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...

We Don’t Give Loans Directly To Customers, Says CBN   The Central Bank of Nigeria (CBN) has said that there are clearly spelt out procedures for accessing its intervention funds, which are disbursed through Participating Financial Institutions, such as Deposit Money Banks, Development Finance Institutions and...

9mobile Obtains $230m Loan To Reposition Operations   The management of Emerging Markets Telecommunication Services Limited, trading as 9mobile, has secured $230m loan facility from Africa Finance Corporation to help it attain its long-term growth plans. The telecommunication company made this known in a statement on Sunday,...

FG Eases Access To TraderMoni   The Senior Special Assistant to the President on Social Investment Programmes, Ahmed Isma’eel, has said that the market leaders have been empowered to take ownership of the TraderMoni programme and ensure that the process runs smoothly. A statement said he spoke...