Mounting loans: ‘Why forensic probe to avoid economic colonialism is vital’
For the umpteenth time, development economists are sounding the alarm that generations yet unborn may become slaves with mortgaged future, as a result of the Federal Government...
Auto sector gets 2 per cent reduction on NADDC loans as palliatives
As part of efforts to curtail the coronavirus pandemic, the Federal Government through the National Automotive Design and Development Council (NADDC) has rolled out a stimulus package
4 Basic Things To Consider When Applying For A Loan
Loans come in different forms and there are different reasons why people decide to apply for loans. Often, people go for credit facilities where there is little interest when payment is being made. In Nigeria, there are different credit facilities, however, most have a high rate of interest returns which makes people look out for…
Ngige asks N-Power trainees to form cooperatives to access loans
The Minister of Labour and Employment, Dr Chris Ngige, has urged graduating trainees of the N-Power Programme, to form Cooperatives to enable them access loans.
Delta, BOI partner on zero interest loans for SMES
The DELTA State Government in collaboration with the Bank of Industry is set to offer zero-interest loans to market women and Small and Medium Entrepreneurs, (SMEs) in the state.
CBN’s arbitrariness on mortgage loans
The Central Bank of Nigeria’s (CBN) recent circular, which removed “interest rate and cap in respect of Part 2 Section 2.1.3 (Mortgage Finance)” in the Guide to Charges by Banks and Other Financial Institutions in Nigeria, should be of immense interest and concern to people who have had their hopes deferred about housing for all.
Extramile Africa offers N4m soft loans to MSMEs
To drive financial inclusion and social empowerment for Micro, Small and Medium Enterprises (MSMES), a fintech firm, Extramile Africa, has offered N4 million worth soft loans. The initiative, which flagged off its pilot scheme in Akure, Ondo State, also launched her mobile/merchant app and USSD code. Co-founder and Chief Executive Officer (CEO), Extramile…
Firm holds inaugural cooperative confab May 22 in Lagos
A financial technology company that helps cooperatives save, get loans and invest their wealth, Riby, is holding its maiden Cooperative Conference on May 22 2019 at Regency Hall in Alausa, Ikeja, Lagos. With “Strengthening cooperatives to provide life’s basic needs” as theme, the event promises a robust deliberation as stakeholders share cutting-edge ideas for benefits…
NCR urges banks to accept movable assets for loans
The National Collateral Registry (NCR) has appealed to commercial banks in the country to accept movable assets as collateral to increase the quantum of borrowing to small businesses. Its Registrar, Mohammed Mainasara, made the call in an interview with the News Agency of Nigeria (NAN) at the 27th Seminar for Finance Correspondents and Business Editors…