Debt Servicing and Rationale For Seeking Loans By Saad Yushau Shuaib   I read with keen interest and undivided attention a news story titled, “Debt servicing gulps N8trn as FG seeks more loans,” on the front page of DailyTrust newspaper of Friday, November 1, 2019. In the...

In Five Months, Manufacturers Receive N459.69bn Of N1.169trn Loans — CBN   Following the loans to deposition ration policy recently announced by the Central Bank of Nigeria (CBN), aggregate deposit money banks’ lending to the real sector has peaked N1.169trn in five months as the manufacturing...

CBN Releases N610.4bn Loans To Farmers   The Central Bank of Nigeria has released a total of N610.4bn to the banks for farmers under the Commercial Agricultural Credit Scheme. The CBN disclosed this in its economic report for the third quarter report on the performance of the...

DBN Disburses N100bn As Loans To 95,000 MSMEs   Between January and October this year, the sum of N100bn was disbursed by the Development Bank of Nigeria as loans to 95,000 Micro, Small and Medium Enterprises. Out of this amount, N70bn, which is about 70 per cent,...

CBN To Recover N36bn Loans From North-East Farmers   The Central Bank of Nigeria has inaugurated a committee in all local governments in the North-East to recover N36bn loans advanced to farmers. The loan facility advanced to the farmers through the North-East Commodity Association is part of...

Nigeria Borrowed More In Last 3 Years Than It Did In 30 Years   At current levels of over N25 trillion, it means that Nigeria has borrowed in three years more than it borrowed in 30 years previously, and the country to remain peaceful and get...