Banks’ Loan Portfolio Surged By N20.8trn   Despite the stringent policy measures implemented by the Central Bank of Nigeria (CBN), commercial banks in the country have witnessed a remarkable N20.8trillion Year-on-Year (YoY) growth in their total credit to the private sector, reaching a substantial N62.52 trillion...

Fed Govt Raises TraderMoni Loan Portfolio By 400%       The federal government has jacked up the loan portfolio of TraderMoni to N50,000 representing a 400 per cent increment. The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq disclosed this during the flagging off...

Vulnerable Borrowers Received 37.72% Of Bank Loans – CBN       Vulnerable borrowers benefitting from the Central Bank of Nigeria’s COVID-19 forbearance hold about 37.72 per cent of the entire banking industry loan portfolio as of April. A member of the Monetary Policy Committee, Robert Asogwa, said this...

In Three Months, 12 Nigerian Banks Lend Customers N690bn       The combined loan portfolio of 12 commercial banks in Nigeria rose by N690bn in the first three months of this year, data collated from their unaudited financial statements show. The loans and advances to their customers grew...

W/Bank Loans In Nigeria Rise By $2.19bn In 3 Years   The World Bank loan portfolio in Nigeria increased by $2.19bn in the last three years, investigation has shown. Data obtained from the Debt Management Office in Abuja on Monday showed that the country’s loan commitment to...

W'Bank Loan Portfolio In Nigeria Now $8.67bn World Bank loan portfolio in Nigeria now stands at $8.67bn, an investigation has shown. Loans from the International Development Association, one of the three arms of the World Bank, make up $8.55bn of the portfolio. Loans from the International Bank...