Increased Revenue Is Needed To Service Loans, Others – DMO   The Director-General, Debt Management Office, Mrs Patience Oniha, has said that borrowing is necessary to finance capital projects but the major challenge the country has is the level of revenue it is generating. She said this...

NIRSAL Facilitates N102bn Loans, Creates 400,000 Jobs   The Managing Director/Chief Executive Officer of Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL), Mr. Aliyu Abdulhameed, on Thursday said the company has facilitated over N102 billion as loans from commercial banks for the various Agricultural Value...

FG Approves N7bn Loan To Support Creative Industry The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the Federal Government has approved a facility of about N7bn to support the creative industry. The amount was disbursed by the Federal Government through the Bank...

Fed Govt Approaches China For $17bn Loans   The Federal Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan request. It said other lending institutions like the World Bank and the African Development Bank were not showing much interest when...

Ecobank, NIRSAL Partner To Increase Loans To Farmers   Ecobank Nigeria Limited says it is partnering with the Nigeria Incentive-based Risk-Sharing System for Agricultural Lending, United States Agency for International Development, Development Bank of Nigeria and other developmental partners to double the amount of credit it...

Loans: First Bank Commits N10bn To Education   First Bank of Nigeria Limited has announced that within the last year, it has supported educational institutions in the country with loans in the sum of over N10 billion. The bank’s support is carried out through its FirstEdu product,...