LCCI, ACCI, Raise Concerns As Buhari Seeks Approval For Fresh $6.1bn Loan
The Abuja Chamber of Commerce and Industry and the Lagos Chamber of Commerce and Industry have both raised concerns over the rising debt profile of Nigeria following Buhari’s request that the Senate should...
Banks Borrowing From CBN Increase By 174% To N2.4trn
In apparent reflection of the intense scarcity of funds that prevailed in the interbank money market in April, banks’ borrowing from the Central Bank of Nigeria (CBN) rose by 174 per cent to N2.48 trillion from...
CBN Guarantees N2.4bn Loans For 14,000 Osun Farmers
The Osogbo Branch of Central Bank of Nigeria on Wednesday said it had guaranteed loans running into N2.4bn for over 14,000 farmers since the branch commenced operations in the state.
The CBN Osogbo Branch Controller, Mrs Ajuma Madojemu,...
FG, International Partners Plan $1bn Loan Support For MSMEs
The Bank of Industry under the supervision of the Federal Ministry of Industry, Trade and Investment has concluded a $1bn syndicated term loan in conjunction with international partners to support Micro, Small and Medium Scale Enterprises...
CBN Restructures Loans, Grants Another 12-month Extension
The Central Bank of Nigeria has given another 12-month extension on the discounted interest rate for its intervention facilities.
It said that the role-over of the moratorium on the facilities would be considered on a case by case basis
It...
Analysts Predict 8% Loan Growth For Banks In 2021
Analysts at CSL Stockbrokers Limited have predicted an eight per cent loan growth for the Nigerian banking sector in 2021.
The Lagos-based firm stated this in a report on its 2021 outlook titled: “Surviving Amidst Uncertainties.”
The firm...
