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...

Foreign Commercial Loans Rise By $7.87bn In 2years Nigeria’s commercial foreign loans have risen by $7.87bn in the last two years, investigation has shown. Data obtained from the Debt Management Office on Monday showed that the country’s commercial loans as of March 2017 stood at $3bn. However,...

Loans: Govts, Oil Firms, Manufacturers Borrow N8.24trn From Banks The oil and gas sector, governments and manufacturers account for the large chunk of loans from Nigerian banks as of the end of March this year. The total loans given to the oil and gas, manufacturing sectors...

NIRSAL MFB To Issue Loans To MSMEs At 5%, Says Emefiele The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, on Wednesday said that the newly-established NIRSAL Microfinance Bank would provide loans to small businesses at a single digit interest rate of five per cent....

BoI Loans: Manufacturers, Others To Receive N171bn In 9months   Between January and September this year, a total of N171bn was disbursed by the Bank of Industry as loans to various sectors of the economy. The amount represents an increase of N90bn over the N81bn, which the...