Banks urged to channel loans to productive sectors
The Nigerian Diaspora Direct Investment Summit (NDDIS) has charged financial institutions to channel their loans towards productive sectors in the country, citing it as imperative to revitalizing the economy.
CBN cautions business owners against fraudulent loan offers, investment schemes
The Central Bank of Nigeria (CBN) has cautioned business owners against fraudulent loan offers, especially through the social media.
Commissioner empowers Alimosho residents with N4m loan
No fewer than 100 residents of Alimosho Federal Constituency have been given loans worth N4 million to boost their businesses by the Lagos State Commissioner for Tourism
Rivers House of Assembly approves another N6.5 billion loan
Barely one month after Rivers State House of Assembly approved N18 billion for Governor Nyesom Wike, the House, yesterday, approved another N6.5 billion loan for the state from Zenith Bank. The first loan, which was approved on August 10, 2020, is meant to accelerate development in the state, take care of the construction of the…
400 Nigerians get N40 million product loan for financial empowerment
Respite has come the way of 400 Nigerians as they would be empowered with about N40 million worth of product loan. The gesture is aimed at improving the standard of living of a teeming number of people and make them financially independent with a product loan of N100,000 each. The National Bureau of…
Out of court settlement in N58.9b loan dispute inconclusive, parties tell court
Parties in the N58.9billion loan dispute between Pan Ocean Oil Corporation Nigeria Limited (POON), its affiliate companies and Asset Management Company of Nigeria...
Experts harp on restructuring of loans to benefit women
Experts have called for the restructuring of loan facilities in Nigeria, to alleviate the adverse effects of some government policies on women, who own micro-businesses
Recession: CBN unveils plans for non-interest loan in ABP, others
...Targets N432 billion for 2020 wet season To avert another round of recession in the country, the Central Bank of Nigeria (CBN), has unveiled plans for a framework for the integration of non-interest window in all its intervention programmes, particularly the Anchor Borrowers’ Programme (ABP) and the Targeted Credit Facility (TCF). The Bank also plans…
Reps deputy minority leader kick over unfair usage of $ 22,798 million foreign loans for infrastructure
The Deputy Minority leader of the House of Representatives, Mr Toby Okechukwu has expressed dissatisfaction over the planned usage of $ 22,798 million foreign loans plan for infrastructural development in the country.
How COVID-19 staved off $22.7 billion foreign loan controversy
Lawmakers, who are also members of the Southeast Caucus in the National Assembly, were not amused recently by the exclusion of the region among the beneficiaries of the $22.7bn foreign loan request
COVID-19: Rosabon targets workers with N6M Personal Loan at low interest rate
Rosabon Financial Services, one of Nigeria’s leading Non-Bank Financial Services provider, has announced continuous availability of its Personal Loan packages, offering of up to 6 Million Naira at a low interest rate to eligible Salary Earners in light of the Coronavirus crisis.