Government has defended its borrowing practices, stating that loans are acquired based on approvals from the National Assembly. This clarification was made during an...
The Federal Executive Council (FEC) has approved a loan of approximately $618 million from a consortium of financiers to purchase six fighter aircraft and ammunition for...
The Federal Government has announced that the N150 billion loan disbursement for manufacturers and micro, small, and medium enterprises (MSMEs) will commence in September. This was...
The ad hoc committee probing the ‘N30 trillion ways and means’ loan under former President Muhammadu Buhari has been given two months to submit its report....
As Nigerians battle rising inflation and economic hardship, loans taken by Nigerians from banks rose to N3.82 trillion in January. This was 11.9 percent higher than...
The probe instituted by the Kaduna State House of Assembly into loans obtained by the administration of a former governor of the state, Nasir El-Rufai promises...
The Speaker of Kaduna State House of Assembly, Yusuf Liman, on Tuesday, gave reasons why the House is probing the loans collected by the administration of...
The Central Bank of Nigeria (CBN) has announced the suspension of applications for new loans under its development finance intervention funds. This is even as the...
Loans from the banking sector to the various sectors of the Nigerian economy rose to N8.03 trillion in H1’23 with the Oil and Gas, and manufacturing...
The Deputy Speaker of the House of Representatives, Benjamin Kalu has said that Nigeria, at 63, needs to become truly independent and self sufficient instead of...
The Central Bank of Nigeria (CBN) has revealed that loans from commercial banks to governments at all levels is now at N26 trillion as at January....
The Central Bank of Nigeria (CBN) has put in place new guidelines for banks seeking loans from its discount window on auction days. The new restrictions...
Former President Olusegun Obasanjo, has warned President Muhammadu Buhari to stop taking external loans as his administration is accumulating debts for the future generations. Obasanjo who...
The President of the Senate, Ahmad Lawan, says Nigeria will keep borrowing to fund critical infrastructures because the country is broke. Lawan who made this known...
The African Development Bank (AfDB) has approved two research grants worth $1.3 million to boost African women’s access to loans and micro-insurance. The grants, $1 million...
The Minister of State for Budget and National Planning, Prince Clem Agba, said on Saturday the Federal Government has been taking loans to fund infrastructure upgrade...
The Nigeria Economic Summit Group (NESG) has advised the Federal Government to take tough but necessary policy choices, to be able to improve on its revenue...
At a period loans to the oil industry are non-performing, Nigerian banks still continue to pump credit into the oil market, with the latest beneficiary being...
Nigerian banks are on the verge of restructuring more than a third of their entire loan portfolio after encountering repayment troubles on account of the coronavirus...
Former aide to ex-President Goodluck Jonathan, Reno Omokri has asked Nigerians to reject fresh $29.6 loan request by President Muhammadu Buhari’s administration. He said that Buhari’s...
Former Vice-President Atiku Abubakar has lamented the number of loans Nigeria had taken in the last three years under President Muhammadu Buhari’s administration. According to the...
The integrity of the Nigerian banking system may have been strengthened given a reduction witnessed in the percentage of non-performing loans. Figures from Nigeria Bureau of...
The Benue State chapter of the All Progressive Congress (APC) has accused the incumbent Governor, Samuel Ortom of mortgaging the future of the state with mortgage...
Tough times await bank customers who default on the repayment of their loans, as deposits in other bank account would be seized to service the loans....
Ogun State Governor, Dapo Abiodun, has painted a gloomy picture of the finances of the state government and how he had to take a N7 billion...
The Federal Government, through the Bank of Industry (BOI), has disbursed MarketMoni loans to 31,594 microenterprises in Lagos State MarketMoni loans are zero-interest loans available under...
The sum of N1.094.22 trillion was spent by the Federal Government on foreign debts servicing, with N1.044 trillion going in for the same reason for local...
What looks like s fresh faceoff has resurfaced among top government functionaries on the best approach to an earlier end to Nigeria’s recession and the role...
There are strong indications that the Central Bank of Nigeria (CBN) has concluded plans to hand over the toxic loans of the distress-prone Skye Bank to...
The capital market will witness a massive return of the banks before the end of the third quarter of the year. It is believed to be...
The balance sheets of most of the deposit money banks (DMBs) are bleeding badly as a result of the huge debts portfolio in form of non-performing...
The Defence Headquarters has raised the alarm that the Boko Haram insurgent group has deviced a new method of recruiting members by giving out loans to...
