Borrowing for recurrent expenditure foolish, says Obasanjo
Former President of Nigeria, Olusegun Obasanjo, has described the continuous chase for external loans by President Muhammadu…
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Loans
FirstBank empowers Firstmonie agents with N100bn loan
First Bank of Nigeria Ltd has economically empowered Firstmonie agents with the sum of N100 billion through its agent credit…
Don’t give loans to customers – CBN Orders Payment Service Banks
Payment Service Banks (PSBs) operating in the country have been directed not to grant loans to their customers because they are…
Rail projects: We have capability to pay China loans in 20 years – FG
Minister of Transportation, Rotimi Amaechi has stated that Nigerian government has the capability to pay back loans collected for…
Banks recorded N1.44tn non-performing loans Q2
The total non-performing loans in the banking sector stood at N1.44tn at the end of the second quarter of 2019. This is about…
FG assures 36 states, FCT of easy access to World Bank’s $750m loan, grant
The Federal Government has disclosed that 36 state governments and the Federal Capital Territory, FCT, will soon access World…
Nigeria bleeding under Chinese, foreign loans – Duke
The Social Democratic Party presidential flagbearer, Donald Duke, has expressed concern over the growing indebtedness of the…
CBN orders banks to offer loans to agric, manufacturers at nine per cent
The Central Bank of Nigeria (CBN) will be refunding Cash Reserve Ratio (CRR) to banks that fund projects in agriculture and…