Interest Rates On SME loans’ll Hit 9% — CBN   Interest rates on loans to the Small and Medium Enterprises to cushion the effects of the coronavirus on their operations introduced by the Central Bank of Nigeria will rise to nine per cent from five per...

COVID-19: CBN Okays N10bn For Healthcare Loans     The Central Bank of Nigeria (CBN) has approved N10 billion aggregate loan request by pharmaceuticals and other health care organizations from its earlier announced N100 billion facility to enable the entities produce items to fight the COVID-19 pandemic...

N50bn CBN Loans To SMEs, Others End 2024     The Central Bank of Nigeria has set December 31, 2024 exit date for its intervention loans to the Small and Medium Enterprises and households aimed at cushioning the effects of coronavirus on businesses and the people. It also...

Nigeria’s Debt Stock May Hit N30trn With New Loans   If Nigeria succeeds in borrowing the proposed $6.9bn from international lenders including the World Bank, the African Development Bank and the Islamic Development bank to help counteract the impact of coronavirus on the economy, the country’s...

Banks Recorded N1.05trn Bad Loans In 2019 – NBS   Banks’ non-performing loans amounted to N1.05tn as of December 2019, the National Bureau of Statistics said on Wednesday. The bureau also gave the gross loans of the banking sector as N17.56tn in the review period. The figures were...

Osun Empowers Farmers With N2.2m Loan   Osun State Government, on Monday kicked off its farming empowerment programme with the distribution of N2.2m loans to selected tomatoes and pepper growers. The empowerment programme, being implemented by the state government through the Osun Micro Credit Agency, was given...