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...

$22.79bn Loan: Reps Suspend Consideration Indefinitely   The House of Representatives has indefinitely suspended the consideration of the $22.79bn external loan request by President Muhammadu Buhari. The House had listed the report by its Committee on Aids, Loans and Debt Management on the 2016–2018 Federal Government External...

Reps Consider Buhari’s $22.79bn Loan Today   The House of Representatives has scheduled consideration of the $22.79bn external borrowing request by President  Muhammadu Buhari for Wednesday (today). The Speaker, Femi Gbajabiamila, made this known at the plenary on Tuesday. He made the announcement in reaction to a member,...

CBN Offers N90bn Loans To Small Scale Farmers     The Central Bank of Nigeria is offering N90bn soft loan facility for small scale agriculture enterprises. A statement from the Senior Special Assistant to the President on Media & Publicity, Office of the Vice President, Laolu Akande, said...