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...

Banks’ Loans Hit N33trn In 12 Months   Macroeconomic and Fixed Income Researcher at FBNQuest, Gregory Kronsten has listed the macroeconomic impact of the Covid-19 pandemic on the population. In a report, he said one bright spot has been the 21 per cent increase in the loan...

Fed Govt To Restructure SME Loans, Says Osinbajo     The Vice President, Yemi Osinbajo, has said the Federal Government is working with the Central Bank of Nigeria to help borrowers to restructure their loans as part of efforts to ease the impact of COVID-19 pandemic. Osinbajo said...

Total Loans To Businesses Hit N18.9trn In One Year   Total gross credit for various transactions in Nigeria rose by N3.33 trillion from N15.56 trillion at end-May 2019 to N18.90 trillion at end-June 2020. These credits were largely recorded in manufacturing, consumer credit, general commerce, and information...