MTN Gets N200bn Loan From 12 Banks
First Bank of Nigeria Limited wednesday led 12 local banks to sign a N200 billion loan facility for MTN Nigeria.
The other banks involved in the deal are Union Bank of Nigeria Plc, Citibank, Diamond Bank Plc, Ecobank, Fidelity...
Loan: NEXIM Bank Approves N25bn For Non-oil Exporters
The Nigerian Export-Import Bank on Thursday gave approval for the disbursement of the sum of N25bn to exporters in the non-oil sector.
The move is part of efforts aimed at stimulating the non-oil sector to become a major...
2,000 Wheat Farmers Dragged To Court Over Unpaid N270m Loan
Wheat Farmers Association of Nigeria (WFAN) in Kano said it had dragged 2,000 farmers to court for defaulting to repay N270 million loan.
The association chairman, Faruk Rabi’u, told the News Agency of Nigeria (NAN) in...
Banks must get Adeosun’s approval before lending to states – DMO
To reduce their exposure to huge indebtedness, the state governments can no longer borrow from the banks or the bond market without the express approval of the Minister of Finance acting on the advice...
Firm Records N1bn Loan Disbursement In One Year
Branch International, a digital financial firm, which majorly disburses instant loans through its mobile application (app) said it disbursed N1 billion loans since its inception one year ago.
The firm revealed this at media briefing in Lagos recently.
The...
Workers Get N2bn Specta Loan
Just four months after its market entry, Specta, a lending platform powered by Sterling Bank, has advanced consumer loans worth N2bn to salaried workers who are members of the lending platform’s pre-approved community.
The loans were accessed in less than five...
