CBN Extends AGSMEIS Loans To 14,638 Applicants       The Central Bank of Nigeria has said it is extending its Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) loans to 14,638 applicants in August. In a communiqué from the last MPC report, it stated, “The Agri-Business/Small and Medium Enterprise...

CBN Warns Against Fraudulent Investment Schemes, Loan Offers       The Central Bank of Nigeria has asked the public to beware of fraudulent loan offers and investment schemes. The acting Director, Corporate Communications, CBN, Osita Nwanisobi, said this in a statement on Thursday entitled ‘Beware of fraudulent loan...

First Bank Disburses N17bn Loans Via e-platform     First Bank of Nigeria Limited has said it disbursed over N17bn loans to individuals across the country through digital solutions. The bank said this in a statement on Wednesday entitled ‘First Bank reinforces its financial inclusion drive; disburses over...

Bank Loans To Real Estate Operators Now N666.73bn       The total loans by banks to operators in the real estate sector rose to N666.73bn as of the end of second quarter of 2020 from N651.62bn in the first quarter of 2020. The National Bureau of Statistics disclosed...

Loans To Households Rose In Q2 – CBN Report     Loans with collateral to households rose in the second quarter according to the Central Bank of Nigeria. The statistics department of the CBN disclosed this in its ‘Credit Conditions Survey’ report for the second quarter which was...

Nigerians’ Concerns Should Be How Loans Are Utilised - DMO Boss     The Director-General, Debt Management Office, Patience Oniha, on Wednesday, defended the nation’s debt profile, saying there is nothing wrong with borrowing. She said rather than complaining about the nation’s debt profile, what should be of...