FG's collateral-free loan excites Kaduna traders
Some traders at the Abubakar Gumi Central Market, Kaduna State, have commended the Vice President, Prof. Yemi Osinbajo, for the collateral-free loan tagged TraderMoni, to boost their businesses. Osinbajo was in the state to launch the state's edition of the scheme. The vice president, who was accompanied by Governor Nasir El-rufai and other dignitaries, went…
Credit Direct reaches N150b loan mark, opens new office
Credit Direct Limited, with more than 1,000 employees, has disbursed more than 1.5 million loans worth over N150 billion since it began operations in about over 10 years ago. The non-bank financial services company with operation in 25 states of the country, including the Federal Capital Territory, has an active customer base of more than 200,000 from public…
Before Nigeria loans out teachers to Liberia
Though the sobriquet, ‘Giant of Africa’, associated with Nigeria doesn’t stick that much any longer, the country remains a ‘big brother’ to many African nations. Little wonder that Liberia is turning to Nigeria for the recruitment of 6,000 teachers. However, Head, Education Desk, IYABO LAWAL writes that Nigeria requires the highest number of teachers in…
Your social credibility can get you a loan
Having a credible social media account is very important in this time and age because the world is right in the heart of the Internet era. A lot of people are being assessed through social media. The type of words and pictures you put out there, the pages and groups a person follows are all…
Nasarawa to pay December salary with loan, Maku seeks Buhari’s intervention
The Nasarawa State government has said it will obtain a loan to pay December salary of its workers. Commissioner for Local Governments and Chieftaincy Affairs, Haruna Osegba, disclosed this while addressing newsmen in Akwanga at the weekend, saying the state government was compelled to borrow because of the delay from the Federation Accounts Allocation Committee…
More than 4,000 women in Ogun get N10m loan
A Non Governmental Organisation (NGO), Paseda Legacy Foundation, yesterday started the disbursement of N10 million loan to over 4,000 women in the State, in efforts to improve their financial status.
States and new loans
It is instructive that the Debt Management Office did not just stop at cautioning against further borrowing by states, it also offered suggestions that should be of help to the states, if only they have ears that hear.
Experts want EIA report as loan requirement
As part of inputs to the on-going review of outdated 1992 Environmental Impact Assessment Act (EIA), environmentalists have solicited the inclusion of EIA reports as pre-condition for project loans.
External loans and domestic alternative
There was some relief that the loan request was not promptly considered by the Senate as scheduled in early November for want of supporting details, which the presidency has agreed to provide.