Personal Loans Rose by 37.76% in November – CBN According to latest monthly report by the Central Bank of Nigeria (CBN), Nigeria’s personal loan portfolio rose by 37.76 per cent to N3.32tn in November 2024. The sharp increase in consumer borrowing reflects the impact of rising...

Nigeria to Receive $1.65bn World Bank Loans Next Year   The World Bank has lined up three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of a broader effort to support the country's development agenda and address its most pressing challenges. The loans, currently...

Loans to Government Now N42trn – CBN   Data from the Central Bank of Nigeria (CBN) has shown that credit to the public has expanded at a faster rate than credit to the private sector in the past year. According to the Money and Credit Statistics data...

According to the Central Bank of Nigeria, Nigerians have repaid N4.05tn in personal loans during the second quarter of 2024.

Shettima Lauds DBN Over N787bn MSME Loans   The Vice President, Kashim Shettima, has lauded the Development Bank of Nigeria for its contributions to the growth of micro, small, and medium enterprises in Nigeria. In a statement made available to our correspondent on Sunday, Shettima commended the...

Subsidy: FG to Begin Disbursement of Grants, Loans to Businesses   As part of the Presidential Palliative Programme, the Federal Government of Nigeria has announced the kick-off of two programmes targeted at alleviating the impact of the fuel subsidy removal – the Presidential Conditional Grant Programme...