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,...

Loans Without Collateral To Drop In Q1, CBN Says   The availability of loans without collateral will fall in the first quarter of the year, the Central Bank of Nigeria has said. The statistics department of the apex bank gave this indication in its Credit Conditions Survey...

Banks Took N319bn CBN Loan For Liquidity Control - Report   Commercial banks and merchant banks have accessed N319.28 billion loan from the Central Bank of Nigeria (CBN) to control their liquidity positions and maintain industry stability, the CBN Economic report for October released yesterday has...

FG Defends $22.7bn Loan, Admits Debt Service Budget High   The Federal Government has said Nigeria cannot service its debts with the current revenue generation capacity. The government insisted that debt to Gross Domestic Products ratio is still within the threshold but admitted that the debt to...