Following CBN’s Directive , Banks Grow Loans By N800bn     Deposit Money Banks (DMBs) in the country have grown the loan book by N800bn in an aggressive drive to comply with the 60 per cent Loan-to-Deposit Ratio (LDR) mandate given by the Central Bank of Nigeria...

Loans To Real Estate Drop By 24% To N596bn   Credit allocation from commercial banks to real estate industry has maintained a steady drop in over one year. Loans from commercial banks to the real estate industry, which began to drop over a year ago, have maintained...

Mining Stakeholders Berate Govt's Rules On Accessing N15bn Loans   Local miners have complained that the stringent measures put in place by the government have hindered them from accessing the N15 billion facility loans meant to boost the mineral sector in the country. They said that despite...

FG Meets W/bank For Another $2.5bn Loan   The Federal Government is currently in talks with the World Bank for a fresh $2.5bn loan. World Bank Vice President for Africa, Hafez Ghanem, disclosed this in an interview in Abuja on Wednesday, Bloomberg reported. Nigeria received $2.4bn from the...

BoI Insists Bakers Association Must Repay Loans For Cassava Bread   The Chief Risk Officer, Bank of Industry (BoI), Dr. Ezekiel Oseni, has said the federal government will not write-off the loan given to members of the Master Bakers Association of Nigeria under the N3.4 billion...

9 Banks Increase Loans To Customers By N952bn   NINE of the nation’s deposit money banks boosted their loan books in the first half of 2019 as credit to customers rose by at least N952bn to N8.59tn. An analysis of the audited financial statements of the 13...