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...

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...