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...

60,000 Small Businesses Gets MFB N50bn Loans Hasal Microfinance Bank Limited has disbursed loans totalling N50bn to about 60,000 small businesses in Nigeria. According to the firm’s Managing Director/Chief Executive Officer, Rogers Nwoke, the loans were mainly disbursed to small business owners who could not access...

Manufacturers Receives N2tn Loans From Banks In A Year A total of N2.01tn was granted as loans by the Deposit Money Banks to the manufacturing sector within one year covering July 2017 to June 2018, an analysis of the banking sector credit report of the...